Paya Lebar Central has been emerging as one of the vibrant commercial hubs in Singapore. The land bank offers more than 12 ha of land for commercial and residential property development. Both national and international property investors can come to invest here.
The Paya Lebar sub regional centre has been has been set to make a major commercial centre in Singapore. The planning authority has a mindset to create commercial clusters outside the city centre.
It has two adjacent parcels separated by Geylang Canal and Sims Avenue. As the information has come till date, Australian developer Lend Lease will take nearly 30 per cent of the total land. The rest part will be owned by its investment partner Abu Dhabi Investment Authority.
This bustling commercial hub will welcome many new investors to open their offices, hotels and other commercial centres. It is expected that the land will welcome a new hive of commercial activities with many new shopping malls, retail outlets, residential complexes, and attractive public spaces for happy leisure spending. This vibrant commercial hub has been developed outside the city centre as an important part of URA’s decentralisation strategy that focuses on modernization and urbanization. Side by side, an endeavour has been made to bring businesses and jobs very close to homes.
The land is perfect to become an exemplary commercial hub for its location, communication and perfect natural setting.
It is just a 10-minute-away by car from the Central Business District. It is well-connected by major roads and important expressways. Important expressways like the PIE and the ECP have made the land easily accessible from the different parts and points of Singapore city. Besides, roads like Paya Lebar Road, Sims Ave, and Changi Road have made the communication process convenient. Accessibility and convenience will be enhanced in future by creating more avenues and lanes.
The Geylang River flowing through this land will play an important role in enhancing the beauty of this commercial hub. There is a future planning of making this river more attractive with new public spaces and green lands. It is expected that with the completion of the Marina Barrage, the capacity of controlling the water levels will be increased.
The place surely has a bright future for more development. If you have decided for any property investment, this is the right time to do. Don’t let this opportunity slip from your hand. You are sure to receive a very good return on your investment.