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PROJECT DETAILS

 
 

The 

 

Park Place Residences is standing next to Paya Lebar MRT Station. It is about 10 minutes’ drive from Shenton Way. It will take about 12 minutes of driving to Orchard Shopping Belt. The development is near Guillemard Road, Geylang Road, Mountbatten Road and Nicholl Highway. It is also close to the Kallang Paya Lebar Expressway (KPE), Pan Island Expressway (PIE) and the East Coast Parkway Expressway (ECP).

 

For retail options, residents in Park Place Residences may patronise City Plaza, Tanjong Katong Complex, Leisure Park Kallang and Katong Shopping Centre. There are more upcoming shopping complex like the Pavilion Square, Paya Lebar Square and Sports Hub Retail Mall. Future residents can do their shopping, dining and entertainment at these complexes.

 

Future residents can have a huge selection with it comes to indulging in local delights as it is close to more than 10 main Food Centres such as Old Airport Road Block 51 Market & Food Centre, Sims Vista Market & Food Centre, Blk 4A Jalan Batu Hawker Centre/Market, Circuit Road Block 89 Market And Food Centre, Circuit Road Block 79A Hawker Centre, Haig Road Market & Cooked Food Centre, Upper Boon Keng Road Block 17 Market & Food Centre, Geylang Serai Market & Food Centre, 80 Circuit Road Market & Food Centre and Dunman Food Centre.

 

Park Place Residences is near Kong Hwa School, Geylang Methodist School (Primary), Canossa Convent Primary School, Macpherson Primary School, Tanjong Katong Primary School, Haig Girls’ School, Broadrick Secondary School, Chung Cheng High School (Main), Tanjong Katong Girls’ School, Tanjong Katong Secondary School, Geylang Methodist School (Secondary) and Macpherson Secondary School. St. Andrew’s Junior College and Singapore Management University are just short driving distances from Cassia Edge. Parents who are looking for International school nearby Cassia Edge. Canadian International School (Tanjong Katong Campus) and Chatsworth International School (East Campus) are two International schools.

 

For those who enjoy outdoor activities, Kallang Riverside Park and East Coast Park are the choice for them. Future residents of Park Place Residences can have water sports, jogging or cycle at the Park. There are also many clubs nearby which the residents can enjoy, this include Singapore Badminton Hall, Geylang Stadium, Kallang Netball Centre, Kallang Squash & Tennis Centre, Singapore Cricket Association, Singapore Swimming Club and PWD Sport Club. As standing just next to Paya Lebar MRT Station, residents can have the great convenience of travelling to Singapore Sports Hub.

 

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Project  Park Place Residences
Developer  Roma, Milano and Verona Central Pte Ltd
Location  Paya Lebar Road/ Sims Avenue
District  14
Tenure 99 years lease
Site Area   
GFA:  1,7 million square feet
Plot Ratio
Expected TOP:
Total Units
Total Carpark
Development
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner
 

LOCATION and AMENITIES

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FACILITIES and SITE PLAN

The Facilities and Site plan of Park Place Residences are currently seeking approval from relevant authorities. If you would like to be updated on first hand information for Park Place Residences, Please

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COMMERCIAL FLOOR PLANS

EYE ON PAYA LEBAR TO LIVE, WORK AND PLAY

With the completion of several new residential and commercial developments within the new Paya Lebar Central including Paya Lebar Square, One KM, and more, Paya Lebar is fast becoming an ideal place to live, work and play.

As part of the government’s decentralisation strategy, commercial hubs outside the city centre have been established over the past few years to provide job opportunities closer to homes, and to reduce congestion and travelling times to and from the city centre.

In the 2008 Draft Master Plan, the Urban Redevelopment Authority (URA) identified Paya Lebar Central as one of the commercial hubs to be developed outside the city centre. The other areas are Tampines Regional Centre, Jurong Lake District and Woodlands Regional Centre.

