Your New Family Home Dream: What Faber Residence Sales Tell Us

Published by Christian L | Real Estate

Singapore, 21st October – Big news from the property world!

GuocoLand’s new apartment project, Faber Residence, just sold 86 homes – almost half of its total! – on its very first weekend. This might seem like just another real estate headline, but for parents like you and me, it actually holds some key insights about finding that perfect family home in Singapore.

When a new development like Faber Residence, which offers homes from 1 to 5 bedrooms, sells so quickly, it tells us a few things:

• Singaporean families are still actively looking for homes. Despite everything, the dream of owning a comfortable, modern home for our kids is alive and well. Good schools, safe neighborhoods, and enough space for everyone remain top priorities.

  
  

• Newer homes are very attractive. These new projects often come with fresh designs, modern facilities (think kid-friendly pools, green spaces), and that "brand new" feel. For parents, this often means less worry about immediate repairs and a ready-made environment for family life.

  
  

• The market is competitive, especially for family-sized units. With so many units snapped up so fast, it shows that when a good project comes along, you have to be prepared to act quickly.

  
  

This tells us that while there are great new options appearing, the journey to finding your family's next home can be a bit of a race. For parents, this isn't just about a house; it's about a future for our children, access to good schools, and a place where memories are made.

The challenge is often balancing the excitement of a new home with the reality of high demand and prices. It can feel a little disheartening if you miss out, or if prices seem to keep creeping up.

Here’s how you can use this knowledge starting today:

1. Start Early, Stay Informed: Don't wait until you desperately need a new home. Keep an eye on property news and upcoming launches like Faber Residence. Sign up for alerts from developers or property portals. The earlier you know about options, the better.

   
   

2. Know Your Must-Haves (and Nice-to-Haves): Before you even look, sit down with your family. What are your absolute non-negotiables for a new home? Proximity to a specific school? A certain number of bedrooms? A park nearby? This clarity will save you time and help you decide quickly when a suitable option appears.

   
   

3. Be Financially Ready: Understand your budget inside out. Get pre-approved for a loan if you're serious about buying. When homes sell fast, you need to be able to make a quick, informed decision.

   
   

4. Consider All Your Options: New launches are great, but don't overlook resale homes! Sometimes, an older, well-maintained apartment in an established neighborhood can offer more space for the money, or be closer to your preferred schools. It's worth exploring both.

   
   

5. Don't Rush Decisions (But Be Prepared to Act): While speed is sometimes necessary, never compromise on doing your due diligence. Visit the showflat, ask questions, understand all the costs involved. You can be prepared to act quickly without making a rushed mistake.

   
   

The strong sales at Faber Residence show us that the dream of a new family home in Singapore is very much alive, but it also highlights the competitive nature of the market.

By being informed, prepared, and clear about your family's needs, you can navigate this exciting journey with confidence and increase your chances of finding that perfect home for your loved ones.

Disclaimer: This article is for educational purposes. All investment decisions should be made in consultation with a qualified real estate advisor.