PAYA LEBAR QUARTERS (PLQ)
A Progressive City Precinct
Paya Lebar Quarter, Singapore’s most progressive city precinct located at the heart of the URA’s urban regeneration masterplan for Paya Lebar.
Three world-class office towers offering next generation workspaces, an exclusive 429-unit premier residence, and over 200 retailers with indoor and alfresco dining experiences sit amidst lush green, connected spaces. Directly connected to the Paya Lebar MRT station, Paya Lebar Quarter is due to open 2H 2018 onwards.
Connecting experiences
— Masterplan —
A landmark development in Paya Lebar - this stunning site will bring the very best of city living to the east of Singapore, with a diverse yet fully integrated range of quality urban spaces to work, live, shop, play and relax in.
Enjoy a life better connected at Paya Lebar Quarter - whether it's time for work or play, to be home to head to the airport, to enjoy morning exercise to grab lunch with friends - discover a brand new connected life, right here.
One place, many moments
RETAIL
— Introduction —
Quality retail offerings, every day conveniences and the best dining experience in the east come together in a new city precinct, providing endless moments of discovery, from indoors to outdoors.
At the heart of it all
— A Unique Destination —
Delivering diverse experiences from fashion to dining and entertainment. This is your place to play, with a curated mix of quality offerings.
From everyday conveniences and entertainment to fast fashion and quality F&B, a carefully curated mix of over 200 shops will cater to working executives and neighbouring residents alike through the week.
With over 100,000 square feet of open green spaces surrounding the retail mall, every moment provides a new opportunity for discovery.
The promenade, just steps away from the mall, offers a unique parkside dining experience for times that call for something different. Here, art and culture combine to reward visitors with spectacular performances, workshops, and creative projects.
The open, green spaces will be the perfect place to live it up with your little ones. Look forward to an outdoor playground which is sure to be the highlight for kids to blow off some steam and make new friends!
1st Phase - 50% RELEASE OF UNIT SOLD OUT. 215 UNITS SOLD OUT IN ONE DAY!
Please register your details below and get your Exclusive Invitation for 2nd Phase for Park Place Residences @ Paya Lebar Quarters, updates and project brochure.
PARK PLACE RESIDENCES @ PLQ
PARK PLACE RESIDENCES
COMING SOON
Please register your details below and get your Exclusive Invitation for our upcoming preview launch for Park Place Residences @ Paya Lebar Quarters, updates and project brochure.
Why do Integrated Developments sell so well?
• One stop for all unparalleled conveniences
• A premium lifestyle with MRT and shopping malls
• Presence of Grade A offices – more demand for the residential units and therefore ready rental demand
• Usually in central areas – easily accessible • Saving Costs from less travelling
• Higher Chances of Passive Income • Increasing Location Value
• Flexible Investment
Now a city fringe integrated lifestyle is within your reach!!!
KEY PROJECT HIGHLIGHTS
GREAT CONNECTIVITY
MRT & Bus Interchange Near Park Place Residences @ Paya Lebar Quarters (PLQ):
1) Paya Lebar MRT Interchange (East-West Line & Circle Line), providing direct access to over 60 MRT stations.
6 MRT Stops to Raffles Place & 6 MRT Stops to Changi Airport
2) Immediate access to 6 bus stops around the project with over 20 bus routes.
3) Connected to the Pan Island Expressway (PIE) , the East Coast Parkway (ECP), KPE and the Nicoll Highway.
4) Walking distance to rich cultural communities of Joo Chiat, and Katong.
5) Approximately 15 minutes drive to Changi Airport.
6) Walking distant to City Plaza, One KM, Nearby Shophouses, Geylang Seria Market and Paya Lebar Square.
GREAT LOCATION
Just 15 minutes driving to get to the renowned Shopping Belt Orchard Road, this location invites you to enjoy the great outdoors, recreations are aplenty and alive everywhere.
You will be amazed by the vast offerings of urban amenities surrounding you. be spoilt for choice with abundant shopping, dining and entertainment options at City Plaza, Tanjong Katong Complex, Leisure Park Kallang, Pavilion Square, Paya Lebar Squareand Sports Hub Retail Mall.
