Free Malaysia Today, 11 Nov 2013Khazanah Nasional Bhd and Singapore’s Temasek Holdings Pte Ltd are jointly developing posh residential and commercial projects in the island state with a gross development value (GDV) of RM10.2 billion.
The integrated real estate venture named DUO, is undertaken by M+S Pte Ltd, a joint venture (JV) between both Khazanah, Malaysia strategic investment fund, and Temasek, Singapore’s state-owned investment arm.
M+S will develop four land parcels in Marina South and two land parcels on Ophir- Rochor road, a business district — each as an integrated development.
The mixed project on Ophir-Rochor road comprises two towers — one featuring 660 premium residences and the other offering office space, a 39-storey five-star hotel and retail gallery. This project will be launched in the middle of this month. Full story
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