The launch of a new condominium is always a significant event in Singapore’s property market, especially when it involves a project like Faber Residence Condo. Situated in the tranquil and highly sought-after Faber Walk enclave in District 5, this upcoming development has attracted strong attention from homebuyers and investors alike. With its riverside location, low-density layout, and comprehensive amenities, it is poised to become one of the most desirable addresses in the west.
As the official sales launch draws near, potential buyers are keen to secure early information regarding preview sessions, booking procedures, and key timelines. If you’re planning to purchase a unit at Faber Residence Condo, this guide outlines the critical dates and booking details you need to know to stay ahead of the crowd.
When Is the Sales Launch?
The sales launch of Faber Residence Condo typically unfolds in multiple phases, starting with internal previews and culminating in the official public launch. Here’s a breakdown of the timeline most developments like Faber Residence follow:
- Now – Registration of Interest Open: Buyers are encouraged to register their interest online or with authorized agents. This step is essential to receive priority updates and invitations to preview events.
- 1–2 Weeks Before Official Launch – VIP Preview: Registered buyers will be invited to attend the showflat preview. During this period, prospective buyers can view the scale model, show units, and obtain price lists, floor plans, and site layouts.
- Preview Week – Expression of Interest (EOI): Interested buyers can submit an EOI form and provide a blank cheque to indicate their preferred unit types. This stage helps the developer estimate demand and prepare for booking day.
- Sales Launch Day – Balloting and Booking: On launch day, buyers who have submitted EOIs will be assigned queue numbers and invited to select and book their preferred units. Successful buyers will be issued an Option to Purchase (OTP).
What Happens During the Preview Period?
During the VIP preview, potential buyers can explore the Faber Residence showflat, ask questions about unit types, finishes, and available facilities, and get professional advice from appointed sales representatives. It’s also the best time to review the full pricing structure and project specifications. Buyers can expect:
- Detailed walkthroughs of available units
- Side-by-side comparisons of different layouts
- First-hand look at the actual quality of finishes and fittings
- Clarification on maintenance fees, tenure, and payment schemes
Buyers are encouraged to bring their financial documents and speak to mortgage consultants who are often present at the showflat to assist with loan assessments.
How Do You Book a Unit?
Booking a unit at Faber Residence Condo involves a few key steps. Here’s what to expect on sales launch day:
- Balloting Process (if oversubscribed): If the project is oversubscribed, a balloting system is used to determine the order in which buyers can select their units. Priority is typically given to those who submitted their EOI early.
- Unit Selection: Once your turn arrives, you’ll be guided to a booking station where you can choose from available units. Have backup options in mind in case your top choice is taken.
- Issuance of OTP: After selecting your unit, you’ll be required to sign the Option to Purchase and pay a booking fee (typically 5% of the purchase price).
- 14-Day Exercise Period: Buyers must exercise the OTP within 14 days by signing the Sales and Purchase Agreement and paying the balance of the down payment.
Be sure to have a clear understanding of your financing arrangements, including CPF usage and bank loan eligibility, before booking.
Key Tips for Prospective Buyers
- Register Early: Securing a spot for the preview guarantees access to early information and priority booking.
- Do Your Homework: Study the floor plans, pricing, and unit availability in advance so you can make quick decisions on launch day.
- Get Pre-Approval for Loan: A bank loan pre-approval will streamline your purchase process and help you determine a suitable budget.
- Be Decisive: The best units (in terms of views, layout, and floor level) tend to be snapped up early. Have a few alternatives prepared to avoid disappointment.
What Makes the Launch of Faber Residence So Anticipated?
Aside from the prime location and lush riverfront setting, Faber Residence Condo stands out for its low-density design, resort-style amenities, and proximity to Clementi MRT, schools, and business hubs. The development appeals to a wide spectrum of buyers—from families looking for a peaceful home to investors seeking capital appreciation and rental yield in a growth corridor.
Conclusion
The launch of Faber Residence Condo is a rare opportunity to own a home that blends city convenience with riverside serenity. With key dates approaching, early registration, thorough planning, and timely action are crucial to securing your ideal unit. Whether you’re buying for own-stay or investment, being prepared for the sales launch process will give you the best chance of success in this highly anticipated project.