REPUTABLE SCHOOLS NEARBY
Paya Lebar Quarters is also ideal for family with going- school children with the reputable schools and institution around:
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Kong Hwa School
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Geylang Methodist School (Primary)
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Canossa Convent Primary School
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Macpherson Primary School
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Tanjong Katong Primary School
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Haig Girls’ School
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Broadrick Secondary School
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Chung Cheng High School (Main)
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Tanjong Katong Girls’ School
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Tanjong Katong Secondary School
AMENITIES & RECREATION FACILITIES
Park Place Residences is part of a huge mixed development (the Paya Lebar Quarter) an integrated prime retail destination with a retail combination geared towards mid-to-mid plus retail and entertainment choices. There is even 6 floors plus a flooring with theatre and other entertainment offers. Park Place Residences offers superb convenience on a daily basis. A prime example of maximising productivity and efficiency in a work, live and play environment, with shopping, F&B, supermarkets, banks and entertainment at the doorstep.
Recreation Facilities Near Park Place Residences @ Paya Lebar Quarters
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East Coast Park
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Kallang Riverside Park
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Sports Hub
Shopping Malls Near Park Place Residences
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One KM
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City Plaza
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Paya Lebar Square
GREAT INVESTMENT
Park place residcnes has the distinct advantage of having its own tenant pool from the 3 GRADE A office towers within the precint. Investors who get a unit here will have a ready pool of tenant once the offices towers are leased out. Especially there are only 429 units of residential unit for sale at Park place residences where most of the units maybe owner occupations whom are drawn to the convenience it offers.
PAYA LEBAR - HISTORIC DISTRICT 14
Paya Lebar area is close to cultural rich communities of Katong, Joo Chiat and Geylang Serai. "Geylang Serai can expect a new $55M civic centre come 2018 , as work will start on the new Wisma Geylang Serai after a groundbreaking ceremony. The project, developed by the People's Association, will house the new Geylang Serai Community Club, the South East Community Development Council office, a Malay Heritage Gallery and arts facilities, along with senior care, childcare and family service centres. Located where the Malay Village used to stand in Geylang Serai, before the heritage attraction closed in 2011, the five-storey, 10,000 sq m centre is intended to be a community hub for the area which reflects Geylang Serai's rich Malay heritage." From Strait Times (Click Here for full news report)
TOP INTERNATIONAL DEVELOPER
Paya Lebar Quarter and Park Place Residences are being developed by Lendlease, a top international developer with a long and solid track record of quality products.
COMING SOON
Please register your details below and get your Exclusive Invitation for our upcoming preview launch for Park Place Residences @ Paya Lebar Quarters, updates and project brochure once available.
PRJOJECT DETAILS
PAYA LEBAR QUARTER
Paya Lebar Quarter offers 3 grade A office towers with close to 1 million square feet of best-in-class office space and amenities, a standalone mid-to-mid plus retail mall with over 340,000 square feet of shopping, dining and entertainment options and 3 residential towers comprising 429 apartments, positioned within a generous and lush public space.
Paya Lebar Quarter is developed by Lendlease, an international developer with a strong track record in urban regeneration projects around the world.
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.
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Good unit mix of 1BR to 3BR units
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Efficient layouts–bedrooms fits Queen bed
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Quality fittingsand appliances (Smeg and Whirlpool)
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Top grade finishing (Imported Italian kitchen,Marble flooring)
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Services(for the first year) Residents Condo App integrated with PLQ precinct app in future Concierge Services
Car Sharing Services
ID Package Services
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Smart Lock
INSIDE OUTSIDE - KEY FEATURES
1. Integrated development – Office, Retail, Public Realm, Residential
2. Elegantly designed
3. Lush landscaping
4. Good unit mix (1BR to 3BR unit types)
5. Efficient unit layout
6. 3 Bedroom types come with dry and wet
kitchen
7. Tastefully furnished with designer fittings and high-quality kitchen appliances
8. Overall mid to high-end specifications
9. Extensive range of facilities
10. Services (for the first year)
• Residents Condo App integrated with
PLQ precinct app in future • Concierge Services
• Car Sharing Services
• ID Package Services (refer to appendix)
11. Cycling Friendly Network within the PLQ precinct
12. Sustainability
• Double glazed glass windows allow ample natural light into apartments while minimizing comfort
• Living rooms equipped with ceiling fans for improved ventilation
• Promote & support active lifestyles - Direct connection to the park connector network and dedicated cycling paths within the precinct and dedicated bicycle parking for
residents
SITE PLAN
MRT & Bus Interchange Near Park Place Residences
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Paya Lebar MRT Interchange (East-West Line & Circle Line)
Shopping Malls Near Park Place Residences
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One KM
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City Plaza
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Paya Lebar Square
Schools Near Park Place Residences
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Geylang Methodist School
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Maha Bodhi School
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Cedar Girls’ School
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Tanjong Katong Girls’ School
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Chung Cheng High School (Main)
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Kong Hwa School
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James Cook University
Recreation Facilities Near Park Place Residences
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East Coast Park
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Kallang Riverside Park
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Sports Hub
Employment Opportunities Near Park Place Residences
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Tampines Regional Centre
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Paya Lebar Sub Regional Centre
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Tai Seng Business Hub
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Changi Business Park
FLOOR PLAN
COMING SOON
UNIT BREAK DOWN
Please register your details below and get your Exclusive Invitation for our upcoming preview launch for Park Place Residences @ Paya Lebar Quarters, updates and project brochure once available.
