SINGAPORE: M+S Pte Ltd, the joint venture company between Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, has appointed principal contractors to develop the two highly anticipated mixed-used developments worth over S$2 billion in total.
|DUO Residences ' Artist Impression|
Japanese Obayashi Corporation was awarded the contract for DUO Residences, located in Ophir-Rochor business district. This consists of a 49-storey residential block of 660 units, a 39-storey commercial and hotel complex, and a retail gallery with basement carparks.
It is the largest integrated development within the arts, cultural and educational precinct. Meanwhile, Marina One in Marina South is to be constructed by a Korean consortium of Hyundai Engineering and Construction and GS Engineering & Construction.
This development comprises two 30-storey office blocks, two 34-storey residential blocks of 1,042 units, four basement levels, an underground pedestrian network, and an ancillary road network. Marina One's lush greenery and waterfalls is also expected to be a sanctuary for city dwellers in Singapore's new Central Business District.
Construction for both developments is scheduled to commence this year and expected to complete in 2017.