Paya Lebar Square office units to go on sale in Dec

A consortium comprising Low Keng Huat, Guthrie and Sun Venture Group has announced plans to start selling strata office units in its S$900 million office and retail development, Paya Lebar Square, in December.

Located next to Paya Lebar MRT station, the 13-storey development is set for completion by mid-2014.

The office component will have 550 strata units, 50 percent of which will have a built-up area of 480 sq ft. Indicative prices for the units range from S$1,650 psf to S$2,000 psf.

Overall, there will be around 430,000 sq ft of offices for strata sale.

With about 95,000 sq ft of net lettable area (NLA), the retail podium will occupy Basement 1 to Level 2.

The podium is designed to accommodate a food court, supermarket, food and beverage (F&B) outlets and a banking hall.

Parking lots are located on levels 2 and 3, while the offices will occupy levels 4 to 13.

Paya Lebar Square will be integrated with the Paya Lebar MRT Interchange station. Basement 1 will be linked to the Circle Line station, while Level 1 will be connected by a sheltered walkway to the East-West Line station.

Meanwhile, Low Keng Huat, Guthrie and Sun Venture Group hold 80 percent, 10 percent and 10 percent respectively in Paya Lebar Development Pte Ltd.

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