SOUTHEAST ASIA CONSTRUCTION26 Oct 2016
Lendlease unveils S$3.2 bil urban regeneration project
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Lendlease has recently unveiled its new, urban regeneration mixed-use development in Singapore, Paya Lebar Quarter. Planned to be completed in phases with retail and commercial in the second half of 2018 and residential in the first half of 2019, the project will be a significant landmark of Urban Redevelopment Authority’s (URA) 12-ha Paya Lebar Central development.

Located just 10 minutes from the CBD by car or train, the 3.9 ha Paya Lebar Quarter is sited next to the Paya Lebar MRT interchange. Aligned with Singapore’s vision to be a car-lite city, it is one of the first developments to incorporate a cycling path within the precinct that facilitates a continuous connection to the wider Park Connector Network.

“Urban regeneration is a key pillar of Lendlease’s strategy and it comprises over 70 percent of Lendlease’s S$49.3 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,” said Richard Paine, managing director of Paya Lebar Quarter.

Paya Lebar Quarter will include a mall with 200 retail shops, three Grade A office towers featuring close to 1 mil sq ft of work space, and Park Place Residences that comprises three towers with 429 units. In addition, there will be a 100,000 sq ft green public area as well as a covered outdoor event space. The development is expected to serve a working population of 22,000 in the local catchment area within seven minutes’ walk and approximately one million residents in the trade area.

For more information: www.payalebarquarter.com

*The longer version of this story will be published in the Jan/Feb 2017 issue of SEAC.