Paya Lebar New Condo Launch Projects
Paya Lebar new condo launch projects are great opportunities you should check out for its well posited locality that strikes well in the heart of Singapore.
Paya Lebar in a nutshell
Paya Lebar is the new urban one stop center for shoppers. It’s also the new regional center in Singapore.
During the past decade, many exciting commercial and residential projects sprang up in the area to create a more vibrant region with a ten fold increase in work and leisure activities. They include Park Place, Paya Lebar Quarter, SingPost (upgraded to house a cinema), Paya Lebar Square and Kinex Malls.
Why buy new condo launch in Paya Lebar
As a major aspect of the government’s heartland development projects, business center points outside the downtown area have been set up in the course of recent years to give openings for work nearer to homes, and to lessen blockage and venturing out occasions to and from the downtown area.
In the 2008 Draft Master Plan, the Urban Redevelopment Authority (URA) recognized Paya Lebar Central as one of the business center points to be created outside the downtown area.
Paya Lebar offers a lot of chances for new organizations with the advancement of Paya Lebar Central, another 12ha sub-territorial focus situated at the edge of the downtown area.
In the heart of Paya Lebar Neighbourhood, there are 3 shopping malls in the area, complete with 2 cineplexes within a kilometer of each other.
It also boosts good connectivity with the rest of Singapore. Regardless of whether by foot, public transportation or via vehicle, those living and working in Paya Lebar will get the opportunity to appreciate most extreme accommodation as the territory is all around served by significant freeways – PIE and the ECP – just as significant streets like Sims Avenue, Paya Lebar Road and Changi Road.
For the individuals who depend on open transportation, there is the Paya Lebar MRT Interchange station, which offers an immediate association with stations on both the Circle Line and East West Line.
Getting around Paya Lebar Central itself will be a breeze for people on foot with the expansion of progressively associated secured walkways, underground walkways and overhead scaffolds. The stroll along Geylang Road will likewise be all the more energizing with open air booths and tasty smells drifting from bistros.
With the finishes of a few new private and business advancements inside the new Paya Lebar Central including many more commercial buildings to come, the sky is the limit from there, Paya Lebar is a quick turning into a perfect spot to live, work and play.
Rental in a condo in Paya Lebar is said to be scarce as of 2019, be that as it may, if a unit comes up for rental, it’s a superior wager to go with a bigger loft.
This incredible location, notwithstanding the freehold status, is very alluring to condo investors. This has led to multiple transactions for this condo that hold a $1200 – $1245psf pricing.
This implies a 2 room, 872 sq ft condo would go at an expected $1.05 million. Bigger floor plates like a 3 room 1292 sq ft unit can go at $1.5 to 1.6 million.
And the appreciation of the land at Paya Lebar itself is only going to – rise. So what about new condo launches there? Think about it.
Paya Lebar new condo launch projects worth mentioning
One of the most exciting upcoming new condo launch projects in the Paya Lebar development region is Seraya Residences.
Located at Seraya Lane at the heart of Tanjong Katong, Seraya Residences is a freehold development with an exclusive 17 residential units in a single block of 5-storey 2 and 3-bedroom units. There are good enjoyable condominium facilities such as a swimming pool, outdoor fitness corner, teppanyaki dining, nature gym and even a hammock alcove. Residents can immerse themselves in such leisure without even the need to step outside the residence.
Around the vicinity lies a lively nightspot area of Tanjong Katong where many eateries such as the Punggol Nasi Lemak and Pizza Hut abound. Residents are spoiled for choice with the many food and beverage outlets around their area. This does not even include the nearby Paya Lebar area with the shopping malls and the multi-lined Paya Lebar MRT station which connects commuters easily to the other parts of Singapore in multiple directions.
Aside from all these amenities, there are also good schools such as Tanjong Katong Secondary, Tanjong Katong Girls School, Haig Boys, St Hilda’s Kindergarten and even the Canadian International School.
Seraya Residences is expected to TOP in 2022.
Carpmael Thirty Eight
Another project in Paya Lebar, Carpmael Thirty Eight, is worth mentioning.
It is located at Carpmael Road, with only less than 10 minutes walk away from Kinex Mall. Other shopping malls include Tanjong Katong complex, Katong Shopping Centre, Joo Chiat Complex, Paya Lebar Quarter and I12 Katong.
Residents can get 24 hour surveillance in their premises, and a range of many facilities, such as the more than 1 tennis courts, a swimming pool and barbecue pits. Not only can they use the facilities for leisure, they can use them for business functions if the need arises.
Carpmael Thirty Eight Residences was launched in 2020.
Other Paya Lebar condo new launch projects
Listed below are some of the latest condo launches in the Paya Lebar area that are worth checking out.
For a more complete list of new or launching condo projects throughout Singapore, visit our New Condo Launch in Singapore 2021 Ultimate Guide.