Park Place Residences Paya Lebar . Overview & Developer
|Name||Park Place Residences at PLQ|
|Developer||Milano Central Pte Ltd, Roma Central Pte Ltd, Verona Central Pte Ltd|
|Status||Private Condominium in Mixed Development with Office & Retail Component
(No restriction on foreign ownership)
|Location||Paya Lebar Quarter @ Junction of Paya Lebar Road & Sims Avenue . Singapore|
|Address||2, 6, 8 Paya Lebar Road, Singapore 409053 / 409055 / 409056|
|Tenure||Leasehold of 99 years commencing from 29 June 2015|
|Site Area||Plot 1: 20,694.7 sq m (222,758 sq ft)
Plot 2: 18,536.0 sq m (199,521 sq ft)
Plot 3+: 3,288.1 sq m (35,393 sq ft | Stratum of subterranean space)
Plot 4+: 1,957.9 sq m (21,075 sq ft | Stratum of airspace)
|Gross Floor Area||164,769 sq m (1,773,573 sq ft) :: Total for Commercial + Residential|
|Official T.O.P.||31 December 2020|
|Possible T.O.P. Dates||Retail Mall & Offices: 2018; Residential: 2019 (See News Report)|
|Total Residential Units||429 Residential Units|
|No. of Blocks||3|
|No. of Storeys||17|
|Description of Paya Lebar Quarter||Mixed-use commercial development comprising 1 block 7 storey cum 2 basements shopping mall with 3 basements carparks (total 3 strata units), 2 blocks 14 storey and 1 block 13 storey offices (total 5 strata units), 3 blocks 17 storey residential flats (total 429 units), 1st storey retail, multi-storey carparks with airspace/subterranean connections across Sims Avenue at Paya Lebar Road|
Park Place Residences Paya Lebar · Creating the Best Places to Live
Paya Lebar Quarter (including Park Place Residences) is being developed by a joint venture of Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. These are subsidiaries of LendLease (Australian developer), in partnership with ADIA (Abu Dhabi Investment Authority).
Lendlease is an award-winning international developer with an impressive track record of urban re-generation projects globally. Its vision is to create the best spaces that meet the varied and personal needs of the people who work and live in them.
The company was founded in 1958 and has been in the business of delivering top quality homes around the world for over 58 years, with projects ranging from luxury apartments, to senior homes, to large-scale urban communities – covering development, construction, and management.
Today Lendlease is a public listed company on the Australian Securities Exchange. It has more than 12,000 employees and over 60,000 sub-contractors supporting their active projects around the world, which can total at least 750 at any one time.
For more on Lendlease and their ethics, please see http://www.lendlease.com/sg/ (opens in new window).
ADIA (Abu Dhabi Investment Authority) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in United Arab Emirates). It was founded for the purpose of investing funds on behalf of the Government of Abu Dhabi, and manages its excess oil reserves of around $500 billion.
Since 1976, ADIA has been prudently investing funds on behalf of the Government of Abu Dhabi with a focus on long-term value creation. Its portfolio has grown at an annual compounded rate of about 10%.
PARK PLACE RESIDENCES PAYA LEBAR · CONTACT FORM
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