As government start to decentralise businesses in the Central Business District (CBD), more businesses and offices has sprung up in city finge location like Paya Lebar Central. In fact, Paya Lebar Central Plot 1 and 2 was just awarded to an Australian developer, LendLease. This 2 lots of land is for mixed use with retail shops, offices and retail unit.
Lend Lease came in with the highest bid of $1.67billion, out of total of 6 bidders which is consider bullish given its high investment. It also shows developers interest in this land as well as potential of paya lebar central going forward as a regional hub. This land site is well connected via four main road namely: Tanjong Katong Road, Geylang Road, Sims Avenue and Paya Lebar Road, and also Paya Lebar MRT station.
This development office space doesn't not allow to subdivide the office which will result in big floor plate per unit, which will also enchance big MNCs and international companies to house their headquarters here at Park Place Residences.
About Paya Lebar Central
Paya Lebar Central is set to be bustling with activities from businesses as well as home owners looking for own stay with its strategic location which make it highly sought after. There a total of 12 hectares of land in the 2 lots for mixed development usage. With current shopping at OneKm, City Plaza, Singpost and Tanjong Katong Complex, it will greatly contribute to interest of investors and MNCs at Paya Lebar Central.
Park Place Residences, the new condominium at Paya Lebar will have a major portion used for office space, though there are some for retail, Food & Beverage and entertainment. The residential aspect will provide convenience for its residents. Whether shopping for groceries or travelling to work, Park place residences simply connect you to what that matters to you.