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Thread: Paya Lebar Quarters (Next to Mrt)

  1. #1
    Join Date
    Oct 2016
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    2

    Default Paya Lebar Quarters (Next to Mrt)

    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.

    * Paya Lebar Quarter is situated at the junction between Paya Lebar Road and Sims Avenue

    * The site comprises two adjacent parcels  

    * End development value is at an estimated SGD$3.2 billion

    * Site area 4 hectares

    * Gross floor area circa 1.8 million square feet

    * Construction commenced in January 2016

    * Completion expected 2018

    * Total of 7 buildings across the 99-year leasehold site

    * 3 residential towers comprising 429 apartments

    * Prime retail destination with a retail mix geared towards mid-to-mid plus retail and entertainment options

    * 3 grade A office towers with circa 900,000 square feet (NLA) of best-in-class office space complemented by high quality retail and public amenities to maximise workplace efficiency and productivity

    * Towers 1 and 2 will have 14 floors each while Tower 3 has 13 floors.

    * Over 340,000 square feet (NLA) of retail experiential parkside dining

    * 6 floors plus a floor with cinema and other entertainment offers  

    
 LOCATION & CONNECTIVITY
    * 10 minutes to the Central Business District and 15 minutes to Changi Airport by car

    * Direct access to the Paya Lebar MRT interchange which connects the East West Line and the Circle Line, providing direct access to over 60 MRT stations

    * Immediate access to 6 bus stops around the project with over 20 bus routes

    * Connected to the Pan Island Expressway, the East Coast Parkway and the Nicoll Highway

    * Walking distance to rich cultural communities of Joo Chiat, and Katong   


    http://tinyurl.com/STnews-PLQ

  2. #2
    Join Date
    Dec 2011
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    1,763

    Default

    Cushman & Wakefield research director Christine Li estimates that the average selling price could be "above $1,400 psf, with small units touching $1,500 psf", while International Property Advisor chief executive Ku Swee Yong puts it at around $1,500 to $1,700 psf.

    1.7K.....wow blew my mind.

  3. #3
    Join Date
    Oct 2016
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    $1.5k would be deemed a bargain buy especially for the smaller units since the new project launch at Aljunied commanded $1.7k for the smaller units already (",) @Tre Residences

  4. #4
    Join Date
    May 2011
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    104

    Default

    This new Paya Lebar Quarter development by the Aussie company Lendlease, has been a lot in the news lately. Just 3 days ago there was another article in the Straits Times, talking about the thinking and philosophy that went into the planning and design of it.

    Lendlease's vision is of a "vibrant, sustainable community deeply connected to the area's history and cultural roots", since it is at the junction of 3 historically rich areas, Katong, Geylang and Joo Chiat.

    But must say this project does look good for those buying to rent - the condo Park Place Residences can tap the rental pool from the 3 office blocks in the development. And it has its own big shopping centre, and direct sheltered linkage to Paya Lebar MRT interchange station. But whether it will make a good investment, will depend on the pricing. Right now the developer has not mentioned anything on that yet.

  5. #5
    Join Date
    May 2016
    Posts
    169

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    Quote Originally Posted by payalebar View Post
    $1.5k would be deemed a bargain buy especially for the smaller units since the new project launch at Aljunied commanded $1.7k for the smaller units already (",) @Tre Residences
    Maybe should be comparable to poiz residences at potong pasir mrt.

    Tre residences hardly seen anyone buying. Too close to mrt track and hdb.

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