| Description: | ADIA Sovereign wealth fund of Abu Dhabi and Australian Developer Lend lease will join hand to develop the new integrated development at Sims Avenue. This new additional to Paya Lebar named Paya Lebar Quarter have 2 plot of land that are seperated by road of Sims Avenue. The Authority has given consent for a basement link and also a link bridge to be develop to join up and connect both side together. There'll be a very good mixture of commercial offices, shops and residential apartments in Paya Lebar Quarter. The developer has now confirmed it'll be building near to 900,000 sqft of grade A office space which will be in 3 office block. Two tower is going to have 13 storey and the other block is 14th storey tall. There will also have 3 block of residential condo with a total of 429 units. Condo name is Park Place Residences. Alongside Park Place Residences, Lend lease also plan to develop around 340,000 sqft of commercial space.
Paya Lebar Quarter as an integrated development close to Train is merely 4 to 5 MRT stations or 10 mins drive to Marina Financial Center. As part of their efforts to ease the city conjection, Urban Planning Authority of Singapore has plan for a couple of commercial hub away from the Central Business District. Firms that need not be in the city could be relocate to the regional centre. This is part of the effort to deliver works closer to where we live to reduce the requirement to commute to the city. The location for the regional centres will be in Jurong East, Woodlands, Tampines, Changi Business Park and Paya Lebar. Paya Lebar Central being the nearest to the City.
Beside being located close to the city, Park Place Residences condo comes with plenty of conveniences in Paya Lebar Quarter and the nearby malls at One KM mall, Singpost & Paya Lebar Square. Park Place Residences condo is also near Joo Chiat, Geylang & Katong which includes a lot of marvelous cuisine. In turn of education, Park Place Residences is inside 1Km to Kong Hwa Primary. Kong Hwa is actually a top primary school which is extremely popular amongst the local. There's also 3 international school nearby. They're Chatsworth, Canadian and the Amercian Schools.
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