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Thread: Paya Lebar Quarter

  1. #1

    Default Park Place Residences Soon to be available along Paya Lebar Central

    From renowned developer Lend Lease, a unique residential development will soon to greet at Paya Lebar. Introducing New Launch Park Place Residences, a condominium project where comfort is visible in every corner of about 440 units of exclusive homes.

    Park Place Residences is the residential portion of Park Lebar Quarters. With commercial and business space within the compounds, working individuals and future residents will find how much convenience is within the embrace of one welcoming environment.

    Call Showflat Hotline: 6100 8806 for more information now.



  2. #2

    Default

    http://www.parkplace-residences.com.sg/



    Park Place Residences is situated at the junction of Sims Avenue and Paya Lebar Road

    The site consists of two lots that are adjoining
    development worth is at an estimated SGD$3.2 billion
    Site region 4 hectares
    Building commenced in January 2016
    Completion anticipated 2018
    3 residential towers consisting of 429 Units
    Prime retail destination with a retail combination geared towards mid-to-mid plus retail and entertainment choices
    While Tower 3 has 13 floors Towers 1 and 2 will have 14 floors each.
    6 floors plus a flooring with theatre and other entertainment offers



  3. #3

    Default Park Place Residences Set to be Part of the Paya Lebar Central

    With estimated 440 residential units varying in sizes, Park Place Residences at Paya Lebar Central have been planned to accommodate the need for useful living space.

    The main selling point of Park Place Residences Showflat is the privilege of enjoying serene living at the same time, have a retail shops conveniently placed within the doorstep of their own home. It is also is conveniently connected to other retail hub, such as One KM and City Plaza.

    For more information, Call Showflat Hotline: 6100 8806.



  4. Default Park Place Residences



    Park Place Residences the most highly anticipate project in 2017. Park Place Residences a mix-use development located along Paya Lebar Road / Sims Avenue. Park Place Residences will be jointly developed by Landlease and Abu Dhabi Investment Authority.

    Park Place Residences Location is just mere 5 mins walk to Paya Lebar MRT Interchange which connects the East-West Line and Circle Line, giving direct access to over 60 MRT Station. Besides having good connectivity by MRT, it is also very well connected by lots of regional bus routes which travel to over 40 over locations in Singapore.

    There is also lots of other amenities being able to be found around Park Place Residences like One KM Mall, Tanjong Katong Complex, and City Plaza. You can even enjoy the rich cultural communities that are readily available along Katong and Joo Chiat where Geylang Serai Market is located.

    Park Place Residences will have 3 Towers of 14 floors Grade-A Office integrated with a stand alone building consisting of 6 storeys of retail and F&B. Furthermore, there will be a floor dedicated to a cinema and many other entertainment options.

    Park Place Residences comprise of 429 units with a good mix of One bedroom to Four bedrooms There will be also a lot of garden space to beautify the place with a river running thru Park Place Residences.

    Park Place Residences Floor Plan and Design will the most effective layout you will see. It will belay with lovely shiny flooring. The bedroom will be one of the most tasteful design.

    Park Place Residences will be a rare property that you can own which is located right in the heart of Singapore Key Growth Area. It will also be developed by prestigious developers from Australia and Abu Dhabi.

    New Launch Property



  5. #5
    Join Date
    Nov 2015
    Location
    Duo Residences
    Posts
    273

    Default

    The launch is going to be this Saturday 25th March 2017. Though prices are not confirmed, it should be about $1,700-$1,900+psf onwards for a one bedder upwards.

    I think this development has taken 3 important ticks from me as an investor. Transformational or first mover advantage in terms of this relatively quiet and undeveloped district 14. Second, good entry price for headroom growth with about $850K indicative price for a one bedder with premium fittings and good use of space. It is really squarish in its layout like Marina One. Not many know that the majority investor for this development is ADIA (close to US800billion in assets under management) which ranks a few notches up from GIC. ADIA hires some of the brightest minds in the world to invest on their behalf and they chose to pick Paya Lebar of all places. Land Lease I am not so sure after Jem at Jurong East but 313 and Parkway they did a pretty good job. I see them better managers of commercial properties. The consortium hired DP Architect to do this. They are the best in this business locally.

    Back to this development....

    The whole stack facing the West sun is a odd facing to me (maximise 24% residential land use versus back facing the river flowing through it) but perhaps the Aussies and UAE love the sun too much? $3.2bn development in an area earmarked for decentralised CBD for the future is a 3rd tick. Commercial units cannot be bought and they are Grade A. These will undercut CBD and even the likes of Duo Tower going for $8psf for 3 years. Tenant mix will be quite selective, same for shopping units which are leased. Tenant mix are crucial to prop up this area to the next level. Paya Lebar Square chose the other way, the tenant mix is quite 'unique'. Their positioning is different but the site where it sits on is superb.

    https://www.ura.gov.sg/uol/master-pl...commercial-hub

    I have submitted a ballot for this development but chances are very slim. I expect the turnout to be close to Duo Residences back in 2013. Over subscribed by over 3X. This round the units are even lesser than Duo Residences.

    2 cents,
    PropVestor



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