Singapore-based real estate developer GuocoLand has announced the acquisition of a green club facility worth $367.1 million for its upcoming residential project on Faber Walk. The land parcel, which was awarded to GuocoLand and its joint venture partners TID and Hong Leong Holdings through a Government Land Sale tender last November, spans 277,659 square feet and is set to feature 399 residential units in nine low-rise blocks.
The Faber Walk development will be situated within the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. It boasts a waterfront location, with the Pandan River and the forthcoming Old Jurong Line Nature Trail in close proximity.
The green club facility secured by GuocoLand complements the company’s sustainable initiatives across its other developments, such as Guoco Tower, Guoco Midtown, Midtown Modern, and Lentor Mansion. These projects have all been designed with biophilic elements and have received recognition for their sustainability, with Guoco Tower earning the WELL Platinum award, Guoco Midtown achieving a Green Mark Platinum rating, and Midtown Modern and Lentor Mansion expected to receive the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.
Dora Chng, residential director of GuocoLand, expressed excitement for the upcoming Faber Walk project and the opportunity to continue incorporating sustainable design into the group’s developments. She cited the success of previous launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate as an example of this commitment.
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GuocoLand’s next project is a 941-unit development on Upper Thomson Road (Parcel B), a joint venture with Hong Leong Holdings. The project is set to launch in the second half of the year.