The massive upcoming mixed development in Paya Lebar Central will comprise seven buildings on a 3.9-hectare site. The S$3.2 billion project – Paya Lebar Quarter – will feature a retail mall, three office towers and three private residential blocks.
The developer Lendlease said the development will transform the Paya Lebar area into a “vibrant, pedestrian-friendly city precinct”. Over 200 stores and entertainment options across the seven-storey mall, with about 30 per cent of the tenants being food and beverage operators.
Paya Lebar Quarter has a total gross floor area of about 1.8 million sq ft. About 100,000 sq ft at the development have been set aside as public spaces, and will include cycling path and lush greenery.
The first two anchor tenants to sign up at Paya Lebar Quarter are supermart NTUC Fairprice Finest, which will occupy 22,000 sq ft of space, and foodcourt Kopitiam, which will take up 15,000 sq ft of space. The development will also have about one million sq ft of Grade A office space across three 13- to 14-storey blocks, which can house up to some 10,000 workers.
The office and retail components of the development are expected to be completed in the second half of 2018, while the residential component – the 429-unit Park Place Residences – will be completed only in the first half of 2019.