Waterfront @ Faber

Overview & Key Facts

Waterfront @ Faber is a 199-unit, 99-year leasehold low-rise condominium at Faber Walk in District 5 — a quiet residential enclave nestled along Sungei Ulu Pandan, the waterway that feeds into Pandan Reservoir and eventually the coast. Developed by World Class Land Pte Ltd (the property arm of SGX-listed Aspial Corporation) and designed by P & T Consultants, the development comprises seven 5-storey residential blocks plus 11 strata landed houses, all completed in 2017. The low-rise form is not an aesthetic choice — it is mandated by the height restrictions of the surrounding landed housing estate, which means Waterfront @ Faber will never be overshadowed by neighbouring towers.

The development’s defining feature is its riverfront setting. The blocks are arranged along Sungei Ulu Pandan, giving many units direct views of the canal and the greenery flanking it, with direct access to the park connector network. This is not dramatic harbour or sea frontage; it is a gentler, suburban kind of waterfront — joggers on the park connector, the occasional heron, and evening light reflecting off the slow-moving water. For buyers who find the mega-developments of Clementi and Jurong overwhelming, Waterfront @ Faber offers something deliberately smaller-scale and quieter.

The numbers, however, tell a story of modest performance. With 59 resale transactions at an average $1,566,913 (median $1,570,000) and $1,557 PSF, and 126 rental transactions averaging $3,514/month, the development produces a gross yield of just 2.6% — below the District 5 average. The ShiokNest score of 36/100 reflects the accumulation of several structural disadvantages: very poor MRT access (walkability 28/100), limited capital appreciation trajectory (profitability 54/100), and an investment score of 56/100 that suggests neither strong rental yield nor compelling growth prospects. This is a development that rewards a specific kind of buyer — one who prioritises quiet riverfront living and proximity to good schools over connectivity and returns.

Location & Connectivity

Waterfront @ Faber sits in one of Singapore’s most isolated residential pockets. Faber Walk is a dead-end road within a low-rise landed estate, bordered by Sungei Ulu Pandan to the south and low-density housing on all other sides. The tranquillity is genuine — there is no through-traffic, no commercial activity, and minimal ambient noise. Residents consistently describe the environment as “quiet” and “peaceful.” The park connector running alongside the canal provides a pleasant walking and cycling path that connects to West Coast Park and eventually to the larger Southern Ridges network. For nature lovers and joggers, the immediate surroundings are excellent.

The trade-off for this serenity is connectivity — or rather, the lack of it. There is no MRT station within comfortable walking distance. Clementi MRT (East-West Line) is the nearest at approximately 1.5 km — a 15–18 minute walk that is partially unsheltered and involves crossing a busy junction. This is not a walkable MRT commute by any reasonable standard. The upcoming Jurong Town Hall MRT (Jurong Region Line, expected 2027–2028) and Pandan Reservoir MRT (Cross Island Line, expected 2032) will eventually improve connectivity, but these are years away and still not within easy walking distance. For now, Waterfront @ Faber is functionally a car-dependent development, with the AYE accessible via Clementi Road providing a 10–15 minute drive to the CBD.

The school catchment is the location’s strongest selling point. Nan Hua Primary School (0.78 km) and Qifa Primary School (0.77 km) are both within the 1 km priority enrolment radius — both well-regarded schools in the SAP (Special Assistance Plan) and mainstream tracks respectively. Nan Hua High School (0.68 km) is also nearby, as is One World International School (Nanyang campus, 0.52 km). For families who want to secure a primary school place without relying on ballot luck, this is a genuinely strong catchment. Daily essentials require a short drive: Clementi Mall and the wet market at Clementi Avenue 2 are the nearest options, roughly 5–8 minutes by car. IMM and the larger Jurong East retail cluster (Westgate, JEM, JCube) are a 10-minute drive.

Schools & Education

2 primary schools within the 1 km Priority Phase balloting radius.

Facilities

For a 199-unit development, Waterfront @ Faber provides a respectable but not exceptional range of facilities. The site is organised into four themed zones — The Forest, The Coast, The Lake, and The Valley — which sounds ambitious on paper but in practice amounts to differentiated landscaping around a fairly standard set of amenities. The centrepiece is a 50-metre lap pool, which is genuinely generous for a development of this size; many 200-unit projects offer only a 25-metre or 30-metre pool. There is also a children’s fun pool, a gymnasium, BBQ areas, a function room, and landscaped walking paths threading through the grounds.

