Situated at the merging confluence of Paya Lebar Road and Sims Avenue, the new Park place residences are to be a three tower structure for residential living combined with entertainment and numerous facilities as well as offices for businesses. This is an ideal investment for those planning on upstarting a viable business structure in Singapore. Each of the 429 units is itself a wise investment, as value is expected to rise exponentially over the years. Paya Lebar Center is already about to become a major commercial facility so the residents will be in a highly advantageous location.
Park Place is to be situated near the MRT interchange station which is now undergoing major changes to accommodate the new building and residents for this project. Two major plots totaling 422,275 square feet are to be developed into three majestic residential towers. In addition to the 429 residential units, there are 200 business units available as well, making this an ideal investment and business opportunity. There will be massive traffic through this structure and this makes it the perfect location for a high-end business with the ability to have a luxury residence on the site. This is a joint venture between Lend Lease, an Australian property group and Abu Dhabi Investment Authority (ADIA).
Once this is completed in 2018, there will be three office towers of Grade-A quality at a total of 874,717 square feet. Next to it will be a shopping mall of nearly a million square feet. With more than 400 units in the three residential towers, this is a perfect living situation by any and all standards.
The purchase price of $1.67 billion made by the JV on a 99 year lease clearly marks this as a poised investment and one of the best places to live and work in the world. You can live in the same place where your business is yet still be separated enough to live in tranquility.