5 Freehold Condos in the Upcoming Paya Lebar Hub

By Aaron De Silva / EdgeProp | September 7, 2017 1:30 PM SGT
Source: URA
In the URA’s 2008 Master Plan, it was announced that the area around Paya Lebar MRT would be designated a new commercial hub. Given the district’s proximity to the CBD – it’s only a 17-minute MRT ride or 15-minute drive to Raffles Place – it’s far more accessible compared to other decentralised commercial zones such as Jurong Gateway or Tampines Regional Centre. The area is also served by no less than four expressways – the ECP, KPE, MCE and PIE.
Almost 10 years on, the precinct appears to be shaping up nicely. New malls and mixed-use developments are popping up left, right and centre, giving the neighbourhood a more upmarket feel. These developments are also bringing new retail concepts, F&B offerings and other amenities to local residents.
The recently opened Paya Lebar Square is located right next to the MRT. It comprises an office block and three-storey retail podium with 95,000 sq. ft. of retail space. Anchored by Giant Supermarket, the mall also features popular fast food outlets such as MOS Burger and Jollibee. Both of these are a first for the area.
Later this year, SingPost Centre will open after a $150 million refurbishment. It will offer five floors and 175,000 sq. ft. of retail space. Tenants already on board include supermarket chain NTUC FairPrice, food court operator Kopitiam and cinema operator Golden Village. The latter – another first for the area – will be a welcome addition to the mall’s mix of retail shops and enrichment centres.
Paya Lebar Quarter (PLQ), a massive development encompassing residential, retail and office components, will open in stages in 2018. It features the largest retail floor space – a whopping 340,000 sq. ft. of it – housed in a standalone shopping mall. Anchor tenants include FairPrice Finest and Kopitiam.
The mall will also have a strong focus on F&B outlets, with both indoor and outdoor options. This will complement the lush landscaping being planned for the entire development. Think 6m-wide cycling paths and pedestrian walkways crisscrossing the development. These will be connected to five park connectors around the island. This greening...