Waterfront Faber is the kind of 99-year leasehold project that rewards readers who think in decades rather than launch cycles — a 199-unit boutique block delivered by World Class Land in 2017 along the western shoulder of District 5, where the West Coast residential belt meets the Mount Faber green spine. The 2013 lease commencement gives current buyers roughly 86 years of remaining tenure, which sits comfortably above the 60-year threshold where CPF and bank financing start to tighten. What makes this address worth a closer look in 2026 is less the unit mix and more the Greater Southern Waterfront thesis that now runs through every D5 caveat — you can sanity-check the underlying transaction record on the URA caveat archive at URA before forming a price view.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
District 5 stretches from Buona Vista through Pasir Panjang to West Coast and Clementi, and Waterfront Faber sits in the southern segment closer to the Faber/Pasir Panjang axis than to the NUS-Buona Vista core. The 2017 TOP placed the project well after the 2013 cooling measure regime — TDSR, ABSD step-ups — was already permanent, which means original buyers transacted into a disciplined market rather than a frothy one. The bigger structural story today is the Greater Southern Waterfront masterplan, URA’s long-dated plan to repurpose the Pasir Panjang and City terminals into a 30km waterfront extension stretching from Marina East to Pasir Panjang. The plan’s timeline runs over 20-plus years, but D5 frontline addresses sit closest to the value creation arc. Layered on top is the 60% foreigner ABSD and 20-30% Singaporean second-property ABSD per IRAS, which has reshaped demand toward owner-occupier and decoupled-couple structures.
We track 59 sales and 128 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the WATERFRONT @ FABER dashboard.
- Average sale price: $1,566,913 across 59 transactions
- Estimated gross rental yield: 2.7%
- District 5 PSF ranking: Mid-range (top 59%)
- 99 yrs lease commencing from 2013 · OCR · D5 · 199 units
About WATERFRONT @ FABER
WATERFRONT @ FABER is a 99 yrs lease commencing from 2013 condominium, located at FABER WALK in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) (Outside Central Region), developed by WORLD CLASS LAND PTE LTD, comprising 199 residential units, completed in 2017.
With approximately 86 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at WATERFRONT @ FABER:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 4 | $1,535 psf | $1,074,000 |
| 2 BR | 18 | $1,458 psf | $1,083,549 |
| 3 BR | 30 | $1,496 psf | $1,704,267 |
| 4 BR | 3 | $1,491 psf | $2,070,000 |
| 5+ BR | 4 | $959 psf | $2,827,500 |
Sales Market Overview
WATERFRONT @ FABER has recorded 59 sale transactions with an average transaction price of $1,566,913, ranging from $970,000 to $2,950,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 11 | $1,275 psf | $1,810,364 | — |
| 2022 | 9 | $1,370 psf | $1,533,444 | ↑ 7.5% |
| 2023 | 12 | $1,496 psf | $1,581,167 | ↑ 9.2% |
| 2024 | 16 | $1,512 psf | $1,400,181 | ↑ 1.1% |
| 2025 | 10 | $1,554 psf | $1,536,600 | ↑ 2.8% |
| 2026 | 1 | $1,554 psf | $1,990,000 | ↑ 0.0% |
WATERFRONT @ FABER ranks in the top 59% of condos in District 5 by average PSF.
Compared to the OCR average of $1,550 psf, WATERFRONT @ FABER trades 6.4% below the segment benchmark.
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Rental Market Overview
WATERFRONT @ FABER has recorded 128 rental transactions with monthly rents averaging $3,514/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 3 | $8,600/mo | $7,600/mo | $9,200/mo |
| 2 BR | 74 | $2,789/mo | $1,250/mo | $4,000/mo |
| 3 BR | 30 | $3,597/mo | $2,000/mo | $5,600/mo |
| 4 BR | 21 | $5,224/mo | $3,450/mo | $7,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 27 | $2,694/mo |
| 2022 | 27 | $3,164/mo |
| 2023 | 25 | $4,372/mo |
| 2024 | 22 | $3,732/mo |
| 2025 | 21 | $3,795/mo |
| 2026 | 6 | $3,425/mo |
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Investment Analysis
Based on average rents and sale prices, WATERFRONT @ FABER delivers an estimated gross rental yield of 2.7%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 5
Side-by-side comparison against the most actively traded condos in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | 156 | $1,842 psf | 5979 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | 1840 | $1,866 psf | 1413 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | 1450 | $1,888 psf | 1396 |
| ELTA | 99 yrs lease commencing from 2024 | 501 | $2,556 psf | 399 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | 399 | $2,158 psf | 380 |
Location Map
Map shows WATERFRONT @ FABER (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- WATERFRONT @ FABER
- One World International School (Nanyang)
- Nan Hua High School
- Qifa Primary School
Nearby Schools
There are 7 schools within 2 km of WATERFRONT @ FABER, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| One World International School (Nanyang) | International | 520m |
| Nan Hua High School | Secondary | 680m |
| Qifa Primary School | Primary | 770m |
| Nan Hua Primary School | Primary | 780m |
| Clementi Town Secondary School | Secondary | 1.4 km |
| Clementi Primary School | Primary | 1.5 km |
| Pei Tong Primary School | Primary | 1.8 km |
- Greater Southern Waterfront masterplan optionality — URA’s long-dated transformation of the Pasir Panjang and City port land into a new waterfront precinct gives D5 frontline addresses a multi-decade tailwind that does not yet fully price into resale comparables, which you can benchmark against district-wide trends via D5 analytics.
