DUO

M+S to sell Duo’s luxury Andaz hotel to Hoi Hup Realty for S$475m

The national joint venture between Malaysia and Singapore, M+S Pte Ltd, on Tuesday announced it will sell the luxury hotel component of the signature Duo mixed-use project for S$475 million to Hoi Hup Realty. M+S said it agreed to the sale of all shares of its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), the developer and owner of Andaz Singapore, to the Singapore property developer. The...

Khazanah, Temasek to sell part of joint Singapore property for about US$1.2 billion

A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday (Jul 29). The joint venture named M+S Pte Ltd will sell all the shares of its wholly owned subsidiary, Ophir-Rochor Commercial Pte Ltd, worth S$1.575 billion (US$1.15 billion) to Allianz Real...

Duo offices, hotel, retail space said to be going on the market

M+S Pte Ltd, the joint-venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdlings, has appointed JLL to advise it on the sale of the office, hotel and retail components of the Duo project along Beach Road, said sources. They told The Business Times that the combined asking price for the above components is about S$2 billion. The joint-venture company has sold almost all the 660...

DUO unveils new Andaz Hotel

Property developer M+S has roped in hotel operator Hyatt to operate a hotel in its upcoming DUO development. A management agreement was signed on Tuesday (Jan 27), under which Hyatt will launch its Andaz brand in Singapore. M+S is a joint venture between Singapore's Temasek Holdings and Malaysia's Khazanah Nasional. Expected to open in 2017, Andaz Singapore will be a boutique lifestyle concept...

Great demand in Malaysia for Duo Residences

Upcoming condominium Duo Residences in Bugis, slated to come on stream in 2017, is set to spice up Singapore's skyline and rejuvenate the district. Nestled within the heart of the city state, Duo Residences is making waves in Malaysia. Analysts said the development will offer the largest number of homes in the city at 660 units. According to marketing materials, indicative prices for units at Duo...

DUO: New mixed use development coming up in Bugis

S$3 billion mixed development property is set to vastly alter the Bugis skyline over the next few years. Named DUO, the property will comprise residences, offices, hotel and retail space. Its developer, M+S, jointly owned by Malaysia's Khazanah Nasional and Temasek Holdings, unveiled the design of the project on Wednesday. By 2017, two new towers will be added to the Bugis skyline. Enclosed in a...

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