Phase 2 of Park Place Residences to launch at higher prices

Artist’s impression of Paya Lebar Quarter. Source: Lendlease

Lendlease is set to launch Phase 2 of the 429-unit Park Place Residences at mixed-use Paya Lebar Quarter on 7 April amid a property market upturn. 

At a media briefing on Monday (12 Mar), the Australian-based developer revealed that the final 219 apartments will be released for sale, of which 70 percent are one- and two-bedroom units.

Prices in the latest phase will start from $900,000 for a one-bedroom unit, two-bedders start from $1.15 million, and three-bedders are going from $1.8 million. Unit sizes range from 480 sq ft to 1,350 sq ft.

Tony Lombardo, CEO Asia at Lendlease, said prices will be about  5.0 percent higher than during Phase 1. 

First launched for sale in March 2017, Park Place Residences sold 210 units as part of Phase 1, or 50 percent of the available units within one day at a median price of $1,805 psf. Around 95 percent of the buyers were Singaporeans.

The overwhelming response prompted the developer to close the sales gallery a day after the launch in the hope of offering the remaining units at higher prices.

Scheduled to be fully completed by end-2018, the 3.9ha Paya Lebar Quarter is directly linked to Paya Lebar MRT station and is expected to transform the area into a vibrant regional hub.

Check out our review of Park Place Residences, or view other project reviews!


Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email

This post was originally posted on Property Guru Property Market News Section