Park Place Residences

Park Place Residences – a new mixed development by Lendlease.

The land that Park Place Residences sits on is just one part out of the mega mixed development which will transform the whole empty land right next to Paya Lebar Mrt Station. Lendlease has bidded this massive land at a cost of $3.2 billion, equivalent to the size of eight football fields.

With a gross floor area of 1.8 million square feet, the land will comprise of commercial office space (55 per cent), vast retail mall and 3 residential blocks – Park Place Residences.

Location

Paya Lebar has a really good connection to transport. It is a MRT Interchange of the East West Line and Circle Line and is also near to the Pan Island Expressway that connects to the city centre.

Investors will be delighted to find that Park Place Residences shall be surrounded by a 7 storey, 340,000 sqft retail mall, featuring about 200 stores and cinemas. NTUC Fair Price Finest and Kopitiam shall be the first 2 anchor tenants occupying 22,000 sqft and 15,000 sqft respectively.

Park Place Residences

Park Place Residences will comprise of 429 residential units, 17 storeys high, with 1 to 3 bedroom. The expected TOP will be in the first half of 2019.

park-place-residences-paya-lebar-quarter-set-to-transform

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