MEDIA NEWS
Phase 1 of Park Place Residences snapped up
Park Place Residences at PLQ, a Lendlease high-rise condominium project, took off with brisk deals on its first day of sales on Saturday. By the end of the day, 215 units of the 429-unit development were snapped up - representing over 100 per cent of the planned Phase One sales. - See more at: http://news.asiaone.com/news/business/phase-1-park-place-residences-snapped#sthash.dburpfGy.dpuf
This made the condominium one of the most successful private condominium launches in recent years.
It was the third one to hit the market this year, after The Clement Canopy in Clementi and Grandeur Park Residences in Tanah Merah.
Prices of transactions for Park Place Residences ranged from about S$800,000 for a one-bedroom unit to S$2.1 million for a three-bedroom premium unit.
The official launch of the Park Place Residences came after the government's move earlier this month to ease property market cooling measures that have been in place since 2013.
Under the revisions, each tier of the seller's stamp duty will be lowered by four percentage points and the holding period shortened. In addition, the Total Debt Servicing Ratio will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios not exceeding 50 per cent .
Lendlease had previously announced that it was only releasing the first 40 per cent of units for sale in Phase One, but due to the response from buyers, who queued from early Saturday morning, the developer released another 10 per cent.
Park Place Residences at PLQ is part of Paya Lebar Quarter (PLQ), an integrated development with an upcoming retail mall and offices, slated to be completed and occupied by early 2019.
Patrick Yap, 39, who bought a one-bedder unit as an investment, said: "Together with its convenient location, I am confident that it will attract many tenants."
Huang Zhenbiao, 31, was drawn to the project's convenient location when he bought a two-bedroom apartment.
"The development is on the Paya Lebar MRT interchange, and we can get to the Central Business District quickly," he said.
Tony Lombardo, Lendlease's CEO Asia, said: "The Phase One sales results are an indication that astute buyers recognise Park Place Residences at PLQ as a premium project and location . . . Paya Lebar is positioned as the next growth district of Singapore with increasing demand for new homes, retail and offices."
Lendlease has closed its show suite.
It said that details of Phase Two sales launch will be released later this year.
- See more at: http://news.asiaone.com/news/business/phase-1-park-place-residences-snapped#sthash.dburpfGy.dpuf
SOURCE: ASIAONE.COM
OCTOBER 2016
SINGAPORE - The massive upcoming mixed development in Paya Lebar Central will comprise seven buildings on a 3.9-hectare site.
Its developer Lendlease on Monday unveiled detailed plans for the S$3.2 billion project - Paya Lebar Quarter - which will feature a retail mall, three office towers and three private residential blocks.
Lendlease said the development will transform the Paya Lebar area into a "vibrant, pedestrian-friendly city precinct".
There will be over 200 stores and entertainment options across the seven-storey mall, with about 30 per cent of the tenants being food and beverage operators.
Lendlease said the first two anchor tenants to sign up at Paya Lebar Quarter are supermart NTUC Fairprice Finest, which will occupy 22,000 sq ft of space, and foodcourt Kopitiam, which will take up 15,000 sq ft of space.
