Purchasing a property in Singapore is a significant milestone, and if you’ve set your sights on Faber Residence Condo, you’re already on the path to owning a home that offers both luxury and tranquility. Located in the peaceful Faber Walk enclave in District 5, Faber Residence combines modern living with the serenity of riverside nature, making it a highly desirable choice for homeowners and investors alike.
If you’re ready to make this premium residence your next home, the process of booking a unit is straightforward. In this article, we’ll guide you through the essential steps to secure your preferred unit at Faber Residence and help you understand what to expect at each stage of the journey.
Step 1: Register Your Interest
The first step in booking a unit is to register your interest with the official sales team or developer-appointed agents. This ensures you receive the latest updates about pricing, floor plans, launch dates, and preview sessions. It’s advisable to act early, especially for popular layouts and higher-floor units, as demand can be strong even before the official launch.
By registering, you will also be invited to exclusive preview events, often referred to as VVIP previews, where early-bird pricing and the first pick of units are typically offered to registered buyers.
Step 2: Visit the Showflat
Once you’re invited to a VVIP preview or public launch, the next important step is visiting the Faber Residence showflat. Here, you’ll get a first-hand look at the interior layouts, material finishes, and available unit types. The showflat visit also allows you to visualize how your future home will feel in terms of space, lighting, and design.
During the visit, a property consultant will walk you through the project details, including site plans, pricing structures, available promotions, and payment schemes. Be sure to ask questions and clarify any doubts you may have about unit selection, financing, or timeline for completion.
Step 3: Review the Floor Plan and Price List
After touring the showflat, you’ll be provided with a detailed floor plan and pricing information for available units. This is the time to carefully consider your budget, unit preferences (such as orientation, view, or floor level), and long-term needs. The consultant will help you shortlist units based on your requirements and guide you on which options are still available.
Keep in mind that different unit types and stack orientations may vary in price due to size, view, or proximity to amenities. It’s wise to decide on a few backup choices in case your first option is booked by another buyer.
Step 4: Submit the Expression of Interest (EOI)
To reserve your unit before booking officially opens, you’ll need to submit an Expression of Interest (EOI) along with a cheque (typically 5% of the property’s purchase price) and your identification documents. This allows the developer to gauge demand and prepare for balloting if required.
Submitting an EOI does not lock you into a purchase, but it does give you priority when the booking day arrives. If there is a balloting process due to overwhelming demand, those with EOIs are typically given queue numbers to select their units on launch day.
Step 5: Booking Day and Unit Selection
On the official booking day, buyers with queue numbers will be invited to select their preferred units based on availability. Once your turn arrives, you will choose your unit and proceed to sign the Option to Purchase (OTP) agreement. This is a legal document that reserves the unit for you while you finalize your financial arrangements.
Make sure to have your finances pre-arranged, including mortgage loan approvals, CPF usage, and cash outlay. The OTP typically requires a 5% down payment (less the booking fee already paid) and must be exercised within 14 days.
Step 6: Exercise the Option and Finalize the Purchase
After signing the OTP, you’ll need to formally exercise the option within the given period by signing the Sales & Purchase Agreement and paying the remaining portion of the down payment. Legal fees and stamp duties are also applicable at this stage, and your lawyer will assist you with completing all the necessary paperwork.
Once this is completed, your unit at Faber Residence is officially yours, and you can look forward to key collection upon completion of the development.
Conclusion
Booking a unit at Faber Residence Condo is a structured and transparent process, designed to ensure buyers make informed and confident decisions. By registering your interest early, visiting the showflat, reviewing your options carefully, and securing financial readiness, you’ll be well-positioned to secure a unit that suits your lifestyle and investment goals. With its premium features, tranquil setting, and strong location, Faber Residence is a home you’ll be proud to own for years to come.
