Park Place Residences

Park Place Residences Condo In Singapore Near Paya Lebar MRT.

Park Place Residences Details

Project Name Park Place Residences at PLQ
Developer Name Developed by Lendlease Developer: Milano Central Pte Ltd, Roma Central Pte Ltd, Verona Central Pte Ltd
Correspondence Address 60 Anson Road #17-01, Mapletree Anson, Singapore 079914
Developer’s LicenseC1192
Description Proposed mixed-use commercial development comprising 1 block 7 storey cum 2 basements shopping mall with 3 basements carparks (total 3 strata units), 2 blocks 14 storey and 1 block 13 storey offices (total 5 strata units), 3 blocks 17 storey residential flats (total 429 units), 1st storey retail, 3 nos drainage reserves, multi-storey carparks with airspace/subterranean connections across Sims Avenue on lot (s) 6991M, 70006P , 7373T & 80007T MK23 at Paya Lebar Road main plan
District 14
Address2, 6, 8 Paya Lebar Road, Singapore 409053 / 409055 / 409056
Expected TOP Date31 December 2020
Expected Legal Completion Date31 December 2023
Tenure of Land Leasehold tenure of 99 years commencing from 29 June 2015
No. of Units 429 units

Site Plan
park place residences Site Plan

Park Place Residences Condo

 

Park Place Residences Condo In Singapore Residents don’t have to travel further for retail needs as Paya Lebar Quarter, Katong Shopping Centre and Tanjong Katong Complex. Some of the upcoming shopping establishments are Paya Lebar Square, Pavilion Square, and Sports Hub Retail Mall. In addition to these, there are also other entertainment and dining areas that residents should look forward to in the future provided that the Park Place Residences Condo In Singapore which is the residential development of Paya Lebar Quarter is near some of the public means of transportation and is conveniently located to some of the immediate needs of residents, enjoying connectivity to the city is no longer a problem. If you like to enjoy the comfort and convenience that this residential development has to offer, do not miss getting a unit and be one of the future residents of the establishment. The Paya Lebar Quarter has continuous developments going on that can make the area a more suitable place where people can live a comfortable lifestyle, play and work. What the Park Place Residences Condo In Singapore really boasts to its future residents are the future developments that abide by the decentralisation strategy of the government. The development is among the establishments that will make the homes of employees nearer to their working place.Park Place Residences Condo In Singapore could be a spick-and-span mixed development property that’s placed at the centre of Paya Lebar Road and conjointly Sims Avenue in District fourteen, Singapore. This property that contains residential, business and workplace is developed by the popular developer Roma, Milan & city Central Pte Ltd when they won the best attainable bid for paya lebar central plot one and a pair of. Park Place Residences Condo In Singapore offers residential units that varies otherwise bu heap of rooms. every unit is elegantly developed with a trendy layout to ensure that the longer term voters can have the dream home they continuously meant to own. The high-end finishing is stressed by the progressive quality home appliances that allow future residents to own a cushty living space ideal for his or her chosen approach of living. every unit is embellished with the ancient interior that promotes stateliness compared with varied different residential properties.Latest info of Park Place Residences Condo In Singapore on Price, Floor Plan, Sales Promotion Contact us:+65-96319811

Park Place Residences Condo

The commercial area is said to be around 40,000 square metres and will mainly include a shopping mall, restaurants and various services. LendLease, being known as the developer for JEM, Parkway Parade and 313@Somerset has maximised their efforts here at Paya Lebar Quarter. As a big player in commercial developments, they have stayed in the industry and has sustained their portfolio impressively well. We expect that Paya Lebar Quarter will be a mall where families, working individuals and even tourists will have a good time and will find how much convenience there is in this mixed development. From shoppes to grocery buying or having a quick bite before going home, all these take minutes and before you know it, you are already relaxing and taking your well-deserved rest in your unit. Forgot something? Just take a few steps and do your quick errand, problems and issues can be solved in mere seconds. Whatever you need to do, you will find it at Paya Lebar Quarter with ease.Find the other New launch condo, Appartments are  Grandeur Park Residences,Siglap Residences.

Location Map
park place map location

Park Place Residences Condo location is in Paya Lebar Quarter, at the corner of Paya Lebar Road & Sims Avenue. It is very conveniently positioned right next to Paya Lebar MRT station, in the nook of the 2 arms of the interchange that joins the East-West and Circle Line MRT stations. Paya Lebar Quarter will have direct access to both arms of the MRT Station , at the basement as well as ground levels. This location is also in the heart of the Paya Lebar Commercial Hub, undergoing urban regeneration as one of 4 regional centres identified under the URA Master Plan, to decentralise Singapore’s commercial and business districts.

