Placemaking excellence at Park Place Residences
- 17 Nov 2020
SINGAPORE (EDGEPROP) - For those residing at Park Place Residences, convenience is right at their doorstep. The development comprises 429 units on a 99-year leasehold and is integrated directly with PLQ Mall and three Grade-A office towers that span one million sq ft. The three components form Paya Lebar Quarter — a bustling sub-regional hub in the heart of the Paya Lebar enclave — which costs $3.7 billion and occupies over 4ha of land.
Park Place Residences comprises 429 units on a 99-year leasehold (Credit: Lendlease)
Proof of the appeal of “live, work and play”, the development is now fully sold. Even on the first day of its Phase One launch in March 2017, homeowners had already snapped up 50% of the units launched at Park Place Residences.
As a result of Lendlease’s thoughtful placemaking, the development was awarded four titles at the annual EdgeProp Excellence Awards, recognised under the Design Excellence, Innovation Excellence, Sustainability Excellence and Top Development categories.
PLQ Mall is integrated directly with Park Place Residences (Credit: Lendlease)
Lendlease ensured that there were enough communal spaces across the whole PLQ precinct. About 100,000 sq ft of space in PLQ is dedicated to cycling tracks, lush greenery and public spaces. Even the facade of the carpark is not exempt to detail, with lush greenery traversing up its exterior.
PLQ is also cycling-friendly. Wide paths, for instance, link the development to nearby park connector networks. Cyclists can also use a sheltered overhead bridge to access PLQ’s retail mall, three office towers and three private residential blocks via lifts large enough to fit bicycles. Notwithstanding visitors or residents at PLQ, office tenants at the precinct also get to enjoy cycling facilities: private bicycle lots and dedicated shower facilities are available, furnished with hair dryers and lockers.
Lounge and water facilities at Park Place Residences (Credit: Lendlease)
At Park Place Residences itself, the fifth floor of the development “was conceptualised around the idea of providing a community area”, says the developer. Facilities on the ground include a 50m lap pool, an aqua-therapy pool area with lounge beds, kid’s wading pool, and an outdoor dining terrace, among other indoor facilities like a fully air-conditioned gym and entertainment suite.
Lendlease also emphasised on sustainability within PLQ. The development integrates smart terrace gardens, which direct and filter rainwater into the Geylang Canal. The public children’s playground at PLQ is also inspired by a prominent Banyan tree that formerly grew at the site. Saplings from that Banyan tree are now replanted around Singapore with the assistance of NParks, a couple of which are also located at the entrance of PLQ 3, highlights Lendlease.
As PLQ is located within the culture-rich neighbourhood of Paya Lebar, Lendlease weaved the theme of the songket, a traditional Malay textile into the exterior of the development. For example, the vertical fin walls and horizontal ledges on the residential façade form a recurring songket pattern to give the towers a “coherent appearance”, says the developer. The exterior of its residential towers are a blend of bronze metal elements and grey wall surfaces, meant to emulate the gold and silver hues of the songket, Lendlease shares. Bronze elements are also seen in PLQ’s retail and office towers facade.
The gym at the condo (Credit: Lendlease)
Homeowners at Park Place Residences were able to choose from two colour schemes for the interior of their homes — “dark warm” or “light warm”. Selections for the dark theme included dark engineered timber flooring in the bedrooms, and a black quartz countertop and dark brown cabinets in the kitchen. Homeowners could also pick light timber flooring in bedrooms, and a kitchen set comprising white and light brown kitchen cabinets alongside a light grey quartz countertop.
So far, the latest transaction at Park Place Residences was for a 678 sq ft unit on the 8th floor, which was purchased for $1.39 million ($2,050 psf) on July 27, based on caveats lodged with URA. Prior to that, a 1,076 sq ft unit on the 14th floor transacted at $1.97 million ($1,830 psf).
This article was also published in Singapore on 30 October 2020: https://www.edgeprop.sg/property-news/placemaking-excellence-park-place-residences