Faber Modern Condo Price Guide: What You Need to Know

Singapore’s real estate market continues to evolve, offering a variety of residential options that cater to diverse preferences and budgets. Among these, the Faber Modern condominium stands out as a notable development, attracting attention from both homebuyers and investors. This guide provides an in-depth look at the pricing structure of Faber Modern, helping potential buyers make informed decisions.

Situated in a prime location, Faber Modern offers residents a blend of urban convenience and serene living. The development is strategically located near major expressways and public transportation, ensuring easy connectivity to various parts of the city. Its proximity to reputable schools, shopping centers, and recreational facilities adds to its appeal, making it a sought-after address for families and professionals alike.

Understanding the Pricing Structure

Faber Modern offers a range of unit types, each designed to meet different lifestyle needs. The pricing varies based on factors such as unit size, floor level, and orientation. Here’s a breakdown of the typical pricing for various unit types:

• 2-Bedroom Units (700 – 754 sqft): Prices for these units generally range from S$1,168,000 to S$1,250,000. These units are ideal for singles, couples, or small families seeking a comfortable living space.
• 3-Bedroom Units (1,066 – 1,173 sqft): These larger units are priced between S$1,380,000 and S$1,770,000, catering to families requiring more space and functionality.
• 4-Bedroom Units (1,292 – 1,389 sqft): For those seeking even more space, 4-bedroom units are available, with prices ranging from S$1,770,000 to S$2,000,000.
• 5-Bedroom Units (2,949 sqft): These expansive units are priced between S$2,650,000 and S$2,950,000, offering luxury living with ample space for larger families or those desiring additional rooms for various purposes.

It’s important to note that these prices are indicative and subject to change based on market conditions and unit availability.

Factors Influencing Pricing

Several factors contribute to the pricing of units at Faber Modern:

1. Floor Level: Units on higher floors often command higher prices due to better views and reduced noise levels.
2. Orientation: Units with favorable orientations, such as those facing greenery or water bodies, may be priced at a premium.
3. Unit Layout: Efficient and functional layouts that maximize space utilization can influence pricing.
4. Market Demand: High demand for specific unit types or configurations can lead to price adjustments.
5. Developer Promotions: Periodic promotions or discounts offered by the developer can impact the final purchase price.

Investment Potential

Faber Modern presents a compelling investment opportunity. Its strategic location, coupled with quality construction and amenities, ensures strong rental demand. Investors can expect competitive rental yields, especially for units that are well-maintained and furnished. Additionally, the development’s proximity to business hubs and educational institutions enhances its attractiveness to potential tenants.

Over the years, properties in this area have shown consistent capital appreciation, making Faber Modern a viable option for long-term investment. Prospective investors should consider factors such as rental demand, tenant profiles, and potential for value appreciation when evaluating the investment potential of units within the development.

Financing and Additional Costs

When considering a purchase at Faber Modern, it’s essential to account for additional costs beyond the unit price:

• Buyer’s Stamp Duty (BSD): A tax levied on property purchases, calculated based on the purchase price or market value, whichever is higher.
• Additional Buyer’s Stamp Duty (ABSD): Applicable to certain categories of buyers, such as foreigners or those purchasing multiple properties.
• Legal Fees: Costs associated with the conveyancing process.
• Maintenance Fees: Monthly fees for the upkeep of common areas and facilities.
• Loan Costs: Interest rates and loan tenure can impact the overall cost of financing the property.

Engaging with financial advisors or mortgage specialists can provide clarity on financing options and associated costs.

Conclusion

Faber Modern offers a diverse range of units catering to various needs and budgets. Its strategic location, coupled with quality amenities and strong investment potential, makes it a noteworthy option in Singapore’s residential landscape. Prospective buyers and investors should conduct thorough research, consider their financial capabilities, and consult with real estate professionals to make informed decisions.