9 March 2017, Singapore – International property solutions provider Lendlease today announced that the highly-anticipated Park Place Residences at PLQ is targeting to launch on 25 March 2017. The condominium is part of the centrally located mixed-use development, Paya Lebar Quarter, which also includes a retail mall and three office buildings. Lendlease also unveiled prices of the units, with 1-bedroom units starting from $780,000. Residents can look forward to a seamless, integrated and progressive lifestyle experience, enhanced by an array of services that will be provided by the condominium.
The showsuite will be open to the public from this Saturday, 11 March 2017.
Residents of Park Place Residences at PLQ can look forward to great doorstep convenience as part of the entire integrated development. With direct accessibility to Paya Lebar MRT Interchange, the excellent transport connectivity can be best represented by the numbers “2266” – a 2-minute walk to 2 MRT lines, 6 stops to Central Business District and 6 stops to Changi Airport. In addition, the almost 4-hectare Paya Lebar Quarter precinct will be a key catalyst to the Urban Redevelopment Authority’s masterplan to transform the 12-hectare Paya Lebar Central into a regional business hub.
Given these strong project attributes, the 429-unit condominium is attractively priced: 1-bedroom apartments, which comprise 117 units, will be priced from $780,000. 234 units of 2-bedroom apartments – the unit type with the highest proportion – will be priced from $1 million. There will be 78 units of 3-bedroom apartments, and they will be rolled out at a starting price from $1.6 million.
25 March 2017 will mark the first phase of sales for the project. While Lendlease is putting up all units of Park Place Residences at PLQ for selection, it is intending to sell about 40% of its stock as part of its first release. The decision on units to be released will be made once Lendlease has assessed market demand. Lendlease shared that they plan to retain the remaining units and release them in tandem with future announcements about the integrated development. Such announcements include upcoming news of the commercial towers, retail mall, as well as the larger Paya Lebar Central area.
Mr Richard Paine, Managing Director of Paya Lebar Quarter, said, “The prices of Lendlease’s residential developments globally have historically been the lowest during the first phase of sales launches. This has resulted in early investors benefitting from the rising value of our developments. Park Place Residences at PLQ is not subject to the Additional Buyer’s Stamp Duty (ABSD) rules as it is located within a commercial zone. The condominium is part of an integrated development that has strong project attributes. We are confident that units will translate into long-term investment opportunity and yield great returns in the long run for buyers.’’
At the showsuite, in addition to being able to view the physical show units of the one, two and three-bedroom units, visitors can also use the virtual reality (VR) technology available to take a 3D virtual tour around the Paya Lebar Quarter precinct. This includes experiencing the connectivity to the retail and office components, the public realm as well as how the development links to the Paya Lebar MRT interchange.
An integrated, seamless and progressive lifestyle
Park Place Residences at PLQ has been awarded the Building and Construction Authority (BCA) Green Mark Award (Platinum). With this, residents can be assured of a sustainable environment that enhances comfort, health and well-being, as well as reduced utility bills through energy and water efficient designs.
As part of Lendlease’s commitment to enhance the lifestyle experience, residents will be able to enjoy car-sharing services offered by the precinct. The car sharing-vehicles will be located within the Paya Lebar Quarter retail mall carpark. Residents who wish to use a car will simply have to make a reservation on the appointed car-sharing provider’s website. On top of the strong transport accessibility and connectivity, the car-sharing service will also provide an alternative transport option for residents of Park Place Residences at PLQ.
Furthermore, Lendlease is conceptualising a mobile application which will add to the seamless lifestyle experience for residents. The intent of the Paya Lebar Quarter Integrated Application is to offer residents seamless maintenance payment options, on-demand services, as well as the ease of booking facilities with a few taps of their phone.
The Park Place Residences at PLQ showsuite will open from 11 to 20 March 2017.
Park Place Residence
1-bedroom unit: Living, Dining, Kitchen
1-bedroom unit: Living, Dining, Kitchen
2-bedroom unit : Living, Balcony
2-bedroom unit : Dining area
2-bedroom unit: Bedroom 2
3-bedroom unit: Living, Dining
3-bedroom unit: Master Bedroom
3-bedroom unit: Kid’s Room
3-bedroom unit: Service Yard
Lendlease is a leading international property and infrastructure group. We are listed on the Australian Securities Exchange with 12,000 employees worldwide. Our capabilities span the entire property spectrum – development; investment management; project management & construction and asset & property management – and our expertise covers multiple sectors including commercial, life sciences, residential, retail, hospitality and education.
Lendlease’s vision of creating the best places – places that meet the varied, nuanced and personal needs of the people who live and work there – is achieved by curating an indelible connection between people and places.
We create innovative, sustainable and quality property solutions, forging partnerships and delivering value to clients, investors and communities. Through design and investment in new technologies, we are delivering the next generation of sustainable property solutions. Safety is our number one priority and we are committed to operating Incident & Injury Free.
For more information about Lendlease, please visit www.lendlease.com.
We are known as 联实 in Chinese.