The development will also have about one million sq ft of Grade A office space across three 13- to 14-storey blocks, which will be home to some 10,000 workers.
Lendlease said it is in talks with large multinational corporations for the leasing of office space at the project.
The office and retail components of the development are expected to be completed in the second half of 2018.
Meanwhile, the residential component - the 429-unit Park Place Residences - will be completed only in the first half of 2019.
The developer said it intends to launch the apartments for sale in the first half of next year.
The residential project will comprise a mix of one- to three-bedroom units.
Paya Lebar Quarter has a total gross floor area of about 1.8 million sq ft.
About 100,000 sq ft at the development have been set aside as public spaces, and will include cycling path and lush greenery.
A consortium comprising Lendlease and Abu Dhabi Investment Authority (ADIA) won the tender for the 99-year leasehold site Paya Lebar Central last year with a S$1.67 billion bid.
Source: Strait Times Singapore
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AUSTRALIA-LISTED Lendlease has unveiled its plans for the S$3.2 billion Paya Lebar Quarter urban regeneration mixed-use development.
The development, located at the junction of Paya Lebar Road and Sims Avenue, is directly connected to two train lines, and will comprise seven buildings across the 99-year leasehold site.
The site, comprising two land parcels with a total area of 3.9 hectares, was awarded to Lendlease in April 2015 and will have three grade A office towers with between 13 and 14 levels, three residential towers or 429 one- to three-bedroom units, as well as more than 200 retail shops in the mall.
NTUC FairPrice Finest and Kopitiam have been named as the first two anchor tenants at Paya Lebar Quarter mall. It is expected to be completed in phases with the retail and commercial spaces ready in the second half of 2018 and the residential towers in the first half of 2019.
Source Business Times
The Edge Singapore Coverage - Click Here
APRIL 2015
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PROGRESSIVE PAYMENT TIMELINE
Booking the property & Signing of Sale and Purchase Agreement (5% Booking Fee, Cash outlay)
Upon booking, you will have to pay a 5% booking fee (Cash/ Cheque) and you will be granted the Option to Purchase (OTP).
We "Developer" will then mail the Sale and Purchase (S&P) Agreement to your banker's solicator or to you.
1 - 2 weeks
Upon receipt, please check the date of the S&P as you will be given 3 weeks from this date to exercise the S&P.
3 weeks
Within 8 weeks from the day the option money is paid, you will have to pay the remaining 15%.
(Some lawyers may require you to pay this amount upon signing of the S&P Agreement).
You can use your CPF to pay for this and any remaining shortfall will be paid for by Cash.
You may want to take good note of this schedule especially if your CPF does not have enough to cover this outstanding and to prepare the necessary Cash needed to pay the shortfall.
Sales Completion Date (15%, Cash/CPF outlay)
Also do remember that this amount will depend on your LTV (Loan To Value), e.g. if your LTV is 70% then the balance amount to be paid is 25%, 15% to be paid on exercising day, balance 10% will be by progressive stages
(Example foundation work completed).
Stamp Duty (3% less $5,400, Cash/CPF outlay) | Additional Stamp Duty (% of the Purchase Price)
Within 14 days of signing the S&P agreement (or within 30 days if the agreement is signed overseas),
you will have to pay the Stamp Duty/ Additional Stamp Duty (Cash/CPF outlay) to IRAS (Inland Revenue Authority of Singapore).
Progress Payments using Housing Loan
From this point onwards, you can start using funds from your housing loan, which can be up to 80% of the purchase price.
The tenure of the loan can be up to 30 years, depending on your age. You will have to make payments as follows:
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10% upon completion of foundation work (Estimated 6-9 months later from work commencement)
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10% upon completion of reinforced concrete framework of unit (Estimated 6-9 months later)
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5% upon completion of brick walls of unit (Estimated 3-6 months later)
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5% upon completion of roofing and ceiling of unit (Estimated 3-6 months later)
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5% upon completion of electrical wiring (without fittings), internal plastering, plumbing and installation of doors and window frames of unit (Estimated 3-6 months later)
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5% upon completion of completion of car park, roads and drains serving the housing project (To be advised)
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25% upon receiving Notice of Vacant Possession and Temporary Occuption Permit (TOP), and
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the last 15% upon Completion Date, when you receive your CSC (To be advised).
