3 March 2017, Singapore. Complying with a highly-anticipated wait, developer Lendlease presented that Park Place Residences at Paya Lebar Quarter (PLQ) will certainly be introduced by 31 March 2017. The condo element of a mixed-use development in the centrally-located Paya Lebar notes Lendlease's very first venture into house in Singapore. Its location within PLQ is a tactical one, as PLQ is positioned to be significant spots in Paya Lebar Central. The latter was among the very first few areas assigned by the Urban Redevelopment Authority (URA) in its 2008 Master Plan to be become a pedestrian-friendly company hub with a distinctive social identification. The Australian developer has close to 60 years of performance history worldwide and also encounters the core markets of Australia, Asia, the Americas as well as Europe.
Park Place Residences at PLQ includes a mix of 1- to 3-bedroom residences spread out throughout 3 towers. 117 of the 429-unit task will certainly be 1-bedroom systems, with an action price beginning with $780,000. The size of these systems will certainly differ from rather under 500 square feet to 580 square feet. There will also be 3 sorts of 2-bedroom homes in addition to 2 types of 3-bedroom residences. 2-bedders will vary from 650 square feet, while 3-bedders will certainly range from 1,080 square feet. Mr.Tai, Handling Supervisor of Paya Lebar Quarter, said, "We are delighted to be entering Singapore's property market with Park Place Residences at PLQ too The Avenir in River Valley. Lendlease is an international leader in municipal regeneration and also has acquired reputation for creating effective bundled growths in significant cities like Sydney and London. We have discussed our knowledge around to develop an unique condo where citizens can live, work as well as likewise play." As the condominium is part of a mixed-use growth located within a service location, Lendlease is excluded to the Added Buyer's Stamp Responsibility (ABSD) guidelines which require developers to market all systems in the improvement within a five-year duration.