Vibrant commercial and lifestyle centre

When complete, Paya Lebar will offer plenty of opportunities for new businesses with the development of Paya Lebar Central, a new 12ha sub-regional centre located at the fringe of the city-centre. The 5.5 million sq ft space, which will comprise a a mix of office, retail and residential developments, as well as attractive public spaces, will not only bring more jobs, but lifestyle options to those living within the area.

Moreover, the area next to Paya Lebar MRT Interchange has been earmarked for a new public plaza. This will serve as the bustling heart of Paya Lebar Central, a lively focal point for commuters, shoppers, executives working in the area and residents.

Currently, the area is shaping up well with the completion of new developments such as Paya Lebar Square, One KM and the Workforce Development Agency’s Lifelong Learning Institute.

Paya Lebar Square, which is conveniently located right above Paya Lebar MRT Interchange, is a unique commercial development comprising a 10-storey premium-grade office tower and a three-storey retail podium. One KM, on the other hand, is a three-storey knowledge-and-education themed mall offering a slew of lifestyle, dining and edutainment options. The mall is located along Tanjong Katong Road, right across Paya Lebar MRT Interchange station.

In addition to the introduction of new commercial developments, the distinctive local identity will be enhanced with the future Wisma Geylang Serai and a new pedestrian mall and plaza space along Geylang Road.

Good connectivity

Whether by foot, public transportation or by car, those living and working in Paya Lebar will get to enjoy utmost convenience as the area is well served by major expressways – PIE and the ECP – as well as major roads like Sims Avenue, Paya Lebar Road and Changi Road.

For those who rely on public transportation, there is the Paya Lebar MRT Interchange station, which offers a direct connection to stations on both the Circle Line and East West Line.

Getting around Paya Lebar Central itself will be a breeze for pedestrians with the addition of more connected covered walkways, underground walkways and overhead bridges. The walk along Geylang Road will also be more exciting with outdoor kiosks and delicious aromas wafting from cafes.

Developments to look at

Sims Urban Oasis, a 1,024-unit condominium by GuocoLand at the junction of Sims Drive and Aljunied Road was the best-selling residential project in February 2015, according to an OrangeTee report citing the latest URA data.

A total of 112 units out of the 200 launched were sold at a median price of $1,397 psf, which translates to a take-up rate of 56 percent. And it’s easy to see why Sims Urban Oasis is popular among home buyers and investors. The project’s location enjoys wide accessibility and a host of excellent in-house facilities. In addition, experts say that investors are interested to earn a spot in this area before it becomes a busy and highly developed activity hub in the near future.

PAYA LEBAR CENTRAL: BUSTLING COMMERCIAL HUB BRIMMING WITH ACTIVITY AND CULTURE

The buzz at Paya Lebar is set to be turned up a notch as plans to enhance the commercial hub get underway.

Paya Lebar Central, a bustling commercial hub, looks set to welcome a new hive of activity with offices, hotels, retail and attractive public spaces planned for it. Paya Lebar is one of the commercial hubs to be developed outside the city centre as part of URA’s larger decentralisation strategy in the Concept Plan to provide alternatives for businesses and jobs closer to homes. The other commercial hubs are Tampines Regional Centre, Jurong Lake District and Woodlands Regional Centre.

Existing developments like Geylang Serai Market and festivities such as the Hari Raya Bazaars along Geylang Road contribute to the distinctive local Malay identity of the area. This identity will be further enhanced with new public spaces and the upcoming new Geylang Serai Market.

A vibrant commercial hub

A vibrant commercial hub With about 12 ha of land in the area available for development translating to about 500,000 sqm of commercial floor space, expect to see retail, hotel and office developments clustered around Tanjong Katong Road and Sims Avenue.


A new public plaza next to the Paya Lebar MRT Interchange will become a focal point for activities and a natural gathering spot for commuters, shoppers and the office crowd.

Paya Lebar Central- Future look and MRT Station

The river flows between

Geylang River will be a key feature in the plans for Paya Lebar Central. As water levels stabilise with the completion of the Marina Barrage, the river can be integrated with future developments, creating attractive public spaces at the new commercial centre.

Fancy working, dining, shopping and relaxing by the scenic Geylang River amidst greenery around waterfront views?

