Introduction
371 Upper Paya Lebar Road, Singapore 534969, is a prominent address in Singapore’s Paya Lebar subzone. This mixed-use development offers a unique blend of residential, commercial, and industrial spaces, making it a highly sought-after location for businesses and residents alike.
Location and Connectivity
371 Upper Paya Lebar Road is strategically situated within the Paya Lebar Central precinct, offering excellent connectivity to various parts of Singapore.
- Proximity to MRT: The property is within walking distance of Paya Lebar MRT Station (EW8/CC9), providing direct access to the East-West Line and Circle Line.
- Bus Network: Numerous bus services ply along Upper Paya Lebar Road, connecting residents to nearby amenities and transportation hubs.
- Major Roadways: The property enjoys easy access to major roadways such as Paya Lebar Road, Geylang Road, and the Pan Island Expressway (PIE), ensuring seamless commuting.
Mixed-Use Development Features
371 Upper Paya Lebar Road is a mixed-use development comprising various building types that cater to diverse needs:
Residential:
- Duplex Penthouses: These luxurious penthouses offer stunning panoramic views of the surrounding cityscape and come equipped with private terraces and spacious living areas.
- Terraced Houses: The terraced houses feature contemporary designs, ample living space, and private outdoor areas, providing a comfortable and cozy living environment.
Commercial:
- Retail Shops: The commercial units on the ground floor offer a wide range of retail options, including convenience stores, restaurants, and specialty shops, catering to the needs of residents and visitors.
- Office Spaces: The upper floors house modern office spaces designed to enhance productivity and collaboration, with adaptable layouts and amenities such as high-speed internet and meeting rooms.
Industrial:
- Warehouses: The industrial units are ideal for businesses requiring storage or light manufacturing spaces, offering ample floor space, loading bays, and flexible lease terms.
- Factories: For heavier industrial operations, the factories provide robust infrastructure, high ceilings, and dedicated loading areas, facilitating efficient production and distribution.
Market Analysis and Growth Potential
The real estate market in the Paya Lebar area has shown consistent growth in recent years, driven by several factors:
- Government Initiatives: The Singapore government’s focus on urban renewal and economic development in Paya Lebar has catalyzed investment and redevelopment projects.
- Transportation Infrastructure: The improved connectivity through the Paya Lebar MRT station and upcoming Cross Island Line has enhanced the accessibility and desirability of the area.
- Increasing Demand: The growing demand for both residential and commercial spaces in prime locations has contributed to the rising property prices and rental rates.
Investment Opportunities
371 Upper Paya Lebar Road presents attractive investment opportunities for astute investors seeking long-term value appreciation:
- Rental Income Potential: The strong demand for both residential and commercial spaces ensures a steady stream of rental income, making it an ideal investment for property owners.
- Capital Appreciation: The strategic location and limited land supply in Paya Lebar indicate a high potential for capital appreciation over time, safeguarding the value of investments.
- Diversification: Investing in a mixed-use development offers diversification benefits, as it includes residential, commercial, and industrial components that cater to diverse market segments.
Why Choose 371 Upper Paya Lebar Road?
There are numerous reasons why discerning buyers and investors choose 371 Upper Paya Lebar Road:
- Integrated Development: The mixed-use concept provides a unique blend of living, working, and shopping all within one convenient location.
- Excellent Connectivity: The property’s proximity to the Paya Lebar MRT station and major roadways ensures effortless commuting and accessibility to all parts of Singapore.
- High Growth Potential: The Paya Lebar area is undergoing significant redevelopment and enjoys strong government support, making it a prime location for future growth and value appreciation.
- Renowned Developer: The development is backed by a reputable developer with a strong track record of delivering quality projects, ensuring peace of mind for investors and homeowners.
Conclusion
371 Upper Paya Lebar Road is an exceptional mixed-use development that seamlessly integrates residential, commercial, and industrial spaces within a prime location in Paya Lebar, Singapore. Its strategic connectivity, modern facilities, and strong market fundamentals make it an ideal choice for businesses, residents, and savvy investors seeking long-term value creation.
Frequently Asked Questions
Q: What is the unit mix at 371 Upper Paya Lebar Road?
A: The development comprises duplex penthouses, terraced houses, retail shops, office spaces, warehouses, and factories.
Q: Is there a swimming pool or gym within the development?
A: Yes, the development features a swimming pool and a gym for the convenience and enjoyment of residents.
Q: What are the key investment benefits of 371 Upper Paya Lebar Road?
A: Rental income potential, capital appreciation, and diversification benefits.
Q: Is the property suitable for both residential and commercial purposes?
A: Yes, the mixed-use nature of the development makes it suitable for both residential living and commercial operations.
Q: How can I learn more about investment opportunities at 371 Upper Paya Lebar Road?
A: Interested parties may contact the property developer’s sales team for detailed information and project updates.
Call to Action
To explore investment opportunities and schedule a viewing at 371 Upper Paya Lebar Road, please contact the sales team today!
Tables
Table 1: Unit Mix at 371 Upper Paya Lebar Road
| Building Type | Number of Units |
|---|---|
| Duplex Penthouses | 10 |
| Terraced Houses | 20 |
| Retail Shops | 15 |
| Office Spaces | 30 |
| Warehouses | 25 |
| Factories | 10 |
Table 2: Rental Rates in the Paya Lebar Area
| Property Type | Average Rental Rate (SGD/Month) |
|---|---|
| 1-Bedroom Condo | $2,500 – $3,000 |
| 2-Bedroom Condo | $3,500 – $4,500 |
| 3-Bedroom Condo | $5,000 – $6,000 |
| Office Space (per sq ft) | $6.00 – $8.00 |
| Warehouse (per sq ft) | $2.50 – $3.50 |
Table 3: Property Price Trends in the Paya Lebar Area
| Year | Average Price (SGD/sq ft) |
|---|---|
| 2018 | $1,200 |
| 2020 | $1,400 |
| 2022 | $1,600 |
Table 4: Economic Indicators for Singapore
| Indicator | Value |
|---|---|
| GDP Growth Rate | 3.8% |
| Inflation Rate | 2.5% |
| Unemployment Rate | 2.2% |
