Milestone for Lendlease PLQ mixed-use project
Mixed-use development Paya Lebar Quarter (PLQ) by Lendlease has celebrated the topping out of its first office tower, with a ceremony attended by Minister for National Development Lawrence Wong.
The developer says there is already a strong pre-commitment for the S$3.2 billion (US$2.4 billion) Lendlease PLQ project’s retail, residential and office components.
PLQ mall, set to open late this year, already has more than 40 per cent of its space spoken for, including shops and restaurants leased or under final offer.
Being progressively completed, there are three office towers in the 4ha office, residential, leisure and retail development. It will be one of the largest business and lifestyle precincts in Singapore, including more than 400 apartments, with 210 of them being sold in just one day last year.
“PLQ represents the best of inclusive urban spaces and workplace ecosystems for seamless and vibrant lifestyles, where people want to work, live, dine and shop,” says Lendlease Asia CEO Tony Lombardo.
To address the growing demand for flexible spaces in Singapore, up to 15 per cent of the office space is allocated for co-working. Also, the workforce at the three office towers will have access to landscaped public green spaces with Wi-Fi service. They will also have access to more than 200 shops at PLQ mall with entertainment and F&B options including al-fresco dining.
PLQ is one of 13 major urban regeneration projects across key international gateway cities undertaken by Lendlease as part of its global development pipeline.