A Intergrated Development
Brought to You by M+S Pte Ltd
A Joint Venture between
Khazanah National Berhad and
Temasek Holdings Singapore
Choices of Studio/ 1 Bedroom/ 1BR+Study/
2 Bedroom/ 2 BR+S/ 3 BDRms/ 4 BDRms
For Showflat Appointment/ Presentation
Please Register with Us
for Your financing and the Lowest Price!!
Duo Residences is a mixed development comprising of residential units, offices, retails and hotel. It offers a place where residents work, live and play all under one roof. It is located in a strategical location in the junction of Beach Road, Ophir Road and Rochor Road. It is just beside Parkview Square and opposite of The Gateway. This 99 years development is estimated to be completed in 2017. Duo Residences‘ total plot size is more than 285,000 square feet. Upon completion, this huge piece of land will hosts 660 luxurious homes, more than 80,000 square feet of retails, 21 levels of Grade A offices and a 5-star hotel.
The Bugis Train Station which service East West Line is just right next door. Duo Residences’ residents will enjoy lots of conveniences which Bugis Downtown Line Station opens 2015. It will be a breeze for Duo Residences’ future residents to commute to any part of the island. Traveling to Orchard or the CBD is just a 4 minutes’ train ride. For drivers, it, a mere 5 minutes’ drive will take you from Duo Residences to Orchard and the financial district. Duo Residences is also easily accessed to the East Coast Parkway (ECP) and the Central Expressway (CTE) which makes it hassle free to get to any part of the island.
Schools that are near to Duo Residences include Stamford Primary School, Farrer Park Primary School, St Margaret’s Primary School and also Singapore Management University.
When it comes to retail, dining, leisure and entertainment facilities it is never a problem as there are many just right at the doorsteps with the upcoming generous retail areas. For more dining and retail options, there is also the nearby Bugis Junction, Bugis+, Suntec City, Millenia Walk and Marina Square all within walking distance. There are also many eateries offer at Liang Seah Street and Tan Queen Lan Street which are just minutes’ of stroll away. Other shopping malls which are near to Duo Residences include Raffles City, The Verge, Esplanade Mall, Peninsula Shopping Centre, Excelsior Shopping Centre, Funan DigitaLife Mall, Plaza Singapura, Marina Bay Sands Shoppes, The Central and Orchard Plaza.
To access to delicious and economical local delicacies, there are many food centres that are located close proximity to Duo Residences such as Golden Mile Food Centre, Albert Centre Market & Food Centre, North Bridge Road Market and Food Centre, Tekka Market & Food Centre and Berseh Food Centre.
Duo Residences is also close to many recreation clubs and sports hubs which offers endless leisure activities. The Jalan Besar Stadium Water-Venture at Kallang and the upcoming Singapore Sports Hub will offer countless land sports and sea sports facilities to Duo Residence’s future residents. Its site also also near to various parks, such as Esplanade Park, Kallang Riverside Park and Fort Canning Park, which provides future residents a moment of tranquility and enjoyment of their surrounding greenery. There are hardly any problem finding amenities when living in Duo Residences.
In terms of investment, Duo Residences will be very attractive to tenants with its superior location and closeness to plenty of amentities. The development is rare as it is one of its kind in the vicinity. This factor coupled with the opening of the Downtown Line will likely give a big push to its value appreciation.
For further updates, simply Register Here and we will contact you soonest.
