GuocoLand has recently secured a staggering $367.1 million green club facility from DBS Bank to develop its Faber Walk site. The site, awarded through a Government Land Sale tender in November last year to GuocoLand and its joint venture partners TID and Hong Leong Holdings, spans 277,659 sq ft. The partners had submitted the top bid of $349.86 million, equivalent to $900 psf per plot ratio.
The upcoming development is planned to include 399 residential units spread across nine low-rise blocks. It is strategically located within the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. Situated next to the Pandan River and the forthcoming Old Jurong Line Nature Trail, the waterfront development boasts a prime location.
This latest green facility for the Faber Walk project is a testament to GuocoLand’s commitment to sustainable development. The company has already implemented various eco-friendly initiatives in its other projects such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.
Moreover, the Faber Walk development is expected to receive the prestigious BCA Green Mark Platinum award for its extraordinary energy efficiency and the Maintainability badge upon completion. Dora Chng, Residential Director of GuocoLand, expressed excitement about creating sustainable and biophilic designs for the residents, similar to the successful launches of Lentor Modern and Lentor Mansion in the Lentor Hills estate.
To add to its list of impressive projects, GuocoLand has also announced its upcoming collaboration with Hong Leong Holdings for a 941-unit development at its Upper Thomson Road (Parcel B) site, awarded in April last year. The joint venture project is set to launch in the second half of this year, showcasing the company’s continuous growth and development.