{"id":82468,"date":"2018-03-12T10:56:15","date_gmt":"2018-03-12T03:56:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/phase-2-of-park-place-residences-to-launch-at-higher-prices\/"},"modified":"2018-03-12T11:02:51","modified_gmt":"2018-03-12T04:02:51","slug":"phase-2-of-park-place-residences-to-launch-at-higher-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phase-2-of-park-place-residences-to-launch-at-higher-prices\/","title":{"rendered":"Phase 2 of Park Place Residences to launch at higher prices"},"content":{"rendered":"


\nArtist\u2019s impression of Paya Lebar Quarter. Source: Lendlease
\nLendlease is set to launch Phase 2 of the 429-unit Park Place Residences at mixed-use Paya Lebar Quarter on 7 April amid a property market upturn.\u00a0
\nAt a media briefing on Monday (12 Mar), the Australian-based developer revealed that the final 219 apartments will be released for sale, of which 70 percent are one- and two-bedroom units.
\nPrices in the latest phase will start from $900,000 for a one-bedroom unit, two-bedders start from $1.15 million, and three-bedders are going from $1.8 million. Unit sizes range from 480 sq ft to 1,350 sq ft.
\nTony Lombardo, CEO Asia at Lendlease, said prices will be about\u00a0 5.0 percent higher than during Phase 1.\u00a0
\nFirst launched for sale in March 2017, Park Place Residences sold 210 units as part of Phase 1, or 50 percent of the available units within one day at a median price of $1,805 psf. Around 95 percent of the buyers were Singaporeans.
\nThe overwhelming response prompted the developer to close the sales gallery a day after the launch in the hope of offering the remaining units at higher prices.
\nScheduled to be fully completed by end-2018, the 3.9ha Paya Lebar Quarter is directly linked to Paya Lebar MRT station and is expected to transform the area into a vibrant regional hub.
\nCheck out our review of Park Place Residences, or view other\u00a0project reviews!
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Phase 2 of Park Place Residences to launch at higher prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Paya Lebar Quarter. Source: Lendlease Lendlease is set to launch Phase 2...<\/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-82468","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-ls8","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":82468,"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":47409,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-place-residences-to-open-showflat\/","url_meta":{"origin":82468,"position":1},"title":"Park Place Residences to open showflat","date":"March 10, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Park Place Residences at Paya Lebar Quarter. Source: Lendlease Australian property developer Lendlease plans to launch the Park Place Residences condominium at Paya Lebar Quarter (PLQ) on 25 March. It also announced unit prices at the 99-year leasehold project: the 117 one-bedroom apartments will be priced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":82468,"position":2},"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":[]},{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":82468,"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":30309,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lendlease-unveils-plans-for-3-2-billion-paya-lebar-quarter\/","url_meta":{"origin":82468,"position":4},"title":"Lendlease unveils plans for $3.2 billion Paya Lebar Quarter","date":"October 17, 2016","format":false,"excerpt":"\r The 3.9ha Paya Lebar Quarter site will comprise Grade-A offices, a shopping mall and residential apartments. Source: Lendlease Australian property developer Lendlease has unveiled plans for its $3.2 billion Paya Lebar Quarter urban regeneration project, which is expected to transform the area around Paya Lebar Central into a regional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/50-of-park-place-residences-sold-on-launch-day\/","url_meta":{"origin":82468,"position":5},"title":"50% of Park Place Residences sold on launch day","date":"March 27, 2017","format":false,"excerpt":"\r Overwhelming response seen at the one day launch of Park Place Residences last Saturday. (Photo: Lendlease) Australia-based developer Lendlease sold 215 (50 percent) of the 429 available units at Park Place Residences in Paya Lebar Quarter (PLQ) during the first day of launch last Saturday (25 March). This represented\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\/82468"}],"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=82468"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}