Park Place Residences signifies the modern spirit of Singapore. It has an excellent location that connects residences to different parts of the country. It provides accessibility to people with the comfort that they wanted to have after a busy day of work.
It consists of 3 towers with 429 apartments that can offer amazing views to residences. It is expected to be completed by end of 2020.
Residents of Park Place Residences can enjoy adequate facilities making them feel that they have they are living a good life. It provides an excellent security to the residents thus giving them the peace of mind they need that their family is safe at all times.
It is close to various shopping malls making it easier for people to acquire their everyday needs. Even reputable schools are near the area so there is no reason for parents to worry about sending their kids to school.
Residents can easily access the Central Business District as well as other amenities in the country using public transportations. It is a perfect choice for investors and home buyers who are searching for quality investment in the heart of the city.
149 Park Place Residential Units Bought in One Sweep
Lendlease Has Just 70 Units to Sell Out Of an Original 429 in Its Park Place Development
Lendlease joined Oxley Holdings to launch sale of their completed housing units last weekend, and both developers made hay on the two days, April 7 and 8.
While it was Oxley’s first launch of their The Verandah development units, it was a second launch for Lendlease, who had already done their first launch and sold 210 units.
Out of the total of 429 units that make up Park Place, 359 have now been sold, 149 having been sold in the weekend relaunch.
It was encouraging for Lendlease to see potential buyers dash to the re-launch, with most of the housing units on offer being scooped on Day One through balloting.
After the weekend successful sale, Lendlease has now managed to sell out an impressive 84% of their total units at Park Place, and they just have 70 units left of the initial 429. During the first launch of the development in March 2017, 50% of the units available for sale were sold on Day One, and the prices offered on the time were not as high as in the second launch. The range of prices then was S$0.8m – S$2.1m, as opposed to the second round when the range was S$0.9m – S$2.2m.
The units at Park Place Residences vary in sizes from one-bedroom to three-bedroom apartments, with their respective areas ranging from 480 sq ft – 1,350 sq ft. On the overall, the sales made reflect a handsome land rate for the developer, as it averages S$2,000 per square foot.
The Park Place development comprises three towers, with a mall, Grade-A office space, and in excess of 200 shops. Lendlease has decided to have an integrated development as part of its Paya Lebar Quarter, which also has anchor tenants like Fairprice Finest supermarket, Shaw Theatres and Kopitiam Food Court. The entire gross floor area is almost one million square feet.
The Park Place development has the advantage of connectivity, as it is directly linked to the Paya Lebar MRT interchange station that serves the East-West and Circle lines.
One thing that makes Park Place Residences attractive to investors and home buyers is its location. It is located along the Sim Avenue and Paya Lebar Road which is close to the Paya Lebar MRT station. It is situated in the key growth area of Singapore.
It can provide convenience when traveling in different parts of Singapore because it is near bus stations like Paya Lebar MRT, Eunos MRT, Aljunied MRT, Dakota MRT, Stadium MRT, and Mountbatten MRT. It is also connected to various expressways that include East Coast Parkway, Central Expressway, and Pan Island Expressway.
Located along Paya Lebar Road is the magnificent Paya Lebar Quarter. This huge mixed development by Lendlease is bestriding two bordering land parcels that will offer quality office space and amenities. The total area of the site is 3.9 hectares with a gross floor area of 1.8 million square feet. The development value is around $3.2 billion and was started in January 2016. The completion of the development is expected by the end of 2020.
Paya Lebar Quarter is considered to be the most progressive city precinct in Singapore that provides three world class office towers and 429 residential units and 200 retailers. This development is connected Paya Lebar MRT Station. It offers people urban spaces where they can live, work, play, shop, and relax in. It can assure a better life because of the convenience it gives to people when it comes to connectivity. Around 30 percent of the tenants will be food and beverage operators.
Paya Lebar Quarter will have a total of 6 floors plus a floor with cinema and entertainment offers. It has 7 buildings with 3 residential towers. Towers 1 and 2 consist of 14 floors while tower 3 will only have 13 floors. It is connected to famous shopping malls in the country like Sun Plaza and One KM mall as well as various expressways making it easier for people to access the place. The cultural communities of Katong and Joo Chiat are just a walking distance away from Paya Lebar Quarter. You can also access more than 60 MRT stations.
Park Place Residences has a lot to offer to people when it comes to facilities and amenities. The whole family will surely enjoy living in the condominium while they enjoy the sites around the area.
The total floor area of Park Place Residences is 165,000 square meters which are divided into business, commercial, and residential spaces. It offers spacious residential units to provide convenience to future tenants. Park Place Residences also has a high-ceiling feature for excellent comfort and air circulation. The layout of the units is absolutely elegant that will offer a perfect space to residences for their preferred business and lifestyle.
Park Place Residences has 429 residential units. Listed below are the unit types of the condominium.
- 1 bedroom units – 117 units that measure 480 to 580 square feet. (SOLD OUT)
- 2 bedroom units – 234 units that measure 650 to 900 square feet. (Available)
- 3 bedroom units – 78 units that measure 1,080 to 1,350 square feet. (Available)