{"id":111876,"date":"2019-10-25T10:28:13","date_gmt":"2019-10-25T03:28:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/paya-lebar-quarter-by-landlease-officially-launched\/"},"modified":"2019-10-25T11:20:25","modified_gmt":"2019-10-25T04:20:25","slug":"paya-lebar-quarter-by-landlease-officially-launched","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/paya-lebar-quarter-by-landlease-officially-launched\/","title":{"rendered":"Paya Lebar Quarter by Landlease officially launched"},"content":{"rendered":"


\nMinister for National Development and Second Minister for Finance, Lawrence Wong said that the mixed development is a \u201ctremendous opportunity to reimagine and remake Paya Lebar for the future, even for the next century\u201d. Image source: Park Place Residences
\nThe mixed-use development Paya Lebar Quarter (PLQ) by Lendlease has been officially launched, reported The Business Times.
\nIt is composed of office, retail and residential components branded as PLQ Workplace, PLQ Mall and Park Place Residences, respectively.
\nPLQ\u2019s total gross floor area is 1.8 million sq ft, with PLQ Workplace covering 900,000 sq ft and PLQ Mall occupying 340,000 sq ft.
\nIts residential component, Park Place Residences, has three residential towers housing 429 condominium units, with public amenities taking up an additional 100,000 sq ft.
\nOnly a single unit remains unsold, with the rest having been sold under a two-phase staggered scheme. Phase 1 sales, covering half of the total units, sold out at an average price of S$1,805 per sq ft (psf) while Phase 2 sold at S$1,938 psf.
\nThe units came with 99-year leasehold terms and one to three-bedroom configurations.
\nPLQ Workplace has three Grade A office towers, with PLQ 1 and 2 having office spaces composed of 24,000 to 32,000 sq ft floorplates. PLQ 3 comes with csuites \u2013 a flexible workplace concept catering to enterprises seeking co-working spaces and hiring smaller teams.
\nOffice tenants are currently comprised of 18 leading Singapore organisations and multinational corporations, including PropertyGuru, Roche Singapore, Tokyo Electron Singapore and Sabre Asia Pacific.
\nPLQ Mall comprises 200 shops occupying six floors, with anchor tenants such as KopiTime, a Virgin Active gym, Shaw Theatres and FairPrice Finest.
\nAround 90 percent of available retail and office spaces have been leased or at least under final negotiations.
\n\u201cAll in all it\u2019s a tremendous opportunity for us to reimagine and remake Paya Lebar for the future, even for the next century,\u201d said Lawrence Wong, Minister for National Development and Second Minister for Finance, during the opening ceremony.
\nPLQ\u2019s end development value is around S$3.7 billion, with Lendlease owning a 30 percent stake in the property and Abu Dhabi Investment Authority owning the remaining 70 percent.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Paya Lebar Quarter by Landlease officially launched<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Minister for National Development and Second Minister for Finance, Lawrence Wong said that the mixed...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111876","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t6s","jetpack-related-posts":[{"id":46819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lendlease-to-launch-park-place-residences-in-end-march\/","url_meta":{"origin":111876,"position":0},"title":"Lendlease to launch Park Place Residences in end March","date":"March 6, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Park Place Residences at Paya Lebar Quarter. Source: Lendlease Lendlease is set to launch Park Place Residences at Paya Lebar Quarter (PLQ) on 31 March, marking its maiden foray into residential development in Singapore. \u201cWe are excited to be entering Singapore\u2019s residential property market with Park\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plq-mall-now-open-for-preview\/","url_meta":{"origin":111876,"position":1},"title":"PLQ Mall now open for preview","date":"September 3, 2019","format":false,"excerpt":"\r PLQ Mall is part of the $3.6 billion integrated development Paya Lebar Quarter (PLQ), which also include three Grade A office towers and a residential component, Park Place Residences. Paya Lebar Quarter Mall (PLQ Mall) is now open for preview, with a grand opening set on 24 October. With\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-place-residences-bags-3-interior-design-awards\/","url_meta":{"origin":111876,"position":2},"title":"Park Place Residences bags 3 interior design awards","date":"January 25, 2018","format":false,"excerpt":"\r Park Place Residences at Paya Lebar Quarter (PLQ) has received three interior design awards for its stylish residential show suites, announced its developer Lendlease on Wednesday (24 January). In particular, the two-bedroom show suite obtained the prestigious International Interior Design Association (IIDA) Global Excellence Award 2017. It also clinched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":111876,"position":3},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/baode-building-up-again-for-collective-sale-price-unchanged-at-27mil\/","url_meta":{"origin":111876,"position":4},"title":"Baode Building up again for collective sale, price unchanged at $27mil","date":"December 15, 2021","format":false,"excerpt":"\r Located at 8 Lorong 35 Geylang, Baode Building sits on an 11,102 sq ft site near Paya Lebar MRT station and a cluster of malls including PLQ Mall, Paya Lebar Square and Singpost Centre. Source: Google Maps Baode Building at 8 Lorong 35 Geylang is up again for collective\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/315-units-at-the-tapestry-sold-strong-turnout-at-park-place-residences-preview\/","url_meta":{"origin":111876,"position":5},"title":"315 units at The Tapestry sold, strong turnout at Park Place Residences preview","date":"March 26, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) Two private condominium showflats opened their doors to property seekers over the weekend, attracting keen interest amid the improved market sentiment. The Tapestry by City Developments Limited (CDL) commenced sales on Saturday (24 Mar), while Phase 2 of Lendlease\u2019s Park Place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111876"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111876"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}