Park Place Residences Location – Highlights The Park Place Condo In Singapore location is on the city fringe, just 10 minutes drive off-peak into the Raffles Place CBD, Marina Bay, and Orchard Road. Paya Lebar Regional Centre promises to be one of the most exciting growth areas, given its proximity to town, and yet untapped potential. Paya Lebar Square was just the start; Paya Lebar Quarter will expand the transformation. The whole landscape will be changed, making this one of the most fun and interesting places to hang around in. Being such a sizeable mixed development, Paya Lebar Quarter will have everything for the residents of Park Place Condo In Singapore offices to work in, a huge retail mall for shopping,outlets supermarkets, and lifestyle products entertainment outlets for play. On top of all that, residents have immediate access to an MRT Station , which offers direct connectivity as well to over 60 other stations on the East-West & Circle Lines. In fact, the Circle line has the advantage of joining to every other line, so they are literally only one connection to everywhere else in Singapore. The Paya Lebar Quarter location is in a culturally rich and diverse area. It is next to Joo Chiat and Katong, home to some of the most established food havens. Travel time from Park Place Condo In Singapore 15 minutes MRT train ride to Raffles Place on the East-West Line. 18 minutes MRT train ride to Esplanade on the Circle Line. 20 minutes MRT train ride to Dhoby Ghaut on the Circle Line. 10 minutes drive off-peak to the CBD. 15 minutes drive off-peak to Changi International Airport. 0.6km to the exit to the PIE (Pan Island Expressway).

Contact us for Park Place Condo In Singapore Floor Plan, Showflat Location, VIP Preview Price.Floor Plan, Showflat Location, VIP Preview Price.

Park Place Residences Floor Plans

Floor Plans for Park Place Condo In Singapore

Nearby shopping centres make it enjoyable for the whole family because there are a wide array you may choose from for your shopping adventures and they include City Plaza, One KM Mall, and Tanjong Katong Complex. This area also has a Singapore Post Centre. This residential community invites international people from all across the globe. It is a great area for singles, couples, families, business owners, executives, retirees and more. The business district is close by and so is dining facilities, theatres, shops, spas, sport complexes, live entertainment and more.

Additional Information

Paya Lebar Central site draws massive bid of S$1.67 billion

Singapore has become one of the world’s most desired places to the Real-Estate investors and big companies from the international sphere are dying to grasp a portion of the future promising venture.Despite the fact that there are several hot sites in Singapore to invest as far as commercial real estate is concerned, the land parcel at Paya Lebar Central is extremely exquisite and irresistible for property developers prospecting for future revenue.LendLease submitted the highest bid of S$1.67 billion ($942.56 psf ppr), slightly edging the next highest bid by only S$76 psf ppf. Although the media referrers LendLease, bullish, aggressive or rather optimistic, this is actually a propaganda. LendLease had earlier safeguarded its reputation when it had an exceptional experience in Jurong East, where it founded JEM retail and office development at Jurong East. An alleged tiding from the media indicates that LendLease might be interested to welcome renowned partners to this mega upcoming Paya Lebar Central project, which guarantees adequate space for airspace and a magnificent establishment. The land sales has attracted a total of six influential companies originating from Singapore and international levels (such as Hongkong real-estate tycoon Mr Li Ka-shing’s involvement).

Paya Lebar Central Site Map from URA

 Some of the magnificent benefits of the Paya Lebar site includes the strategic positioning; direct connection to the East –West & Circle line MRT station and halfway situated between the Central Business District (CBD) and Changi Airport regions.Notwithstanding the fact that Singapore property investment has scaled up to an international sphere, vast number of land property business men have yet to comprehend the hidden truth about the future commercial investments. After evaluating the top bid and lowest submitted for the project, it clearly depicts inadequate skills on the current Singapore market. When comparing to Jurong East, Paya Lebar Central has superior fiscal future benefits, and it is feasible for the project to stipulate first-class value as elucidated by Mr. Ong, JLL national director.The sale site at Paya Lebar consist of 4 separate plots; 2 individual land parcels, 1 underground zone and airspace. Based on calculations, it can be developed into a maximum GFA (gross floor area) of 164,794 sqm (approximately 1.77 million sqft), and at least close to 55% of the area has to be used for office spaces. The remainder of the GFA can be used for other purposes, such as retail, F&B, entertainment and even for residential.LendLease has accrued incontrovertible experience in Singapore Real Estate market for more than forty years, and for sure having full cycle knowledge on the future benefits associated with the transformation plans for Paya Lebar CentralSINGAPORE – A highly-anticipated tender for a large mixed-use site in Paya Lebar surprised analysts with a particularly bullish top bid of $1.672 billion on Tuesday.

