Guocoland Secures 3671 Mil Green Loan Faber Walk Development

GuocoLand, in collaboration with its partners TID and Hong Leong Holdings, has recently secured a green club facility worth $367.1 million from DBS Bank to develop the Faber Walk site. The land parcel was acquired through a Government Land Sale tender in November last year, with GuocoLand and its joint venture partners submitting the top bid of $349.86 million, equating to a rate of $900 psf per plot ratio for the 277,659 sq ft site.

Located in the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate, the future development will consist of nine low-rise blocks and 399 residential units. This waterfront project is situated next to the Pandan River and the upcoming Old Jurong Line Nature Trail.

The green facility for the Faber Walk development complements GuocoLand’s commitment to sustainability, which is showcased in their other developments 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.

In line with their focus on sustainability, the Faber Walk project is expected to receive the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.

Dora Chng, residential director of GuocoLand, expresses excitement for the Faber Walk project, stating that they aim to utilize the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs for their residents. She also mentions the success of their previous launches in the Lentor Hills estate, namely Lentor Modern and Lentor Mansion.

GuocoLand’s next project is a joint development with Hong Leong Holdings, a 941-unit development at its Upper Thomson Road (Parcel B) site, which was awarded in April last year. Set for launch in the second half of this year, this project will further showcase GuocoLand’s commitment to sustainable and biophilic designs.