About Park Place Residences
Park Place Residences mixed development in Paya Lebar has a leasehold tenure that lasts for 99 years. Apart from residential units, the development is also going to feature retail space in the form of a shopping mall and office units. There will be 3 towers with Grade A offices. Spread over nearly 1 million sq. ft., the area is going to offer some of the best spaces in the market for offices along with other relevant amenities.
The retail area is spread over 340,000 sq. ft. and it will be featuring a range of entertainment and dining options apart from shopping. The shopping mall has attracted a significant amount of attention. Kopitiam and NTUC FairPrice Finest have already announced their decision to be the anchor tenants for the mall. Finally, there will be a total of 3 towers that make up the residential space. The residential section is going to be called Park Place Residences. There will be a total of 429 units in the residential area.
Park Place Residences represents the creative spirit of modern Singapore. The towers occupy a prime position at the centre of this exciting and emerging neighbourhood in Paya Lebar. The condo connects the relaxed lifestyle of the east, with the bustling experience of the city. It is the perfect balance of personal sanctuary and convenient accessibility. The residences comprises 429 apartments, many with amazing city views.
Situated inside the vibrant and dynamic Paya Lebar Quarter, Park Place Residences connects you to the region’s largest retail mall, along with brilliant places to play, to dine and to simply live the life, east style
Stroll along the park connectors of this beautiful garden city, or dive into one of three exclusive pools. Hit an intensive workout at the gym, or reward your body and mind with a wellness session at the yoga deck.
Location and Convenience
- Direct access to the Paya Lebar MRT interchange which links the Circle Line and the East West Line, providing direct access to over 60 MRT stations.
- Immediate accessibility to 6 bus stops around the project with over 20 bus routes.
- Linked to the East Coast Parkway, the Pan Island Expressway and the Nicoll Highway.
- Walking distance to Katong, and abundant ethnic communities of Joo Chiat.
Park Place Residences will be located in Singapore at Paya Lebar Road and Sims Avenue. This new development will cost over $3 billion when finished. The construction was scheduled to begin in January 2016 and be finished sometime in 2018. The double lot will have three sections for resident housing. The towers will consist of 429 units of living space. The second and first section will have 14 floors of space. The third section will have only 13 floors available. There will be plenty of designated entertaining areas to accommodate the other unique qualities of the development.
Park Place Residences Unit Mix
There’s simply no other neighbourhood in Singapore like the east. Your home in the city, Park Place Residences brings the best to your doorstep with unprecedented connectivity.
Park Place Residences Condo Paya Lebar Quarter
The Paya Lebar MRT interchange is readily available to access the shopping stores. A bus is available for transportation needs with over 20 different bus drop off locations. In 2017, Singapore Post Centre will be open for business. Residents at Park Place will be able to shop online or in person. If online ordering is needed; individuals at Park Place Residences can have their merchandise delivered to their door. The One KM Mall, City Plaza, and Tanjong Katong Complex are close by for a fun and enjoyable shopping experience. The Tanjong Katong Complex is one of the oldest, historic malls in Singapore. Along with the numerous shopping facilities located in the mall; it is equipped with a grocery store for convenience.
Park Place Residences nearby Shopping and Education
The City Plaza is located on the shore of the east side of Singapore. It is near hotels and restaurants for customers to enjoy. There are numerous unique, and vintage shops that have items that cannot be found in other stores. People enjoy browsing at the different types of merchandise that they may have never experienced before. The schools in the area are close to Park Place Residences. There are Geylang Methodist Primary School, Geylang Methodist Secondary School, and Tanjong Katong Girl’s School. These educational facilities are highly awarded and have excellent academics. The children will enjoy their learning experience at these wonderful schools in Singapore.
The residences have top notch designs. The serenity is a wonder to other developments in the region. There are crystal clear swimming pools surrounded by an ambrosial of the landscape. The pools have luxurious sun decks where residents can relax after a day’s work. Other luxuries that will be made available are spacious functional rooms, fitness rooms, meditation areas, and barbecue sites for family picnics. A life of comfort and privilege awaits you in Park Place Residences, Singapore.
Lendlease, one of the top property developers in Australia, had formed a consortium with Abu Dhabi Investment Authority to bid on the Paya Lebar mixed development project. They managed to win the sale with a bid of $1.67 billion. This amount can be translated into $942.55 per square foot. This bid was termed by many experts to be aggressive and highly optimistic. Be that as it may, the fact was that Lendlease had just completed another regional hub when the sale took place in 2015. This hub was Jurong East where the company had been responsible for the creation of the Jem office and retail project. As such, its confidence in being able to deliver another hub was certainly high. It now seems that the confidence was entirely justified.