Park Place Residences

Park Place Residences in Paya Lebar Central

WILL LENDLEASE SUCCESS

With Their First Residential Project in Singapore with

PARK PLACE RESIDENCES?

Park Place Residences by Lendlease Developer
park-place-residential-in-paya-lebar-quarter

In October 2016, Lendlease has unveiled the plans for Paya Lebar Quarter mixed development, which consists of 3 grade A office towers, a retail mall with about the size of 3.5 times the retail podium of Paya Lebar Square, and 3 residential towers – Park Place Residences which comprises of 429 apartments, positioned within a generous and lush public space.

Despite the developer, Lendlease may not be familiar to most people, but they are giant and strong track record at the international level as well as the commercial developments in Singapore.

I’m sure that you have visited their shopping malls before, namely JEM, 313@Somerset and Parkway Parade.

In addition, Lendlease is also the developer of Tun Razak Exchange (TRX) in Kuala Lumpur and many other private residential developments in London, US and Melbourne.

Park Place Residences

Located in the booming commercial hub in the Central East of Singapore, Park Place Residences is the private residential development within part of the Paya Lebar Quarter integrated development in Paya Lebar Central.

Park Place Residences consists of 3 residential towers which will yield 429 luxury apartments, with 13 to 14-storey height.

The construction of Park Place Residences was commenced in January 2016 and expected to be completed in 2018 or latest by 2019.

An entire floor of cinema will be on the top floor of the 7-storey Paya Lebar Quarter shopping mall which is integrated to Park Place Residences.

Park Place Residences

Project Detail

Project Name Park Place Residences
Developer Lendlease and Abu Dhabi Investment Authority
Address Paya Lebar Road / Sims Avenue
District D14 Paya Lebar / Eunos
Property Type 3 grade A office towers with close to 1 million square feet of best-in-class office space and amenities, a standalone mid-to-mid plus retail mall with over 340,000 square feet of shopping, dining and entertainment options and 3 residential towers comprising 429 apartments, positioned within a generous and lush public space.
Tenure 99 Years Leasehold
Total Units 429
Unit Mix 1 Bedroom (500-600 sqft)
2 Bedroom (650-900sqft)
3 Bedroom (1,050-1,350sqft)
Expect TOP Date 2020

Park Place Residences within The Development of Paya Lebar Quarter

Park Place Residences Site Plot 1
Park Place Residences Site Plot 2
Park Place Residences in Paya Lebar Central

Paya Lebar Quarter offers 3 grade A office towers with close to 1 million square feet of best-in-class office space and amenities, a standalone mid-to-mid plus retail mall with over 340,000 square feet of shopping, dining and entertainment options and 3 residential towers comprising 429 apartments, positioned within a generous and lush public space.

The prime residence towers known as Park Place Residences.

paya-lebar-quarter-model

The developer of Park Place Residences is an international developer with a strong track record in urban regeneration projects around the world – Lendlease.

Lendlease’s vision is to create the best places that meet the needs of the people who live and work there by curating seamless connection between people and places.

  • Paya Lebar Quarter is situated at the junction between Paya Lebar Road and Sims Avenue.
  • The site consists of two adjacent land parcels with total 4 hectares land size  
  • Construction has been commenced in January 2016
  • Completion expected to be in 2018 or 2019
  • Total of 7 buildings across the two land parcels
  • 3 towers which host 429 units private residential
  • Prime retail destination with a retail mix geared towards mid-to-mid plus retail and entertainment options
  • Three Grade-A office towers with 900,000 square feet (almost twice the size of Paya Lebar Square office space) integrated with retail and MRT station 
  • Towers 1 and 2 will have 14 floors each while Tower 3 has 13 floors.
  • Over 340,000 square feet (almost 3.5 times the size of Paya Lebar Square retail space) of retail space
  • 7-storey retail mall with cinema and entertainment at the top floor  

Where is Park Place Residences exactly located?

Park Place Residences location
park-place-condo-location-map

Seamless Connectivity at PARK PLACE Residences

  • 10 minutes to the Central Business District and 15 minutes to Changi Airport by car
  • Direct access to the Paya Lebar MRT interchange which connects the East West Line and the Circle Line, providing direct access to over 60 MRT stations
  • Immediate access to 6 bus stops around the project with over 20 bus routes
  • Connected to the Pan Island Expressway, the East Coast Parkway and the Nicoll Highway
  • Walking distance to rich cultural communities of Joo Chiat, and Katong 
Destination Walk Public Transport *
(MRT / Bus)
Private Transport
(Car / Taxi)
Paya Lebar MRT Station 1 min - -
Nex (Serangoon Central) - 8 min 5 min
Changi Business Park - 19 min 8 min
Central Business District (Raffles Place) - 14 min 8 min
Marina Bay - 16 min 8 min
Orchard - 18 min 9 min
Jurong East - 40 min 10 min

Park Place Residences

School Nearby

Primary Schools
  • Kong Hwa School (within 1km)
  • Geylang Methodist Primary school
  • Eunos Primary School
  • MacPherson Primary School
  • Maha Bodhi School
  • Canossa Convent Primary School
  • Tanjong Katong Primary School
Secondary Schools
  • Tanjong Katong Secondary School
  • MacPherson Secondary School
  • Tanjong Katong Girls’ School
  • Broadrick Secondary School
  • Manjusri Secondary School
Junior Colleges
  • Victoria Junior College
  • Saint Andrew’s Junior College
Tertiary Institutions
  • Temasek Polytechnic

Park Place Residences

Price

park-place-residences-showflat
Photo Credit:  Real Stickerman

Park Place Residences is expected to be the blockbuster new launch in Singapore next year 2017.

In April 2016, Lendlease won the bid for the mix use land parcel at Paya Lebar Road / Sims Avenue at$1.67 billion.  This figure works out to be $943 psf on the gross floor area.

The nearest competitor is Sims Urban Oasis by GuocoLand. The average price of  transacted sale in the past 6 months indicates $1,405 psf.  Being one of the rare integrated developments in Singapore, the average launch price is estimated to be $1,600 psf.

paya-lebar-quarter-progress

Park Place Residences

Gallery

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Park Place Residences Overall rating: ★★★★★ 5 based on 4 reviews
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