SINGAPORE – Lendlease is pleased to announce the highly-anticipated Phase Two sales launch of Park Place Residences at Paya Lebar Quarter (PLQ).
Park Place Residences is set to launch Phase Two sales on 7 April 2018. The showsuite will be opened to the public from 24 March 2018.
The final 219 units of Park Place Residences will be available for sale, including newly released choice units. 1-bedroom units start from $900,000 and 2-bedroom units start from $1.15 million.
Due to overwhelming demand at Phase One sales launch, Lendlease released an additional 10%, taking the overall units sold to about 50%, which were snapped up within a day in March 2017. According to Knight Frank, this outstanding result made it one of the most successful condominium launches in Singapore over the last few years.
Mr Tony Lombardo, Lendlease CEO, Asia, commented: “The strong take-up during Phase One sales is testament that discerning buyers and investors recognise the great value, superior connectivity, green spaces, convenience and quality that Park Place Residences at PLQ offers. As PLQ continues to make great progress with our first office tower topping out, and office and retail securing over 50% pre-commitment, Park Place Residences will offer them a rare opportunity to own a home in an integrated business and lifestyle hub that is right next to a transport node.”
PLQ Retail Mall and Office Towers and now over 50% pre-committed
The $3.3bn mixed-use development by Lendlease is a major integrated development including Grade A office towers, a quality retail mall, exclusive residential and over 100,000 sq ft of public green spaces within a prime location.
PLQ Mall will provide over 200 shops with quality retail, entertainment and food and beverage (F&B) options. PLQ will also offer a wide range of alfresco dining at PLQ Parkside along the lush green promenade, including family-friendly choices near the playground.
With PLQ mall being over 50% pre-committed, including signed leases and those under final offer, Shaw Theatres will join Fairprice Finest supermarket and Kopitiam food court as anchor tenants in the new PLQ Mall. The new theatres will have 12 screens and be equipped with the latest projection technology including digital IMAX.
“Shaw Theatres is always on the lookout for great locations for our next cineplex, and Paya Lebar Quarter is a natural choice as it checked all the boxes. It has superb connectivity, close to 300,000 residents in the primary trade area, offers us exposure to those from the PLQ progressive work spaces, and allows us to strengthen our presence in the east of Singapore,” said Mr. Mark Shaw, Director, Shaw Organisation Group of Companies.
The three Grade A office towers, with close to one million sq ft of progressive work space, are over 50% pre-committed with signed leases or those in advanced negotiations. Prospective tenants include leading corporations from the financial services, infrastructure, real estate and co-working solutions sectors, as well as a premium gym. The new offices will accommodate up to 10,000 employees at PLQ, providing a strong customer demand for the retail and residential.
Paya Lebar is Singapore’s most centrally located business and lifestyle hub outside of core city centre, with seamless connectivity to Paya Lebar’s dual line MRT interchange and just 10 minutes travel to the Central Business District and 15 minutes to Changi Airport.
PLQ is also seamlessly integrated to the wider road, bus and Park Connector Network (PCN) linking the city and East Coast. Over 400 bicycle parking spaces will also be provided to enable visitors and commuters to adopt healthier and more flexible travel options.
Together with public landscaped spaces, retail, entertainment and leisure experiences, visitors can look forward to engaging in a diverse range of activities within a green and engaging environment.
Article contributed by Lendlease.