Paya Lebar Quarter is a 3.9 hectare land parcel that will comprise a shopping mall, residential development that will be called Park Place Residence, commercial buildings, grad A office spaces, and retail shops.
The signature feature of the project will be a provision of 100,000 square feet of green public spaces equivalent to more than 20 basketball courts.
Richard Paine, a managing director of Paya Lebar Quarter said: “Urban regeneration is a key pillar of Lendlease’s strategy and it comprises over 70 per cent of Lendlease’s $S49.3 billion ($46.4 billion) international development pipeline… With its central location, Paya Lebar Quarter will lead the way in regenerating the area and will turn it into a vibrant hub offering a new and dynamic city life.”
This development forms part of the bigger 12-hectare Paya Lebar Central area and is being undertaken by the Singapore’s Urban Redevelopment Authority (URA).
It will incorporate a cycling path within the area that connects with the surrounding park system, while office occupants will have access to facilities, making active commuting to work a reality.
The project is expected to be completed in phases, with retail and commercial in the second half of 2018 and residential in the first half of 2019.