Park Place Residences, a property developed by Lend Lease. Based on published plans, this new development that sits between Paya Lebar and Sims Avenue costs roughly $3.2 billion, and the cost can be seen in the design and the availability of features. This new property will sit on a 4-ha property, with 429 units, scattered in three towers.
Originally known as a swampy area near the Kallang River, the Paya Lebar has managed to make a dramatic turn-around, thanks to new developments in the area. It was also the commitment and new programs of the Singaporean government that helped in the transformation of the area into a potential hub for commerce and residential development. Thanks to the 1996 Development Guide Plan of the Singaporean Government, the area has been identified for conversion, and in the process welcoming new developments. One such development that will help reshape Paya Lebar will be the Park Place Residences.
Park Place Residences development in URA Master Plan.
Reserving a unit at Park Places Residences will not just property owners and investors a new address that they can call home. Having a home at the complex will also give owners the chance to access and experience another commercial center and bustling hub for commerce, thanks to the requirements set forth by the URA Master Plan. The master plan has been designed and released by the Singaporean government in the late 1990s to find new areas to develop, and to decentralize the city center. The result is the identification of new areas outside the city center, and one area is Paya Lebar where the Park Places Residences will be developed. This means that in a matter of time, residents and owners of units at the Residences can easily access commercial establishments without having to spend the rest of the day driving.
Also, residents of Park Places Residences will discover that the city center is just a few minutes away, through the MRT. For example, the Raffles Place MRT interchange station is just a few minutes away from Paya Lebar Central. And even the Central Business District (Singapore) is just 10 minutes away by car. In short, Park Places Residences is strategically located, and is more convenient when compared to other developments that one can find in the Tampines Regional Center and the Jurong Gateway.
Park Place Residences is where the education of school-age kids matter
Just like other developments in Paya Lebar, Park Residences will also offer its residents easy access to primary, secondary and even international schools. In the development of new real estate properties, developers now consider the needs of families, thus many properties including Park Places Residences allow residents to continue the education in a stress-free manner. For example, residents will find the Kong Hwa Primary School. Also, a good number of international schools are located just a few minutes, making this real estate development a great address for expatriates and their families. Schools like the Canadian International School, American International School and the Chatsworth International School are highly accessible.
Choose Your Unit at Park Place Residences and Live Your Lifestyle
There are different units to choose from at this new residential development, and buyers can definitely find the best unit that suits individual needs and preferences. Units are available in different configurations that include a 1-bedroom, 2-bedroom, 3-bedroom and a 4-bedroom unit. It is expected that the units will be furnished, and finished to provide every resident a home they can be proud of. And with a grade-A office tower that will be built beside the complex, residents will have a chance to live, work and play in just one address.
Park Place Residences Development Fact Sheet
|Project Name||Park Place Residences|
|Address||Paya Lebar Road|
|Tenure||99 Years Leasehold|
|Site Area||222,760 sqft|
|Total Units||To Be Advise|
|Units Type||To Be Advise|
|Vacant Possession||To Be Advise|
|Legal Completion||To Be advise|
Park Place Residences, What is in The Estate?
Park Place Residences Showflat Location Map
Park Place Residences Site Plan
Park Place Residences Floor Plan
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