A joint venture company between the Malaysian and Singaporean government will build an integrated development in the city state with a gross development value of S$3 billion (RM7.5 billion) on a plot that was part of the 2010 KTM land-swap deal.
The project - called DUO - is to be build on one of six parcels of land given to M+S Pte Ltd which is 60 per cent owned by Malaysia state investment arm Khazanah Nasional and 40 per cent by Singapore sovereign wealth fund Temasek. Full story