Roma Central, Milano Central and Verona Central – units of Australian property developer LendLease – lodged the bumper bid, which translates to a price of $943 per sq ft (psf) per plot ratio (ppr). That trumped market expectations of a top offer between $1.24 billion to $1.51 billion – or $700 psf ppr to $850 psf ppr.LendLease’s bid for the 3.9 ha site was 8.8 per cent higher than the next highest offer of $1.54 billion – or $867 psf ppr – from a consortium comprising Singapore Press Holdings, Keppel Land and Hong Kong tycoon Li Ka Shing’s CK Hutchison Holdings.The parcel, which comprises two plots separated by Sims Avenue, has a potential gross floor area of 1.78 million sq ft. The new development can have up to 969,000 sq ft of GFA for offices, a maximum of 419,800 sq ft for retail shops and an additional 10,800 sq ft for an outdoor “public plaza”. The developer also has the option of building 440 residential apartments or serviced residences.The new project will be linked to the Paya Lebar interchange and MRT station.In July 2011, the site had gone on offer although as a smaller plot of 2.07 ha. UOL Group was the only one who bid, offering a number of $529.5 million which was subsequently rejected for being “too low.” This time round, it did not throw its hat into the ring.

Lendlease-ADIA to include 429 apartments in Paya Lebar project

The consortium comprising Lendlease and Abu Dhabi Investment Authority (ADIA) that last year bagged a plum site in Paya Lebar Central, has obtained provisional permission from Singapore’s planning authority to build a project that will comprise offices, retail space as well as 429 apartments.Going by market talk, the apartments are expected to be launched for sale probably next year.This will mark the first time the Australian group will be developing homes in Singapore. It has been operating here for more than four decades.The Urban Redevelopment Authority (URA) granted provisional permission last month for the developers to build a project that will have 91,340 square metres (983,175 sq ft) gross floor area (GFA) of office space and 43,740 sq m (470,813 sq ft ) of retail space in addition to the 429 apartments.The project is expected to be completed, that is, receive Temporary Occupation Permit in 2018, according to fourth quarter 2015 property market data released by the URA recently.When contacted, a spokesman for Lendlease said that the apartments will be in three towers. ” . . . Lendlease is confident that the . . . project will rejuvenate the precinct when it is completed,” he added.Word on the street is that CBRE and JLL have been appointed as leasing agents for the office space. Given its experience in the Singapore retail market, Lendlease will probably market the retail space itself.The Lendlease-ADIA consortium was the highest bidder for the 99-year leasehold site at a state tender that closed on March 31, 2015. Its winning bid of S$1.67 billion worked out to S$942.56 per square foot of potential gross floor area.

The site comprises four plots – two land parcels, an underground area and an airspace. The site can be developed to a maximum GFA of 164,794 sq m (about 1.77 million sq ft). Of this, at least 90,000 sq m (968,751 sq ft), amounting to nearly 55 per cent of total GFA, has to be for office use. The project will boast direct connection to both the Paya Lebar East-West Line and Circle Line MRT stations .Lendlease has a 30 per cent stake in the consortium developing the project, while ADIA holds the majority 70 per cent.According to a previous article, the Abu Dhabi sovereign wealth fund (SWF) is said to be an investor in the Asian Retail Investment Fund (ARIF) managed by Lendlease.ARIF I has a 75 per cent stake in the Somerest mall in Orchard Road, while ARIF III owns 75 per cent of the Jem office and retail development in Jurong East.ADIA is also understood to have invested in BlackRock-managed funds that developed the Asia Square project in the CBD.The SWF also previously held a 49 per cent direct stake in AXA Tower along Shenton Way in addition to being one of the investors in a BlackRock-managed fund that had owned the other 51 per cent in the circular office building opposite Tanjong Pagar MRT Station. They sold AXA Tower to a consortium led by Perennial Real Estate Holdings last year for S$1.17 billion.Lendlease is an integrated property and infrastructure group that has operated in Singapore since 1973; its capabilities span the entire property spectrum – development, investment management, project management and construction, and asset and property management.The URA’s Q4 2015 data also showed that MCL Land, a unit of Hongkong Land, obtained provisional permission in October for a 710-unit condo along Jurong West Street 41. The project’s name is Lake Grande.

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  MRT Stations Near Park Place Residences

  • Paya Lebar MRT 
  • Aljunied MRT 
  • Macpherson MRT

 Expressway Nearby Park Place Residences

  • Pan Island Expressway (PIE)  ·         
  • East Coast Parkway (ECP)      ·         
  • Kallang-Paya Lebar Expressway (KPE)
  • Central Expressway (CTE)
  • Nicoll Highway

 Shopping Mall Nearby Park Place Residences

  • One KM Mall          
  • i12 Katong Mall       
  • Parkway Parade
  • Kallang Wave Mall

Chinese developer MCC Land received the URA’s provisional nod in December for a condo project of 626 units along Tampines Street 86.Mean while, Gem Homes, the shareholders of which are Malaysia-listed group Gamuda, Evia Real Estate (7) and Maxdin, received provisional permission in November to develop a 578-unit condo in Lorong 5 Toa Payoh. When contacted, Evia Real Estate managing director Vincent Ong said that the project is slated for release in late April or early May; the average price will be S$1,480 PSF. The development will have two 38-storey towers.The project was slated for launch in late March, but this has been delayed after the authorities turned down an earlier proposed name; the developers are now awaiting approval for a new name that they have proposed for the 99-year leasehold project.BEST pricing with us. Call: +65-96319811 .