Overview of Park Place Residences
Park Place Residences is a highly anticipated condominium built at Paya Lebar. This development is expected to launch in early 2017, with a lot of excitement surrounding its likely success. The condominium is a mixed development, which means that it will include retail, and office spaces within its premises. Its residents will be living above the 6 floors of retail and office spaces, making it extremely convenient for them to access shopping, dining, and daily amenities right at their doorstep.
Furthermore, Park Place Residences comes with full-fledged condominium facilities. This includes a luxurious swimming pool, an indoor gym, barbecue pits, function rooms, and tennis courts. Moreover, home owners will be able to enjoy these amenities with a view to match. Given that the Paya Lebar area is bustling with activity, it would be a treat to watch the area from a comfortable vantage point.
Work on the development started at the beginning of 2016. Park Place Residences is expected to be completed 2 years from then, with the Temporary Occupation Permit awarded in 2018. In total, there will be 429 homes offered to buyers. The units will be split between 3 towers on two different lots connected by a pathway. Each tower is expected to have 13 to 14 floors each, with residential units located above 6 floors worth of entertainment and retail choices.
Lend Lease has a strong reputation for building and managing successful shopping malls like Somerset 313 and Jurong Entertainment Mall. These malls are built with the environment in consideration, often adhering to the Singapore Building Construction Authority’s GreenMark accreditation. Thus far, both JEM and Somerset 313 have earned this award. This means that the building utilises natural sunlight as much as possible, and uses conserved rainwater for cleaning purposes. These are just a few examples of a sustainable building that Lend Lease is committed towards.