3 March 2017, Singapore. Abiding by a highly-anticipated wait, developer Lendlease presented that Park Place Residences at Paya Lebar Quarter (PLQ) will be presented by 31 March 2017. The condominium part of a mixed-use growth in the centrally-located Paya Lebar notes Lendlease's really initial endeavor right into home in Singapore. Its area within PLQ is a tactical one, as PLQ is placed to be considerable site in Paya Lebar Central. The latter was among the extremely initial couple of locations alloted by the Urban Redevelopment Authority (URA) in its 2008 Plan of attack to be developed into a pedestrian-friendly company center with a distinctive cultural recognition. The Australian developer has close to 60 years of performance history worldwide and also stumbles upon the core markets of Australia, Asia, the Americas and also Europe.
Park Place Residences at PLQ contains a mix of 1- to 3-bedroom houses spread out throughout three towers. 117 of the 429-unit task will certainly be 1-bedroom systems, with an action expense beginning with $780,000. The dimension of these systems will certainly vary from somewhat under 500 square feet to 580 square feet. There will certainly likewise be 3 sorts of 2-bedroom houses along with 2 sorts of 3-bedroom residences. 2-bedders will vary from 650 square feet, while 3-bedders will absolutely vary from 1,080 square feet. Mr.Tai, Handling Manager of Paya Lebar Quarter, said, "We are delighted to be entering Singapore's house market with Park Place Residences at PLQ also Parc Clematis in Clementi. Lendlease is a global leader in metropolitan regeneration and also has acquired reliability for developing reliable incorporated developments in substantial cities like Sydney and London. We have actually discussed our know-how around to create a distinctive condominium where citizens can live, function as well as likewise play." As the condominium belongs to a mixed-use development situated within a service area, Lendlease is exempt to the Added Buyer's Stamp Responsibility (ABSD) guidelines which require developers to market all systems in the innovation within a five-year period.