Tag Archives: land lease

Paya Lebar project to be ready by 2018

A tender for the plum site at Paya Lebar Central, between the MRT station, Tanjong Katong Complex and City Plaza, was won by a consortium including Lend Lease and Abu Dhabi Investment Authority (ADIA). A mixed development including offices, retail space and 429 residential homes will be built on the site.

According to market rumours the residential component will be launched for sale in 2017. This is the first time the Australian Development group will be developing homes in Singapore. The project is given the approval to build 91,340sqm of office space and 43,740 sqm of retail space in addition to the 429 homes.  A maxium of 164,794 sqm of gross floor space is available for development. The TOP of the project is expected to be in 2018.