As part of the plan to transform the Paya Lebar Quarter into a regional hub, this 3.2 billion Singaporean dollar mixed-use project comprises residential, office, retail and commercial spaces will be built by the reputable developer, Lendlease. This was announced on Monday October 17.
This Paya Lebar Quarter is a 3.9-hectare mixed development will be strategically located on top of the Paya Lebar MRT station. This will include a 340,000-sqft shopping mall with Kopitiam and FairPrice Finest as its anchor tenants.
The three Grade A office towers will provide about 1 million square feet of office space. Other than a cycling path, great facilities such as bicycle storage, showers, and lockers for tenants will also be included, in line with Singapore’s vision and hope to be a car-lite city, according to Lendlease.
The residential part of this land parcel, which will be called the Park Place Residence, was scheduled to launch next year and this will consist of three towers with 429 apartment units that range from 1- to 3-bedroom units.
Paya Lebar Quarter will be completed in phases. The residential part of this development is expected to be completed in the first half year of 2019, while the remaining commercial and retail part will be in the second half of 2018.