Marina One, a landmark mixed-use development at Marina South, broke ground on Wednesday. M+S, a joint venture owned by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, says the development will provide commerce, high-end residences and retail spaces, and is on track to be completed by 2017. The 60:40 joint venture between Khazanah Nasional and Temasek came about after a landmark land...
Singapore investment firm Temasek Holdings and Malaysian sovereign wealth fund Khazanah Nasional will jointly develop prime land parcels in both countries into projects worth about S$12.2 billion. The two investment firms have established two subsidiaries - M+S Pte Ltd and Pulau Indah Ventures Sdn Bhd - for the purpose. Temasek has a 40 percent stake in M+S while Khazanah owns the remaining 60 percent...
The Ophir-Rochor and Marina South land parcels, which may be up for redevelopment by the Singapore-Malaysian joint venture company, M-S Pte Ltd, could be worth hundreds of millions of dollars. Analysts believe that should M-S decide to open up the land to developers, it could trigger fierce bidding for prime real estate. Earlier this week, the Singapore Government said the 78-year-old Tanjong Pagar...
THE quest to find an operator for Singapore's International Cruise Terminal (ICT) has hit a snag with barely 11/2 years to go before its completion. A tender to find an operator for the $500 million terminal in Marina South was held in the last quarter of last year. Response to the tender was lukewarm, with only seven companies picking up documents for it. In the end, only one firm - Singapore Cruise...
Singapore hopes to ride the wave of growth in the cruise industry with a new International Cruise Terminal which broke ground on Friday. The facility at Marina South, costing S$500 million, comes as global demand for the cruise market is estimated to hit 27 million passengers by 2020 - a two-fold growth within a decade. The cruise industry is still sailing smoothly despite the economic downturn. Global...
The government has chosen the consortium of Bermello, Ajamil & Partners and RSP Architects Planners & Engineers to design the new International Cruise Terminal at Marina South. Maunsell Consultants (Singapore) has been appointed the engineering consultant for the project. This was revealed in a joint news release by the Singapore Tourism Board (STB) and JTC Corporation (JTC) on Monday. It said...
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