3 March 2017, Singapore. Sticking to a highly-anticipated delay, developer Lendlease presented that Park Place Residences at Paya Lebar Quarter (PLQ) will be introduced by 31 March 2017. The apartment part of a mixed-use development in the centrally-located Paya Lebar marks Lendlease's really initial endeavor into home in Singapore. Its area within PLQ is a tactical one, as PLQ is placed to be significant landmark in Paya Lebar Central. The latter was amongst the very first couple of areas allocated by the Urban Redevelopment Authority (URA) in its 2008 Master Plan to be become a pedestrian-friendly service hub with a distinct cultural recognition. The Australian developer has close to 60 years of track record worldwide and encounters the core markets of Australia, Asia, the Americas and also Europe.
Park Place Residences at PLQ includes a mix of 1- to 3-bedroom residences spread across 3 towers. 117 of the 429-unit job will be 1-bedroom systems, with a procedure price starting with $780,000. The size of these systems will vary from somewhat under 500 square feet to 580 square feet. There will additionally be 3 sorts of 2-bedroom residences along with 2 types of 3-bedroom houses. 2-bedders will vary from 650 square feet, while 3-bedders will definitely vary from 1,080 square feet. Mr.Tai, Handling Supervisor of Paya Lebar Quarter, claimed, "We are delighted to be entering Singapore's property market with Park Place Residences at PLQ too Pullman Residences. Lendlease is a global leader in cosmopolitan regeneration and also has actually gotten trustworthiness for developing reliable incorporated growths in substantial cities like Sydney and London. We have discussed our knowledge around to create an unique condo where residents can live, function and also play." As the condominium belongs to a mixed-use growth located within a service area, Lendlease is excluded to the Additional Buyer's Stamp Obligation (ABSD) standards which require developers to market all systems in the innovation within a five-year period.