| Project | Duo Residences |
| Developer | M+S Pte Ltd (Collaboration between Khazanah Nasional Berhad & Temasek Holdings) |
| Location | Fraser Street, Beach Road, Singapore |
| District | 07 |
| Tenure | 99 years lease from 1st July 2011 |
| Site Area | 287,000sqt/ 26,688 sqm |
| GFA: | sqft |
| Plot Ratio | |
| Expected TOP: | 31th December 2017 |
| Total Units | 660 premium units (49-storey tower) |
| Total Carpark | 528 car parking lots, 4 handicapped car parking lots, 5 electric car charging lots and 53 motorcycle lots at basements 1, 2 and 3 |
| Development | Integrated development comprising premium residences, 5-star hotel, grade A offices and retail services comprising of The Upper Deck (Lvl 2):Herb Garden, Outdoor Cook-out Deck, Pool Deck, Grill Terrace, Party Lounge, Teppanyaki Pavilion, Spa Pool, 50m Lap Pool, Floral Walk, Outdoor Sitting Lounge The Green Enclaves (Lvl 3):Garden of Lamps, Water Court, Garden of Chimes The Inner Space (Lvl 20):Teacup Terrace, Seating Terrace, Contemplation Terrace, Card/Games Terrace, Swing Terrace, Hobby Terrace The Peak (Lvl 31): Sky Pool, Kid’s Pool, Jacuzzis, Gym Lounge, Dance Deck, Multi-Purpose Room, Lounge Deck, Landscaped Terrace, Pool Deck, Family Jacuzzi, Spa Cabana, Aqua Gym, Gymnasium, Outdoor Fitness Corner, Practice Deck, Dining Lounges |
| Unit Type: | Studio: 420 -527 sqft 1 BR, 1+Study: 538 – 743 sqft 2 BR, 2+Study: 818 – 1184 sqft 3 BR: 1432 – 1722 sqft 4 BR: 1841 – 1927 sqft |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner |
| Category | Important Amenities Near Duo Residences | Approximate Distance |
| Train Stations | Bugis (EW12/DT14) Downtown Line Due 2015 | 0.1km |
| Bus Stop | Bef New Seventh Storey Hotel (Bus: 48, 57) Opp The Gateway (Bus: 100, 107, 107M, 961, 961C, 980) The Gateway (Bus: 100, 107, 107M, 961, 961C, 980) Parkview Square (Bus: 7, 32, 51, 61, 63, 80, 145, 175, 197, 851) |
0.1km 0.1km 0.1km 0.2km |
| Supermarkets | Cold Storage NTUC Sheng Siong Shop N Save |
0.4km 0.5km 0.9km 0.9km |
| Shopping Malls | Shaw Towers Bugis Junction Bugis+ Bugis Village Suntec City Concourse Shopping Mall Golden Mile Complex Millenia Walk Sim Lim Square Marina Square Raffles City The Verge Esplanade Mall Peninsula Shopping Centre Excelsior Shopping Centre Funan DigitaLife Mall Plaza Singapura Marina Bay Sands The Central Orchard Plaza |
0.3km 0.4km 0.4km 0.4km 0.4km 0.5km 0.7km 0.7km 0.8km 0.8km 0.9km 0.9km 1.0km 1.2km 1.2km 1.3km 1.5km 1.7km 1.8km 2.0km |
| Schools | Preschool | |
| PCF Kampong Glam Blk 2 PCF Kampong Glam Blk 462-3 Rosemary Hall Montessori Kindergarten Kampong Kapor Methodist Church Kindergarten PCF Jalan Besar Blk 806 Foochow Methodist Church Kindergarten Christ Church Kindergarten |
0.5km 0.7km 0.9km 1.0km 1.1km 1.4km 1.8km |
|
| Primary | ||
| Stamford Primary School Farrer Park Primary School St Margaret’s Primary School |
0.8km 1.8km 2.0km |
|
| Secondary | ||
| Outram Secondary School | 3.6km | |
| Junior College | ||
| Catholic JC | 4.0km | |
| Tertiary | ||
| Singapore Management University | 1.8km | |
| International | ||
| Swedish Supplementary Education School | 3.0km | |
| Food Centre | Golden Mile Food Centre Albert Centre Market & Food Centre North Bridge Road Market/Food Centre Tekka Market |
0.1km 0.4km 1.0km 1.2km |
| Lifestyle | Kampong Glam Constituency Sports Club War Memorial Park Singapore Recreation Club People’s Association HQ Esplanade Park Kallang Riverside Park PA Water-Venture – Kallang Jalan Besar Stadium The Legends Fort Canning Park Marina Bay Golf Course Singapore Sports Hub PWD Sports Club Singapore Indoor Stadium HomeTeamNS @ UE Shopping Mall Civil Service Club @ Tessensohn Singapore Khalsa Association |
0.4km 0.8km 0.9km 1.1km 1.1km 1.1km 1.1km 1.2km 1.5km 1.5km 1.6km 1.8km 1.8km 1.8km 1.9km 1.9km 2.0km |
Singapore - Khazanah Nasional Berhad (“Khazanah”) and Temasek Holdings (Private) Limited (“Temasek”) are pleased to announce the establishment of M+S Pte Ltd (“M+S”) and Pulau Indah Ventures Sdn Bhd (“Pulau Indah”).