This will be possible when a newly constructed stretch of Geylang River right in the middle of a new commercial development along Tanjong Katong Road is completed. A mix of office, retail and hotel developments will bring life to the riverbanks.

Convenience with connectivity

Paya Lebar Central is just a 10-minute drive from the Central Business District and is well connected by major expressways with the PIE and the ECP as well as major roads like Sims Ave, Paya Lebar Road and Changi Road. Accessibility will be further enhanced when the new Paya Lebar MRT interchange station for the Circle and East-West lines open in 2010.

Getting around Paya Lebar Central itself will be a breeze for pedestrians with the addition of more connected covered walkways, underground walkways and overhead bridges. The walk along Geylang Road will also be more exciting with outdoor kiosks and delicious aromas wafting from cafes.

Paya Lebar- Community

Community buzz

Think of Hari Raya and chances are you will associate it with the festive bazaars at Geylang Serai. A buzzing, lively commercial stretch of markets, sundry shops, retail centres and hotels, Changi/Geylang Road is the spot to soak in the distinctive local character of the area.

Geylang Serai will see the completion of the redeveloped Geylang Serai Market in 2009. A new civic centre will also be developed next to the market, which will house a Community Club, Community Development Council offices and possibly even a community library.

A new plaza beside the civic centre will be a natural focal point for staging community events such as festive activities and bazaars. The design of the new civic centre can take into consideration the heritage and special character of the area. In addition, there is opportunity to explore incorporating a gallery in the civic building to showcase the local heritage and history of the area.

SINGAPORE SPORTS HUB

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TOP TENDERER FOR PAYA LEBAR ROAD/ SIMS AVENUE MIXED USE SITE FOR OFFICE, COMMERCIAL AND RESIDENTIAL AWARDED

SINGAPORE: A land parcel at Paya Lebar Road/Sims Avenue in the heart of Paya Lebar Central, next to Paya Lebar MRT Station for commercial development has attracted six bids at the close of its tender on Tuesday (Mar 31).

The top bid of S$1.67 billion was submitted jointly by Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. This works out to S$10,145.65 per square metre of the gross floor area (GFA).

Meanwhile, the lowest bid of S$889.18 million was placed by Excelsior Investments Pte Ltd.

The tender for the 20,694.7-square-metre site was launched on Oct 28, 2014. The site comprises two plots and is located next to Paya Lebar MRT station - at the junction of Paya Lebar Road and Sims Avenue.

"At least about 55 per cent of the total GFA of about 1.7 million square feet has to be dedicated for office use. You have got about roughly 22 to 23 per cent of the GFA that will be for retail, and then the rest of it will be for residential or serviced apartments, which will comprise about 440 units altogether," said Mr Donald Han, managing director of Chestertons.

"This being in Paya Lebar, in the commercial zone, we will be looking at a pricing of anything from about $1,400-$1,550 per square foot roughly," he added.

The site could be costly to develop, as the two plots are separated by Sims Avenue and the Geylang Canal and is standing just next to Paya Lebar MRT Station.

In addition, the developer will have to shoulder costs of building underground linkage and elevated pedestrian networks, said SLP International Property Consultants.

Despite these challenges, analysts said the site attracted healthy interest among developers as it is well-located.

Mr Desmond Sim, Head, CBRE Research, Singapore & South East Asia, said in a statement that the number of bids "demonstrates continued confidence in Singapore as a global commercial hub".

"The top bidder is clearly looking forward to Singapore’s long-term growth prospects backed by sound economic fundamentals, and not with a rear view," he added.

Mr Han also noted: "It is interesting to note that Lend Lease and Abu Dhabi Investment Authority actually topped the bids. This shows generally that the Singapore projects, among foreign investors, are still seen as very high prospects in terms of the market for commercial and because of that, it will continue to be sought after by foreign developers, especially in this part of the world, for mixed development commercial projects." 

Meanwhile, Cushman & Wakefield said that by "disallowing developers to strata subdivide the office component beyond five strata lots, the premium quality of the office building is preserved" - and will likely appeal to large companies.

The site was offered for sale on a 99-year lease term.

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