The Australian development company Lendlease is breaking new ground in Singapore, where it plans to construct facilities and amenities that will significantly change its residents’ lifestyles. In its newest development, the Paya Lebar Quarter, Lendlease will combine residential and commercial spaces in the same facilities, allowing future residents to shop closer to where they live or live closer to where they work.
Paya Lebar Quarter Lend Lease
The development will consist of three tower blocks, two of which will reach 14 stories, and one which will reach 13. All three towers will provide both businesses and residents with the best in convenience in amenities. The Paya Lebar Quarter will house retail and leisure stores, commercial offices, and 429 condos within its facilities, offering the resident virtually everything they could need within the development itself. There are even plans for a large, outdoor public space, which will provide a green space for the future community to enjoy. The multi-use site has the potential dramatically to reduce commutes and transportation costs for future residents, and will bring new business to the area.
Paya Lebar Quarter Condo
Lendlease has a long, multinational track record of creating state-of-the-art facilities, while completing its projects on time and budget. The company has paired up with the Abu Dhabi Investment Authority (ADIA) in acquiring the prime lots for the new construction, which began at the beginning of 2016. Paya Lebar Quarter is expected to enter the market next year for advanced buyers and renters.
Paya Lebar Quarter
LendLease has a long history of quality construction in Singapore, although this will be its first venture in residential construction in the country. The future development is situated in a good area, with quality existing schools and shopping centers, and is close to existing business centers. The Paya Lebar Quarter development is projected to be finished by 2018 and is rumored to be already working with leasing agents JLL and CBRE to arrange leases with business firms. Lendlease itself is working to bring new and exciting retailers to the planned shopping center portion of the development.
trfc July 6, 2016
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