08 Jun
Posted by admin as Investment, Paya Lebar, Property, Singapore Property, Singapore Property News
Paya Lebar was one of Singapore’s earliest commercial hubs, but it now stands neglected and
underdeveloped, with the Singapore Post Centre building its sole marker of modernisation.
Within the next 15 years, however, all that will change.
The neighbourhood around the Paya Lebar MRT station is slated for a major makeover as part of the Government’s recently unveiled draft masterplan.
It will be transformed into Paya Lebar Central, a suburban commercial node nestled between the city centre and the bustling Tampines commercial hub.
About 12ha of land around Sims Avenue and Geylang Road will be put up for development, yielding some 5.4 million sq ft of commercial space.