Singapore has seen some development in the businesses over the years. The area that is currently being developed is the Paya Lebar Quarter. This area was leased to the Abu Dhabi Investment Authority and this group is looking to expand the area and make it profitable for businesses and residential use.

Project Name Park Place Residences at PLQ
Developer Developed by Lendlease
Developer: Milano Central Pte Ltd, Roma Central Pte Ltd, Verona Central Pte Ltd
Correspondence Address 60 Anson Road #17-01, Mapletree Anson, Singapore 079914
Location 2, 6, 8 Paya Lebar Road, Singapore 409053 / 409055 / 409056
District 14
Tenure Leasehold tenure of 99 years commencing from 29 June 2015
No. of Units 429 units
Expected TOP Date 31 December 2020
Expected Legal Completion Date 31 December 2023
Unit Type Est. Unit Size (sqft) % of No. of units
1 Bedroom 500 – 600 27%
2 Bedroom 650 to 900 55%
3 Bedroom 1,050 – 1,350 18%
Total

Park Place Residence Paya Lebar MRT

The developer is looking to add a number of condos to the Paya Lebar Quarter area. They are looking to turn this area into a centre for business as well. This area is set to become one of the main commercial centers in all of Singapore. When developers come in and add work and a number of store people will want to live in this area. There will be an increased demand for residential housing as well.

Park Place Residences Condo

Right now the investment group from Abu Dhabi has gotten permission to put together a number of projects and office space. They are also allowed to put up to 429 flats for residential use in addition to the business centers that are going to be added. The apartments are being developed and they will be ready for sale soon. The project is projected to be finished as early as 2018. The group is looking to get a Temporary Occupant Permit at this time. This will allow them to sell the flats to people in this area. There are expected to be three towers in which the flats will be available in. There will also be some space for retail stores and other businesses in these towers. The lease will run for a period of 99 years.

Park Place Residences Condo Lend Lease

Singapore has seen a lot of development in the past decade or so. The Paya Lebar Quarter is set to become another big development that will continue to attract businesses, residents, and tourists to come and visit this area.