Paya Lebar Quarter: Breathing new life into an old precinct

The new PLQ Mall, which opened on Oct 24, has 340,000 sq ft of net lettable area and over 200 shops (Credit: Samuel Isaac Chua/ EdgeProp Singapore)
SINGAPORE (EDGEPROP) - A $3.7 billion integrated development, Paya Lebar Quarter (PLQ) is a 30:70 joint venture between Lendlease and Abu Dhabi Investment Authority (ADIA). In Singapore, Lendlease boasts over 40 years of experience, with over 400 completed projects across a broad range of sectors.
The development is part of the URA’s plans for the 12ha Paya Lebar Central precinct to be a sub-regional business hub for Singapore. PLQ will be a new commercial hub that includes an integrated commercial node with offices, retail, and public spaces.
“This is a key cornerstone development within this new district, which will be one of Singapore’s most progressive and sustainable new city precincts,” notes Lendlease in their Annual Report 2018.
PLQ will be a new commercial hub that includes an integrated commercial node with offices, retail, and public spaces (Credit: Samuel Isaac Chua/ EdgeProp Singapore)
At the EdgeProp Singapore Excellence Awards 2019, Lendlease bagged an award for Mixed-use Development Excellence for PLQ. Situated at the junction of Paya Lebar Road and Sims Avenue, the 99-year leasehold PLQ occupies a site area of 4ha, and a gross floor area of about 1.8 million sq ft. PLQ comprises PLQ Mall, three Grade-A office towers spanning one million sq ft, and three residential towers at Park Place Residences, with 429 units. PLQ also has direct links to Paya Lebar MRT Station on both the East-West and Circle Lines.
The office spaces, expected to be completed in 3Q2019, offers close to 900,000 sq ft of space. The tenants include CBRE, JLL, NTUC Income, Great Eastern, Bayer, Spaces by IWG, and Intellectual Property Office of Singapore (IPOS).
During its launch in March 2017, Park Place Residences sold 210 units in the first phase (Credit: Lendlease)
The new PLQ Mall, which opened...