The standout feature is the Sky Park — a rooftop garden spanning two of the residential blocks, oriented to face the Sungei Ulu Pandan waterfront. This provides an elevated vantage point for sunset views over the canal and the surrounding low-rise neighbourhood, and residents describe it as “very well built.” The development also offers a shuttle bus service to Clementi market, which partially compensates for the weak MRT access. Parking is reportedly ample, which matters given that most households here will need at least one car. The low-rise, low-density layout means the facilities rarely feel crowded — a practical benefit of the small unit count that larger developments cannot replicate.

“A very well-kept condo. The environment is nice — got a very well built roof garden. Suitable for small family as the floor area not very big. Swimming pool is nice for adults and kids.”

— Resident review via 99.co

Appliances are Bosch and Electrolux, with Grohe and Duravit fittings in the bathrooms — a mid-to-upper tier specification that has aged reasonably well. The overall maintenance standard is good for an 8-year-old development, with residents rating it 4.4 out of 5 on 99.co. The main limitation is that with only 199 units, the MCST budget is smaller, which constrains future facility upgrades compared to larger developments with deeper sinking funds.

Unit Sizes & Layout

Waterfront @ Faber offers a varied unit mix: 2-bedroom (700–721 sqft, 25 units), 2-bedroom dual key (753–764 sqft, 29 units), 3-bedroom (1,033 sqft, 10 units), 3-bedroom deluxe (1,066–1,076 sqft, 60 units), 3-bedroom dual key (1,023 sqft, 10 units), 4-bedroom (1,173–1,292 sqft, 25 units), 4-bedroom deluxe (1,313–1,389 sqft, 30 units), 4-bedroom dual key (1,259 sqft, 10 units), and 11 strata landed houses (2,799–3,035 sqft). The dual-key configuration across all bedroom types is a distinctive feature — every unit type has a dual-key variant, which reflects World Class Land’s bet that investors would want the flexibility to rent out a portion while occupying the rest, or to house multi-generational families.

Unit sizes are compact by pre-2015 standards but roughly in line with the 2013–2015 launch era. The 2-bedroom units at 700–721 sqft are functional but tight; the 3-bedroom deluxe at 1,066–1,076 sqft offers a better balance of space. The 4-bedroom deluxe configurations at 1,313–1,389 sqft provide genuine family-sized living. High ceilings paired with expansive windows bring in generous natural light, and waterfront-facing units enjoy unobstructed views over Sungei Ulu Pandan. Flexible furniture decks in some units allow owners to extend usable floor area — a design feature that works well in the smaller configurations.

Pricing & Market Position

Across 62 recorded transactions (all-time), sale prices range from $970,000 to $3,480,000, averaging $1,590,450.

Over the last 12 months, transactions averaged $1,503 psf.

Rents range from $1,250 to $9,200 per month across 133 rental transactions. Current rental yield sits at approximately 2.6%.

Rental Yield by Bedroom Type

Blended yield hides the spread between unit sizes — smaller units at WATERFRONT @ FABER typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:

Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 11.9% (from $1,275 to $1,426 psf).

Neighbourhood Comparison

The most direct competitor is the upcoming Faber Residence ($2,155 PSF, 399 units), which sits on the same Sungei Ulu Pandan waterfront just upstream. Faber Residence offers a fresh 99-year lease, newer specifications, and double the unit count — but at a 38% PSF premium. For buyers who want the riverfront lifestyle, this is the key comparison: Waterfront @ Faber at $1,557 PSF with 86 years of lease versus Faber Residence at $2,155 PSF with a full 99-year lease. The premium buys you newer finishes, a longer lease runway, and potentially better facilities, but the river views and park connector access are essentially identical. Pragmatic buyers who can live with 8-year-old finishes will find Waterfront @ Faber the more compelling value proposition; those who want a fresh start with maximum lease buffer will pay the premium for Faber Residence.

Normanton Park ($1,865 PSF, 1,840 units, TOP 2023) is the district’s mega-development benchmark — a massive Kingsford Huray project with over 100 facilities, an integrated commercial component, and significantly better connectivity (one-north MRT within walking distance). At a 20% PSF premium over Waterfront @ Faber, Normanton Park offers everything that Waterfront @ Faber lacks: scale, amenities, MRT access, and rental demand depth. The trade-off is that Normanton Park is a busy, high-density environment — the antithesis of the quiet riverfront seclusion that defines Waterfront @ Faber. Parc Clematis ($1,884 PSF, 1,450 units, TOP 2023) is a similar proposition — a large SingHaiyi development near Clementi MRT with comprehensive facilities and far better walkability. Both developments will generate stronger rental yields and resale liquidity than Waterfront @ Faber, but neither can offer the low-rise, landed-estate tranquillity.

