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SG DUO expected to attract Malaysian buyers

Property Here - Monday, November 11, 2013

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The integrated development DUO (pictured), one of two major projects in Singapore by M+S Pte Ltd, a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings, opened its show gallery in Kuala Lumpur’s Plaza Mont’ Kiara last Friday.

Located on a 26,688 sq m site along the Beach Road-Ophir Rochor corridor in the city-state, DUO comprises two towers with one featuring 660 premium residences while the other houses prime Grade A office space, a five-star hotel and a unique retail gallery. It serves as the focal point of the Urban Redevelopment Authority’s (URA) plan to rejuvenate the Bugis district via a mixed-use cluster that complements the Raffles Place and Marina Bay business districts.     

Designed by world-famous architect Ole Scheeren, DUO has a gross development value of RM10.2 billion (S$3.98 billion) and is set to become the go-to destination for young professionals.

DUO Residences offers studios, one- to four-bedroom apartments and penthouses spread across the entire 49-storey residential tower. Facilities include an exclusive residence entrance, secured private lift lobbies and four landscape decks that feature a 50-metre lap pool, recreational lounges and wellness areas. 

Kemmy Tan, Chief Operating Officer, M+S Pte Ltd, said: “Our integrated concept, with a comprehensive offering of a five-star hotel, Grade A office space and quality retail shops served by two MRT lines right at the doorstep provides DUO’s residents and occupants a lifestyle of connectivity and convenience.”

In Malaysia, DUO Residences is being marketed by CB Richard Ellis (Malaysia) and CBD Properties.

“For the past six months we have received good responses from Malaysians looking to invest in Singapore due to its track record of good capital appreciation coupled with strong currency performance,” noted Paul Khong from CB Richard Ellis.

“On the whole, Malaysian investors are looking for smaller units, where the price quantum does not exceed S$2 million. As a majority of DUO’s units fall into this category, we anticipate that these units will be well received,” he added.