Park Place Residence is a 99-year Leasehold residential development located at Paya Lebar Road in District D14.
Park Place Residence, the residential development under the project Paya Lebar Quarter, is lead by Lendlease with the vision of creating the finest places – places that match the private, nuanced and diverse needs of the people that reside and work there – is reached by curating an indelible link between individuals and places.
The 429-unit Park Place Residences, comprising one-to three-bedroom units, will be completed in the first half of 2019. The office and retail elements are expected to be completed in the second half of 2018. The residential blocks will have 17 storeys, including four floors of carpark.
Park Place Residence, the residential development under the project Paya Lebar Quarter, is lead by Lendlease with the vision of creating the finest places – places that match the private, nuanced and diverse needs of the people that reside and work there – is reached by curating an indelible link between individuals and places.
The 429-unit Park Place Residences, comprising one-to three-bedroom units, will be completed in the first half of 2019. The office and retail elements are expected to be completed in the second half of 2018. The residential blocks will have 17 storeys, including four floors of carpark.
Tantalising new details have been unveiled about the massive $3.2 billion mixed development that will transform the area right next to Paya Lebar MRT station. The mega project, Paya Lebar Quarter, comprising office space, shops and private housing, will be spread across seven buildings on land the size of eight football fields.
Paya Lebar Quarter is being developed into a vast retail mall, three office towers and three residential blocks. The 340,000 sq ft retail mall will feature about 200 stores and cinemas over seven floors. About 30 per cent of the tenants are expected to be food and beverage operators. Two anchor tenants are confirmed; Supermart NTUC FairPrice Finest, to occupy over 22,000 sq ft, and foodcourt Kopitiam, with 15,000 sq ft. It is Lendlease's fourth mall here, after JEM in Jurong, 313@Somerset in Orchard Road and Parkway Parade in the East Coast area.
Paya Lebar Central is set to become a major commercial centre at the city fringe, as part of plans by the authorities to create commercial clusters outside the city centre. The Paya Lebar Central site comprises two adjacent parcels separated by Sims Avenue and the Geylang Canal. Australian developer Lend Lease will own about 30 per cent of the joint venture, with the rest owned by its investment partner, sovereign wealth fund Abu Dhabi Investment Authority.
The decentralisation plans by authorities aims to provide jobs closer to homes, and reduce congestion and travelling times to and from the city centre.
The decentralisation plans by authorities aims to provide jobs closer to homes, and reduce congestion and travelling times to and from the city centre.
Paya Lebar Central Project is a central hub, a mixed-use development, where people can live, work and play, and minimise the reliance on car transport, ideally. The nature of the site, which has the canal running through, allows the creation of an amazing public space, public realm which we can activate for the creation of a place the community can use.
More than half of the Paya Lebar Central Project - approximately 90,000 square metres (sqm) - will be reserved for office space. Also, 29,000 sqm will be set aside for about 440 private homes and more than 40,000 sqm will be used for a shopping mall. The 3.9-hectare site has a total gross floor area of 165,000 sqm.
Park Place Residence is located near Paya Lebar MRT Station, travelling in public transport has never been so efficient. With just a few stops away from the City, Paya Lebar MRT Station is also the interchange between Circle Line and East-West Line, providing great convenience to travel around Singapore. There are also 6 bus stops around the vicinity, providing more than 20 different bus routes.
