Paya Lebar Airbase (PLAB) will be relocated to Changi East to free up 800 hectares of land. Based on the plot ratios and the planning parameters, it will be an area bigger than Toa Payoh and Bishan. This large tract of land will be redeveloped into homes, parks, offices and factories in 2030. Analysts estimated that the area can accommodate 60,000 to 80,000 homes, aside from ancillary transport and commercial usage. Surrounding housing could command higher prices given their en bloc potential when the height restrictions are removed.
Urban Treasures condo is located at the border of the PLAB site, future residents can expect to benefit from the transformation of the area.
Paya Lebar Quarter (PLQ) is Singapore’s new business and lifestyle hub located right next to Paya Lebar MRT Station. A $3.7 billion mixed development comprises of office, retail and residential components, it was officially launched on 24th October 2019. It sits at the heart of the URA’s Master Plan to develop a cultural enclave and a dynamic regional business hub between the Changi International Airport and the Central Business District for the City’s sustainable growth in the future.
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