Photo: Calvin Teo, Wikimedia Commons
Paya Lebar, particularly Paya Lebar Central or the area surrounding the Paya Lebar MRT station, is envisioned by the government as one of several commercial hubs outside of Singapore’s Central Business District (CBD). One key reason for this is the area’s superb transportation network.
Public transport in Paya Lebar
In fact, the Paya Lebar MRT interchange allows commuters to travel along two MRT lines – the East-West Line (EWL) and Circle Line (CCL). The former allows one to go to Promenade, Bayfront, Marina Bay, HarbourFront, Buona Vista, the Singapore Botanic Gardens, Bishan, Serangoon and MacPherson. The other enables one to travel to Pasir Ris, Changi Airport, Bugis, City Hall, Raffles Place, Outram Park, Jurong East and all the way to Tuas Link.
MRT stations in Paya Lebar
Moreover, Paya Lebar Central is just 10 minutes by car to the CBD. The area is also near two major expressways, namely Pan Island Expressway (PIE) and the East Coast Parkway (ECP), likewise for major roads like Sims Avenue, Changi Road and Paya Lebar Road.
Future transport options in Paya Lebar
Under URA’s Master Plan 2014, Paya Lebar Central will be transformed into a pedestrian-friendly business centre with plazas, pedestrian malls and overhead bridges as well as covered and underground walkways. There are also plans to set-up riverside paths along Geylang River for sight-seeing.
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Property prices in Paya Lebar are able to command a premium price due to the presence of Paya Lebar MRT interchange, which connects commuters to two train lines. On average, properties near MRT stations can command a 10 to 15 percent premium over those located further away.
In fact, average prices of properties located within a 10 minute walk of most of the Circle Line stations like Paya Lebar have risen substantially since 2009.