Who Can Buy Faber Residence, Including Foreigners?

Published 6 October 2026 · Insights & News

Anyone can buy a home at Faber Residence, the 399-home condominium at Faber Walk in Clementi. Singapore Citizens, Singapore Permanent Residents and foreigners are all eligible, and because condominium units are not restricted residential property, a foreign buyer needs no government approval to purchase one. What changes from one buyer to the next is the Additional Buyer's Stamp Duty (ABSD) payable and the financing available, both set out below as at October 2026.

Why Faber Residence Is Open to Every Buyer Profile

Faber Residence is a private condominium on a 99-year leasehold site, with the lease running from 24 February 2025. It is jointly developed by GuocoLand, Hong Leong Holdings and TID through the developer entity Faber Residence Pte. Ltd., and it sits inside the landed private-housing enclave of Faber Walk in District 05. The full particulars, from site area to the main contractor, are on the Faber Residence project details page.

For overseas purchasers, the route to owning at Faber Residence is direct. A foreigner buying at Faber Residence follows the same steps as a local buyer: an Option to Purchase secured with a booking fee, followed by the Sale and Purchase Agreement. There is no separate application to a government agency, and the same straightforward route applies to Singapore Permanent Residents.

Because Faber Residence is a private condominium rather than an executive condominium, it carries no household income ceiling and no minimum occupation period. A young family buying a first home, an upgrader moving from an HDB flat, a parent buying near the schools of Clementi and a buyer relocating to Singapore for work can all purchase on the same footing.

Who can be the buyer

• Singapore Citizens buying a first, second or subsequent residential property
• Singapore Permanent Residents
• Foreigners, with no prior approval needed for a condominium unit
• Companies and other entities, at the entity ABSD rate

ABSD Rates for Faber Residence Buyers as at October 2026

ABSD is charged on top of Buyer's Stamp Duty and depends on the buyer's residency status and on how many residential properties are already owned. The rates below have applied since 27 April 2023 and are current as at October 2026.

ABSD rates effective 27 April 2023, as published by IRAS, as at October 2026.

A Singapore Citizen buying a first residential property pays no ABSD, which makes Faber Residence a clear-cut first private home for many local households. A Permanent Resident buying a first home pays 5%, and foreign buyers pay 60%. Every buyer, whatever the profile, also pays Buyer's Stamp Duty on tiered rates from 1% to 6%. The stamp duty guide for Faber Residence explains both duties in full, and the Faber Residence stamp duty calculator works out the figures for any buyer profile and price you enter.

Faber Residence for Married Couples and Joint Buyers

Two IRAS provisions are especially relevant to couples buying at Faber Residence. The first is a remission: a married couple in which at least one spouse is a Singapore Citizen, buying jointly and owning no other residential property, can have the ABSD remitted, as at October 2026. This lets a mixed-nationality couple purchase their first home together on terms close to those of a Singapore Citizen couple.

The second is a refund for upgraders. A married couple who buy a second home before selling their first may be refunded the ABSD on the second home if the first is sold within six months. The conditions are strict and are set by IRAS, so couples planning an upgrade should check the qualifying rules and timing with IRAS before signing. With estimated TOP in the first quarter of 2029 and vacant possession expected by 31 December 2030, Faber Residence gives upgrading families a generous runway to plan the sale of their current home.

Couples buying together should also look at how the loan will be shared, because each borrower's income and existing debts are assessed under the Total Debt Servicing Ratio, covered in the financing section below.

Buying Faber Residence Through a Company

A company or other entity may also purchase a home at Faber Residence. Entities pay ABSD at 65%, as at October 2026, on every residential purchase, in addition to Buyer's Stamp Duty. This rate applies from the first property an entity buys, so the calculation is simple: the entity rate is fixed regardless of portfolio size.

Buyers deciding between a personal and a corporate purchase can compare the total duty in each case on the stamp duty calculator before committing, and can raise any structuring questions with their own legal and tax advisers.

Financing a Faber Residence Purchase

Bank financing for Faber Residence follows the Monetary Authority of Singapore's rules on loan-to-value (LTV) limits and debt servicing, as at October 2026. The LTV limit depends on how many housing loans the borrower already has and on the loan tenure.

MAS loan-to-value limits for private residential property, as at October 2026.

The maximum loan tenure for private property is 35 years. Under the Total Debt Servicing Ratio (TDSR), total monthly debt repayments may not exceed 55% of gross monthly income, and banks assess new loans using a medium-term interest rate floor of 4%, as at October 2026. The TDSR calculator gives a quick view of the loan size an income can support, and the housing loan information page explains each rule in more detail.

Because Faber Residence is sold under the progressive payment scheme, the loan is drawn in stages as construction proceeds rather than in a single sum. The 5% booking fee and the 15% due on signing the Sale and Purchase Agreement come first, with later instalments tied to construction milestones. The Faber Residence payment scheme lists every stage.

Next Steps Toward Owning at Faber Residence

Once eligibility and stamp duty are clear, the practical steps are choosing a layout, confirming financing and arranging a viewing. Faber Residence offers 2-bedroom to 5-bedroom homes in nine low-rise, 5-storey blocks set around 18 interconnected courtyard gardens, with direct access to the Ulu Pandan Park Connector.

Viewings of the three show units, Types C5, D6 and E1, are by appointment through the Sales Concierge. To check eligibility for a specific purchase or to book a viewing, use the Faber Residence enquiry form.