District 14
Paya Lebar
The east's commercial and lifestyle hub
Overview
Precinct overview
Paya Lebar Central is a URA-designated regional commercial hub anchored by integrated developments and the future release of the 800-hectare Paya Lebar Airbase site from 2030 — one of the largest urban land transformations ever planned in Singapore.
Investment advantages
- Paya Lebar Airbase relocation unlocking 800 hectares
- Height restrictions lifting across the eastern region
- Established retail and office critical mass
- Circle and East-West Line interchange
Market performance
Current indicators
- Residential median
- S$2,120 psf
- Office rent
- S$8.10 psf/mo
- Occupancy
- 94.2%
- Gross rental yield
- 3.7 – 4.2%
Residential median: +6.4% year-on-year
Office rent: +3.6% year-on-year
Occupancy: Office
Gross rental yield: Residential
Rental demand
Strong local and regional-expatriate family demand for larger three-bedroom formats.
Office demand
Decentralised occupiers value Grade A space at roughly 65% of CBD rents with equal connectivity.
Residential demand
Limited new private supply against a large upgrader catchment in the east.
Connectivity
Infrastructure & transportation
Infrastructure
- Paya Lebar Quarter integrated development
- Paya Lebar Airbase redevelopment (from 2030)
- Pan Island Expressway and Kallang–Paya Lebar Expressway
- Geylang River park connector
MRT connections
- Paya Lebar (EW/CC)
- Dakota (CC)
- Eunos (EW)
Business districts
- Paya Lebar Central
- Tai Seng
- Ubi
Current developments
- Elevate Paya Lebar Central
Featured projects
