Duo Residences
Duo @ Ophir-Rochor
- MIXED DEVELOPMENT WITH RESIDENTIAL, HOTEL, RETAIL, MRT
- Joint Venture Between Singapore's Temasek Holdings & Malaysia's Khazanah Nasional.
DUO – A S$3 billion mixed development set to vastly enhance the Bugis skyline
DUO – VIEW FROM THE STREETS
DUO – JOINT VENTURE BETWEEN TEMASEK AND KHAZANAH
DUO is jointly developed by Singapore's Temasek Holdings and Malaysia's Khazanah Nasional. This is a iconic integrated development in the heart of Singapore at Rochor, comprising of residential and commercial units.
DUO is slated for completion in year 2017. The residential tower will feature 660 residential units while the office building will house prime office space, a five-star hotel and retail gallery, according to developers M+S, a 60:40 joint venture between Khazanah and Temasek.
DUO – REVIEW OF MODEL WITH ARCHITECT OLE SCHEEREN
- MIXED DEVELOPMENT WITH RESIDENTIAL, HOTEL, RETAIL, MRT
- Joint Venture Between Singapore's Temasek Holdings & Malaysia's Khazanah Nasional.
DUO – A S$3 billion mixed development set to vastly enhance the Bugis skyline
DUO – VIEW FROM THE STREETS
DUO – JOINT VENTURE BETWEEN TEMASEK AND KHAZANAH
DUO is jointly developed by Singapore's Temasek Holdings and Malaysia's Khazanah Nasional. This is a iconic integrated development in the heart of Singapore at Rochor, comprising of residential and commercial units.
DUO is slated for completion in year 2017. The residential tower will feature 660 residential units while the office building will house prime office space, a five-star hotel and retail gallery, according to developers M+S, a 60:40 joint venture between Khazanah and Temasek.
DUO – REVIEW OF MODEL WITH ARCHITECT OLE SCHEEREN
Deverloper
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 , has signed property development loans with eight banks, which are reportedly worth S$5 billion.
According to reports, the three local banks, DBS Bank, OCBC Bank and United Overseas Bank, as well as Malaysia-based Maybank, is lending S$850 million each.
Meanwhile, Australia & New Zealand Banking Group, Sumitomo Mitsui Banking Corp and Bank of Tokyo-Mitsubishi UFJ Ltd each extended loans of S$500 million.
Malaysia's CIMB Group Holdings also lent S$100 million.
Temasek's spokeswoman Serena Khoo confirmed that M+S Pte Ltd has signed the loan with the eight banks and wire reports also said that Khazanah's spokesman Mohd Asuki Abas confirmed the loan as well. However, both declined to confirm the loan amount.
M+S Pte Ltd was formed in the middle of last year to jointly develop projects in Johor, southern Malaysia and Singapore.
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.
Meanwhile, the three billion ringgit (US$981 million) worth of projects in Johor's Iskandar region will include retail space, residential units and "wellness-related offerings".
Location
Duo Residences will have direct basement level connections to the new Bugis Interchange MRT station, with immediate access to the existing East-West RTS line and the recently announced Downtown RTS line that is scheduled to be operational in 2013.
This will provide the future development with convenient rail connection to the financial and business hub at Raffles Place and Marina Bay as well as the shopping, dining and entertainment destinations at Orchard Road and Singapore River.
In addition, the future mixed-use development will also have a direct access to Singapore Changi Airport via the East Coast Parkway.
Given its strategic location, Duo Residences is envisioned to be developed with high-quality buildings with contemporary architecture and innovative urban design that respond positively to the surrounding fine-grain, street-based conservation areas and the lush, mature greenery to create a high-density, sustainable development, incorporating environmentally-friendly design and technologies.
The units will also enjoy unobstructed panoramic views across the city to Marina Bay and the new Sports Hub at Kallang.
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 , has signed property development loans with eight banks, which are reportedly worth S$5 billion.
According to reports, the three local banks, DBS Bank, OCBC Bank and United Overseas Bank, as well as Malaysia-based Maybank, is lending S$850 million each.
Meanwhile, Australia & New Zealand Banking Group, Sumitomo Mitsui Banking Corp and Bank of Tokyo-Mitsubishi UFJ Ltd each extended loans of S$500 million.
Malaysia's CIMB Group Holdings also lent S$100 million.
Temasek's spokeswoman Serena Khoo confirmed that M+S Pte Ltd has signed the loan with the eight banks and wire reports also said that Khazanah's spokesman Mohd Asuki Abas confirmed the loan as well. However, both declined to confirm the loan amount.
M+S Pte Ltd was formed in the middle of last year to jointly develop projects in Johor, southern Malaysia and Singapore.
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.
Meanwhile, the three billion ringgit (US$981 million) worth of projects in Johor's Iskandar region will include retail space, residential units and "wellness-related offerings".
Location
Duo Residences will have direct basement level connections to the new Bugis Interchange MRT station, with immediate access to the existing East-West RTS line and the recently announced Downtown RTS line that is scheduled to be operational in 2013.
This will provide the future development with convenient rail connection to the financial and business hub at Raffles Place and Marina Bay as well as the shopping, dining and entertainment destinations at Orchard Road and Singapore River.
In addition, the future mixed-use development will also have a direct access to Singapore Changi Airport via the East Coast Parkway.
Given its strategic location, Duo Residences is envisioned to be developed with high-quality buildings with contemporary architecture and innovative urban design that respond positively to the surrounding fine-grain, street-based conservation areas and the lush, mature greenery to create a high-density, sustainable development, incorporating environmentally-friendly design and technologies.
The units will also enjoy unobstructed panoramic views across the city to Marina Bay and the new Sports Hub at Kallang.
Website: www.theduoresidences.com
References: www.theduoresidences.com