Park Place Residences - New Icon at Paya Lebar

Park Place Residences set to be a new icon at Paya Lebar Central. Being part of Government decentralization plan to move commercial offices out of Central Business District to a city fringe neighborhood, this paya lebar central plot 1 and 2 was award to Lend Lease, an australian developer who won the bid through 3 entities - Roma Central, Verona Central and Milano Central.

There was a total of 6 bids which was pretty good response, consider the big ticket investment. The 2nd bid which was 8.8% lower is submitted by a consortium comprises of Keppel Land, Singapore Press Holdings, Hutchison Whampoa and cheung kong holdings follow by capitaland group. 

Lend lease has been in Singapore for more than 40 years with track record at 313@Somerset, JEM and also parkway parade retail. This site is bidded by Lend lease will be a new icon and change the perception of Paya Lebar to a buzzing commercial hub, setting a new milestone in the area. 

The development when done up will comprises of residential, office, entertainment and retail shops providing convenience with everything under one roof.

Park Places Residences location

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Realty Park Villas - New strata Landed at Lorong 1 Realty Park