Project Details

Paya Lebar Quarters is an upcoming large 99 – years leasehold mixed – used Site in district 14 (Paya Lebar). This brand new commercial unit was won over by a consortium of Roma Central, Milano Central & Verona Centralm with the highest bid of S$1.67 billion which later translated to S$942.56 Square foot per plot ratio (psf ppr).

Paya Lebar Quarters is located within close proximity to Paya Lebar MRT Station (East West Line & Circle Line), giving people the convenience to travel to all parts of Singapore. Drivers can easily access three of Singapore’s Major Expressway: Pan Island Expressway (PIE), East Coast Parkway Expressway (ECP) & Kallang – Paya Lebar Expressway (KPE), giving them convenience to travel to other parts of Singapore or to this development.

This Paya Lebar development consist of four plots: two land parcels, an underground place & an airspace.

Paya Lebar Quarters Project Detail
Development Paya Lebar Quarters
Location Paya Lebar Road / Sims Avenue
District 14 (Paya Lebar / Eunos / Geylang)
Developer A Consortium of Roma Central, Milano Central & Verona Centralm
Tenure 99 - Years Leasehold
Site Area 222,757 Sqft
Gross Floor Area 1.78 Million Sqft
Total Units TBA
Total Carpark Lots TBA
Expected T.O.P Date TBA

Location

Paya Lebar Quarters is Situated Right Next To Paya Lebar MRT Station

Street View of Paya Lebar Quarters

Location Map of Paya Lebar Quarters

Location Map

Site Plan

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Floor Plan

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News

Paya Lebar Central set to become major commercial centre

The project is part of broader decentralisation plans by the authorities to create commercial clusters outside the city centre, in providing jobs closer to homes, and reducing congestion and travelling times to and from the city centre.  

SINGAPORE: Paya Lebar Central is set to become a major commercial centre at the city fringe, as part of plans by the authorities to create commercial clusters outside the city centre.

The Paya Lebar Central site comprises two adjacent parcels separated by Sims Avenue and the Geylang Canal. Australian developer Lend Lease will own about 30 per cent of the joint venture, with the rest owned by its investment partner, sovereign wealth fund Abu Dhabi Investment Authority.

Lend Lease said Thursday (May 14) it already has a "clear picture" of the design for the Paya Lebar Central project, but it will still have to work with authorities for the final design.

It said more than half - approximately 90,000 square metres (sqm) - will be reserved for office space. Also, 29,000 sqm will be set aside for about 440 private homes and more than 40,000 sqm will be used for a shopping mall. The 3.9-hectare site has a total gross floor area of 165,000 sqm.

The decentralisation plans by authorities aims to provide jobs closer to homes, and reduce congestion and travelling times to and from the city centre.

“It’s a central hub, as a mixed-use development, where people can live, work and play, and minimise the reliance on car transport, ideally,” said Asia CEO of Lend Lease, Mr Rod Leaver. “Because of the nature of the site, which has the canal running through, we are able to create an amazing public space, public realm which we can activate for the creation of a place the community can use."

Lend Lease said it plans to bring in new retail brands. The developer already manages several other shopping malls in Singapore, including Parkway Parade, 313@Somerset and JEM in Jurong East.

JEM is the third largest suburban mall in Singapore and Lend Lease said it currently has no plans to expand its retail foothold in that area, even with the upcoming developments there. Instead, the firm would like to focus on existing developments.

"One of the challenges we have is that Paya Lebar is a significant development,” said Mr Leaver. “It's one of our largest mixed-use urban regeneration projects in Singapore. And at the same time, for our Asia business, we have just recently won a significant development in TRX - the lifestyle quarter - in Malaysia. So we have a reasonably full book at the moment."

The Lifestyle Quarter in TRX is expected to contain a mixed-use development of over 17 acres, comprising a hotel, three residential towers and a new retail mall.

Still, Lend Lease said it has "some interest" in the commercial and residential projects, which may come up at the site of the High-Speed Rail terminus. The terminus will only occupy 20 per cent of the site, with the remaining 80 per cent to include offices, retail space, and maybe even homes. 

Credits: Channel News Asia

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Paya Lebar Quarters Rating: 5.0 out of 5 | Review By: Launch Property Singapore | ERA REALTY NETWORK PTE LTD | CEA Reg. No. L3002382K / R027596H | Connect with Launch Property Singapore @