- Decent lease profile (~86 years remaining) — A 2013 lease start means the project sits well above the 60-year CPF/bank-financing threshold and the 30-year resale-discount cliff, giving buyers a long runway before lease-decay drag materially affects exit pricing — the trajectory is modellable on the lease decay calculator.
- NUS rental catchment — The proximity to the National University of Singapore and the one-north research cluster creates a structurally deep pool of postgraduate, faculty, and biomedical-cluster tenants who are less rate-sensitive than the typical OCR demographic, which supports rental absorption through cycles.
- Pasir Panjang MRT on the Circle Line — The CCL stop gives one-stop access to HarbourFront and reasonable reach to the CBD via the Circle Line orbital route, with the eventual CCL closure connecting back to Marina Bay improving the network value further.
- Boutique scale (199 units) — A small block translates to lower facilities crowding, tighter MCST decision-making, and cleaner price discovery on resale than the 800-unit mega-launches that dominate D5 headlines.
- Lease clock still ticking — 86 years of remaining tenure is decent today but mechanically declines every year; buyers planning a 15-20 year hold should model the lease at exit, not at entry, and budget the resale discount that emerges as the project approaches the 60-year remaining threshold.
- Greater Southern Waterfront is a thesis, not a delivered product — The masterplan timeline runs 20-plus years and depends on port relocation, infrastructure spend, and successive government commitment; investors who underwrite the GSW premium at entry may wait longer than expected for full price recognition.
- ABSD friction on the investor demand pool — The 60% foreigner rate and 20% Singaporean second-property rate per IRAS compresses the buy-to-let universe and concentrates demand on owner-occupier upgraders.
- TDSR ceiling on mortgage stretch — The 55% Total Debt Servicing Ratio per MAS limits how aggressively dual-income households can scale into D5 pricing, particularly when existing car loans or HDB obligations are in the picture.
- Pasir Panjang industrial neighbours — The southwest D5 corridor still hosts port and light-industrial activity that has not yet relocated under the GSW timeline; site visits at peak hours are essential before banking on quiet-residential ambiance.
Waterfront Faber rewards a fairly specific buyer profile rather than a broad audience. The clearest fit is the dual-income Singaporean or PR couple working in one-north, NUH, or the Mapletree Business City cluster who values a short commute, a decent lease runway, and exposure to the Greater Southern Waterfront thesis as a multi-decade hold. A secondary fit is the long-horizon investor who treats the GSW masterplan as a 15-20 year compounding bet rather than a quick capital-gain trade and is willing to absorb the ABSD layer for that exposure. NUS-faculty rental landlords represent a tertiary fit given the structural tenant pool, though yield math should be stress-tested against district benchmarks visible on the price heatmap. Buyers chasing freehold tenure, fresh-TOP finishes, or top-tier school-zone access will likely look elsewhere — the project competes on location thesis and lease profile, not on the freehold premium that defines Bukit Timah or Holland Village. Run an affordability stress test on the affordability calculator before treating the GSW thesis as a substitute for sober underwriting.
Waterfront Faber is a coherent D5 boutique hold for buyers who frame Singapore property as a multi-decade asset rather than a launch-cycle trade. The decent lease profile, the Pasir Panjang MRT access, the NUS rental catchment, and the Greater Southern Waterfront masterplan all pull in the same direction — toward an owner-occupier or long-horizon investor thesis. It is not a freehold trophy, it is not a yield-maximisation play, and it is not insulated from the ABSD/TDSR regime that disciplines D5 price discovery. Buyers who underwrite the GSW transformation as a 15-20 year compounder and treat the boutique scale as a feature rather than a liquidity constraint will likely look back kindly. Yield-chasing investors and short-horizon flippers should benchmark against younger leasehold launches and OCR alternatives on the compare tool before committing capital here.
FAQ
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 59 transactions analysed
- Rental data: 128 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for WATERFRONT @ FABER
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.