GuocoLand has recently secured a green club facility worth $367.1 million from DBS Bank for its upcoming project on Faber Walk. The residential land parcel was acquired last November through a Government Land Sale tender by GuocoLand and its joint venture partners, TID and Hong Leong Holdings. The consortium’s top bid of $349.86 million, equivalent to $900 per square foot per plot ratio, won the 277,659 square feet site.
With plans to build nine low-rise blocks, the development will feature 399 residential units. It will be located in the prestigious Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. The project is situated along the waterfront, next to the Pandan River and the upcoming Old Jurong Line Nature Trail.
This green club facility for the Faber Walk development complements GuocoLand’s existing sustainable initiatives in 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.
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GuocoLand aims to achieve the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion of the Faber Walk development. Dora Chng, residential director of GuocoLand, expresses excitement over the opportunity to utilize the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs for residents. She also mentions the success of previous launches, such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.
Another highly anticipated project by GuocoLand is the 941-unit development at its Upper Thomson Road (Parcel B) site, jointly developed with Hong Leong Holdings. The project, expected to launch in the second half of the year, is a testament to GuocoLand’s commitment to creating sustainable and environmentally-friendly developments.