Park Place Residences is a new condo launch in Paya Lebar at the junction of Sims Avenue and Geylang Road. It is expected to launch in early 2017.
Back in 2015, Lend Lease won the land tender for this 4-hectare plot of land. Lend Lease is currently working with Abu Dhabi Investment Authority (ADIA) as the co-developer of the property. When it is finished, Park Place Residences will be an integrated development worth up to SGD 3.2 billion upon completion.
Lend Lease is a major international developer. They have successfully completed projects in Singapore and around the world. Notable developments would be JEM Shopping Mall and Somerset 313.
Lend Lease has continuously reinforced their mission of building the finest buildings that bring the most benefit to the various stakeholders. They are well-known to work closely with URA and surrounding entities to plan a holistic project that considers all parties.
Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by UAE, created to invest funds on behalf of the Government of the Emirate of Abu Dhabi. They play a central role in financing and coordinating the resources needed from their global network of assets.
Park Place Residences
This property began development in early 2016, with completion anticipated to be in 2018. This condominium will sport 3 residential towers offering a total of 429 units. The 3 towers will be build upon two separate lots that will be connected.
It will be a mixed development, offering a prime retail destination mixed with mid to mid-plus entertainment options. Lend Lease has revealed plans for a theatre to be built as an entertainment option.
Residential units will offer full-fledged condominium facilities, including swimming pools, indoor gyms, function rooms, barbeque pits, and other common areas. Towers 1 and 2 will have 14 floors each, while Tower 3 will have 13 floors. Both will sit atop 6 floors worth of retail and entertainment options.
Transportation & Connectivity
Residents staying at Park Place Residences will immediately notice the convenience it brings. Located right beside Paya Lebar MRT, owners will gain immediate access to the East-West Lines and Circle Line – a commendable 60 MRT stations altogether. Given the Land Transport Authority’s existing plans to expand the MRT coverage in Singapore, residents only have more to gain from living so close to an MRT interchange.
There are also 6 bus stops accessible within a 5 minute walk from Park Place Residences. Collectively, they provide 20 unique bus options for commuters who prefer to travel by roads instead of rail.
Drivers will benefit greatly too from the close proximity to the East Coast Park highway, the Pan Island Expressway, and the Nicoll Highway. Being in a relatively central location, Paya Lebar provides a good base to commute from wherever residents work. For leisure and fun, East Coast Park is relatively nearby to Park Place Residences. For residents, the evening sea-breeze and waves will never been more conveniently located.
Furthermore, leisurely strolls around Park Place Residences will be very rewarding. It is only a few minutes away from the Katong and Joo Chiat areas – where many delicious food choices and unique shopping experiences await. Examples of these shopping destinations include:
- One KM Mall
- City Plaza
- Tanjong Katong Complex
- Paya Lebar Square
For residents concerned about distance to the nearest traditional markets, Haig Road market is a mere 10 minutes walk away from Paya Lebar MRT.
Shopping and Entertainment
Paya Lebar Square would be the latest offering for Park Place Residences. Located right next to Paya Lebar MRT, it has numerous dining and shopping options for the family. Leave the car at home and walk right into an enjoyable night with your loved ones.
Katong 112 and Parkway Parade may be a little further away, but the short commute by bus or car is definitely worth the while. The anchor tenants of these huge shopping complexes range from Harvey Norman, Cold Storage, and Best Denki, just to name a few.
Schools and Education
Potential buyers with young children will definitely be attracted to the closeness of Park Place Residences to quality schools.
- Geylang Methodist Primary School
- Geylang Methodist Secondary School
- Tanjong Katong Girls’ School
These schools are well-known for their academic and extra-curricular achievements. This makes them a prime choice for parents in search of a holistic education for their child. Park Place’s strategic location not only gives you child a higher chance of being admitted into the Primary Schools, but also greatly saves the hassle of a tiring daily commute.