Duo Residences will be developed by the joint company M+S Pte Ltd, which is 60 per cent owned by Malaysia’s Khazanah Nasional and 40 per cent by Temasek Holdings. M+S Pte Ltd was formed in the middle of last year to jointly develop projects in Johor, southern Malaysia and Singapore. The Joint Venture was announced on May 24, 2010 after a meeting between the Singapore and Malaysia prime minsters. The JV will be tasked with developing Tanjong Pagar and five other areas. Khazanah will control 60% of the JV with Temasek controlling the remaining 40%The Singapore developments, worth about S$11 billion, will include development of hotels, apartments, offices and shops. This will cover six land parcels in Marina South and Ophir-Rochor. The four parcels at Marina South have a gross floor area of up to 341,000 square metres and the two sites in Ophir-Rochor have a gross floor area of about 160,000 square metres.
|Developer||M+S Pte Ltd||Estimated TOP||TBC|
|Location||Ophir Road||Est. Quantum PSF||TBC|
|District No.||7||Buyers Eligibility||Locals/PR/Foreigners|
|Plot Size||Distance to MRT||Mins walk to future Rochor MRT|
|No. of Blocks||Payment Scheme||Progressive Payment|
|Units Composition||Carpark Lots|
|Unit Type and Size|