Elta ($2,557 PSF, 501 units) represents the premium tier in the Clementi corridor — a new launch positioned near the upcoming Clementi MRT interchange. At 64% above Waterfront @ Faber’s PSF, Elta is targeting a fundamentally different buyer: one who values MRT connectivity, brand-new finishes, and the Clementi transformation narrative. For investors comparing the two, the calculus is straightforward — Elta will command stronger rents and broader resale demand; Waterfront @ Faber will not close that gap. The only scenario where Waterfront @ Faber outperforms is if the buyer values low entry cost, school proximity, and lifestyle over investment returns.

Lease Decay Analysis

The 99-year lease runs from 2013, meaning approximately 13 years have already been consumed. Roughly 86 years remain — still comfortably within the range where most banks will offer full financing without restrictions.

For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~76 years remaining, which is still very bankable. The risk profile changes for longer holds.

ShiokNest Scores

Our proprietary scoring system evaluates WATERFRONT @ FABER across multiple dimensions.

What Residents Say

“Nice quiet estate within 30 mins to CBD. A very peaceful environment and well-maintained facilities. The swimming pools are great for both adults and kids.”

— Resident review via 99.co

“A very well-kept condo. Suitable for small family as the floor area not very big. But its environment is nice — got a very well built roof garden. Swimming pool, gym, ample parking, walking paths, shuttle service to Clementi market, parks and playing courts.”

— Resident review via 99.co

“Peaceful waterfront living with park connector right outside. Morning jogs along the river are the highlight of living here. Only downside is that visitors don’t know how to use the telecom system.”

— Resident review via 99.co

The resident feedback at Waterfront @ Faber is remarkably consistent in its themes. The 4.4 out of 5 rating on 99.co (from 29 reviews) places it among the more positively reviewed developments in the Clementi area. The word that appears most frequently is “quiet” — residents chose this development specifically for its peaceful, low-density environment and they are not disappointed. The park connector along Sungei Ulu Pandan is repeatedly cited as a lifestyle highlight, with morning and evening walks along the river described as a daily pleasure.

The facilities — particularly the roof garden, swimming pools, and shuttle service to Clementi market — receive consistent praise. The shuttle service is a practical acknowledgment that MRT access is weak, and residents appreciate the management’s effort to mitigate this. Complaints are minor: the intercom/telecom system confuses visitors, and some residents note the unit sizes are on the smaller side. Notably absent from the reviews are the typical new-condo grievances about construction defects, noise, or management disputes — suggesting a development that has matured well and a community that largely gets along. The primary concern raised by some residents is the potential bus depot development across the canal, which could disrupt the green, quiet character that drew them here in the first place.

Strengths & Weaknesses

Verdict

Waterfront @ Faber is a niche product for a niche buyer. It offers something genuinely rare in Singapore — low-rise, riverfront living in a quiet landed estate, with a strong school catchment and a sense of seclusion that most condominiums cannot provide. The 50-metre pool, Sky Park, and direct park connector access create a pleasant daily environment. Residents consistently rate it well, describing a peaceful, well-maintained community. If your priority is raising a family near Nan Hua Primary and Qifa Primary in a low-density setting, this is one of the best options in the Clementi area.

But the weaknesses are structural and not easily overcome. The walkability score of 28/100 is one of the lowest in the district, reflecting the reality that you need a car for almost everything — groceries, MRT access, dining, and errands. The gross yield of 2.6% is below the District 5 average, and the investment score of 56/100 suggests limited upside. The PSF trend — $1,370 → $1,496 → $1,512 → $1,554 → $1,554 — shows appreciation has plateaued after the initial post-TOP gains. With 86 years remaining on the lease, tenure is not an immediate concern, but the en-bloc score of 30/100 (only 199 units but on a relatively large site) means collective sale is not a realistic exit strategy either.

The competitive landscape is challenging. Normanton Park ($1,865 PSF, 1,840 units) and Parc Clematis ($1,884 PSF, 1,450 units) are both newer, larger, better-connected developments in the same district that offer far superior amenities and MRT proximity, albeit at a 20–25% PSF premium. The recently launched Elta ($2,557 PSF, 501 units) and nearby Faber Residence ($2,155 PSF, 399 units) — which sits on the same Sungei Ulu Pandan waterfront — will further test Waterfront @ Faber’s resale appeal. Faber Residence in particular, as a newer riverfront competitor with similar views but fresher finishes and a longer lease runway, could cap the upside for Waterfront @ Faber resale prices.

The honest assessment: this is a buy-and-hold-for-lifestyle property, not an investment vehicle. At $1,557 PSF, it offers a reasonable entry point for own-stay in District 5, and the school catchment alone justifies the premium for families with young children. But buyers seeking rental yield, capital appreciation, or eventual en-bloc upside should look at the larger, better-connected alternatives in Clementi. The ShiokNest score of 36/100 — while harsh — accurately reflects the accumulation of connectivity, yield, and growth limitations that define this development.