New projects in Paya Lebar
In thie guide we look at all the new projects coming to Paya Lebar.
Close to 1,200 new HDB flats were launched for sale in Ubi Grove in nearby Geylang in February 2018. Located next to Ubi MRT station, Ubi Grove will comprise two-room Flexi, three- and four-room flats set amidst a green landscape.
HDB BTO launch in February 2018
Home buyers can also look forward to new private housing projects in Paya Lebar.
New private property launches in Paya Lebar
Park Place Residences at Paya Lebar Quarter comprises three 17-storey towers housing 429 units. Built by Australian developer Lendlease, the 99-year leasehold project is adjacent to Paya Lebar MRT interchange.
Homeowners at Park Place Residences will be able to access the Habitap app, which allows them to remotely control their electronics and appliances, manage visitors, book condo facilities, set home temperature, view who is at the door and make online purchases, among others.
Phase 1 and 2 of Park Place Residences was launched in March 2017 and in April 2018 respectively, with completion scheduled by 2020.
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Paya Lebar is expected to become more vibrant in the coming years with new offices, shops and condominiums. This means that residential properties in the area will attract stronger demand from buyers and renters. Property developers have started recognising the area’s potential, which means that future pricing could exceed $2,200 psf.
Prospective buyers looking for properties in Paya Lebar should avoid waiting anymore and secure a unit before prices become too high and they’re priced out of the market.