Park Place Residences At Plq

Park Place Residences At Plq is a leasehold (99 yrs from 2015) apartment completed in 2019. It is developed by ROMA CENTRAL PTE LTD/MILANO CENTRAL PTE LTD/VERONA CENTRAL PTE LTD. The development occupies a land area of 20,695 sqm and a Gross Floor Area of 86,918 sqm. It consists of 429 units. According to records, buyers of this development are Singaporean 82.8%, PR 12.4%, Foreigner 4.8%, Company 0.0%.

PARK PLACE RESIDENCES AT PLQ is located along Paya Lebar Road in Geylang, in District 14. It is accessible through the nearest MRTs including Paya Lebar CC9, EW8 and Dakota CC8.

Based on transaction data in the last 12 months, sale prices range from S$ 1,882 psf to S$ 2,366 psf at an average of S$ 2,235 psf. Its highest recorded transaction was S$ 2,442 psf in Sep 2023 for a 484-sqft unit. Its lowest recorded transaction was S$ 1,579 psf in Mar 2017 for a 1,076-sqft unit. Its current rental yield is at 4.0%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, THE SEAFOOD MARKET PLACE (BY SONG FISH) PTE. LTD., and 3 Shopping Mall(s): Tanjong Katong Complex, PLQ Mall, City Plaza.

Buyers and tenants are attracted to District 14, which covers Eunos, Geylang, Kembangan and Paya Lebar. It is one of the most historically and culturally rich zones. These areas comprise predominantly HDB flats, private non-landed homes and shophouses. Eunos, Kembangan and Aljunied MRT stations serves the district via East-West Line, while Paya Lebar MRT station is the interchange station of East-West Line and Circle-Line. Geylang is one of Singapore's Malay settlements, and is known for its rich Malay heritage. Visitors to Geylang Serai can enjoy the sights of Ramadan lights and various foods at the bazaar during Ramadan. The neighbourhood is also home to many shophouses and a rich nightlife scene. Major shopping malls in this district are Paya Lebar Square and Kallang Wave Mall, which offer a variety of retail and dining options. Separately, Paya Lebar is envisaged to be a new sub-regional centre with industrial, technological and commercial developments.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.