Paya Lebar Quarter (PLQ) by Lendlease marked a significant milestone on 15 January 2018 with the successful construction topping out of its first office tower structure at a ceremony graced by Minister for National Development Lawrence Wong. Thriving banyan saplings, cultivated from the original banyan tree on the site, were lifted to the roof of the project’s Tower 3 to signify the topping out of the building. Guests also caught a glimpse of the future through an immersive virtual reality experience showcasing the completed project.
The SGD3.2 billion mixed-use development, set to transform Paya Lebar into Singapore’s newest business hub, is well progressed, having secured strong pre-commitment for its office, residential and retail components. As the most centrally located business hub outside the core city centre, PLQ’s three office towers will provide close to 1 million square feet of Grade A prime office space. Currently, over 50 per cent of this space is either leased, under final offer or in advanced negotiations. The office towers will be progressively completed and are on programme to be occupied from September 2018.
With a projected annual footfall of close to 45 million, the new four-hectare PLQ office, residential, leisure and retail development will be one of the largest business and lifestyle precincts in Singapore. PLQ mall, which is due to be occupied from late 2018, is already over 40 per cent pre-committed, including shops and restaurants leased or under final offer.
Over 400 new apartments are also being developed at PLQ, providing a modern connected lifestyle with excellent facilities. The first phase was launched last March with all 210 allocated units sold in just one day and the second phase is now eagerly anticipated to be released in coming months.
In alignment with the government’s drive to bring businesses and jobs closer to home, PLQ will deliver a complete ecosystem that represents the best in placemaking by integrating Grade A workplaces with a diverse range of lifestyle, entertainment and recreational activities within an active, green and engaging environment.
To address the growing demand for flexible spaces in Singapore, up to 15 per cent of the available office space across PLQ’s three office towers is proposed to house co-working facilities designed to cater to both smaller space users like start-ups and established SMEs with larger headcount requirements.
To enable the projected 10,000-strong future workforce at PLQ’s three office towers to collaborate and connect beyond their office, employees will have access to approximately 100,000 square feet of public landscaped green spaces that will be Wi-Fi-enabled. They will also enjoy convenient access to over 200 shops at PLQ mall with quality retail, entertainment and F&B options including a range of alfresco dining choices. Additionally, PLQ will provide walking and cycling paths integrated into the wider Park Connector Network (PCN) and premier end-of-trip facilities including showers, towel service and secure lockers to enable employees to adopt healthier and more flexible commuting options.
For more information, please visit www.payalebarquarter.com.
