Marina One - jointly developed by Malaysia and Singapore is expected to be ready in 2017, after the developer M+S awarded two construction contracts amounting to S$2 billion.
A Korean consortium of Hyundai Engineering & Construction and GS Engineering & Construction will be responsible for erecting Marina One in Marina South.
An Artist Impression of Marina One
Marina One is the result of the 2010 land swap deal between Singapore and Malaysia, under which Malaysian railway land in Singapore was returned in exchange for four land parcels in Marina South and two in Ophir-Rochor.Responding, M+S Chairman Tan Sri Azman Yahya said the appointment of the three contractors was another milestone for the two iconic developments. M+S is a 60:40 joint venture between Khazanah and Temasek.
The projecs have a total development value of S$7 billion and will comprise residential, office and retail components.Construction for Marina One is expected to begin this year.