AUSTRALIA-LISTED Lendlease has unveiled its plans for the S$3.2 billion Paya Lebar Quarter urban regeneration mixed-use development.
The development, located at the junction of Paya Lebar Road and Sims Avenue, is directly connected to two train lines, and will comprise seven buildings across the 99-year leasehold site.
The site, comprising two land parcels with a total area of 3.9 hectares, was awarded to Lendlease in April 2015 and will have three grade A office towers with between 13 and 14 levels, three residential towers or 429 one- to three-bedroom units, as well as more than 200 retail shops in the mall.
NTUC FairPrice Finest and Kopitiam have been named as the first two anchor tenants at Paya Lebar Quarter mall. It is expected to be completed in phases with the retail and commercial spaces ready in the second half of 2018 and the residential towers in the first half of 2019.
Amendment note: The earlier version of this story said the development is connected to two train stations. The development is in fact directly connected to two train lines, and the article above has been revised to reflect this.