Owned 60:40 by Khazanah and Temasek respectively, M+S will develop land parcels in Marina South and Ophir-Rochor in Singapore. Pulau Indah, a 50:50 joint venture between Khazanah and Temasek, will develop projects in Iskandar Malaysia in Johor.
These joint developments were supported by the Prime Ministers of Malaysia and Singapore in their Joint Statements of 24 May 2010, 22 June 2010, 20 September 2010 and 27 June 2011.
M+S develops two key sites in Singapore
M+S Pte Ltd will develop four land parcels in Marina South and two land parcels in Ophir Rochor, each as an integrated development.
An indirect wholly-owned subsidiary of UEM Land Holdings Berhad (“UEM Land”), a real estate company within Khazanah’s portfolio, and an indirect wholly-owned subsidiary of Mapletree Investments Pte Ltd (“Mapletree”), a Temasek portfolio company, have been appointed to oversee the marketing and development of the project at Marina South. For the Ophir-Rochor site, UEM Land and an indirect wholly-owned subsidiary of CapitaLand Limited (“CapitaLand”), another Temasek portfolio company, have been appointed to oversee the marketing and development.
Khazanah and Temasek are both committed to the successful commercialisation of these land parcels, which will include office, residential, hotel and retail components.
The gross development value of the project with a permitted gross floor area (“Permitted GFA”) of up to 501,020 sqm is estimated at approximately SGD11 billion (RM27 billion), subject to design and development plans.
Pulau Indah develops two new sites in Iskandar Malaysia
Khazanah and Temasek have worked together since last May to identify suitable sites in Iskandar Malaysia for joint commercial development. Two sites, one in Medini North and the other at the Heritage Cluster in Medini Central, have been confirmed.
Pulau Indah intends to develop serviced apartments, a corporate training centre, and commercial, retail, residential and wellness-related offerings on these sites. Khazanah and Temasek are currently in discussions and negotiations with potential partners and operators for the various components to maximize the commercial potential of the location.
The gross development value of the Iskandar project with a Permitted GFA of up to 1,365,675 sqm is estimated at approximately RM3 billion, subject to design and development plans.
Planning and design works for the projects had commenced in 1Q/2011. With the signing of these agreements today, the projects will move towards design and further implementation and delivery of the initial phases over the next five years.
Khazanah’s Managing Director, Tan Sri Dato’ Azman Hj Mokhtar, said: “We are honoured to be undertaking these exciting developments at these key sites in Singapore and Iskandar Malaysia with our counterparts from Singapore, Temasek Holdings. The development in Iskandar with Temasek will be highly complementary and builds on the momentum of existing and planned projects in Iskandar Malaysia, in which Khazanah has been involved since 2006. Both these projects mark our first joint development investment with Temasek, and we look forward to a strong and fruitful partnership in both Singapore and Iskandar Malaysia.”
Ms Ho Ching, Executive Director & CEO of Temasek, added: “Both the Khazanah and Temasek teams put in tremendous effort, working very closely together to develop the best ideas possible for our joint projects. We were also very fortunate to have the expert and highly professional support of leading real estate companies like UEM Land from Malaysia as well as Mapletree and CapitaLand from Singapore. I am also especially grateful for the guidance, advice and support of very experienced industry leaders who will guide the Singapore developments as key Board members of M+S. I look forward to the successful development of the projects both in Johor as well as Singapore."
STELLAR sales last week at Duo Residences, near Kampong Glam, drew attention to the cultural precinct that has now become an eclectic neighbourhood.
Kampong Glam is part of Bugis, a long-time commercial and office district, with landmarks such as Bugis Street and the National Library Building in Victoria Street.
Ms Chia Siew Chuin, director of research and advisory at Colliers International, said: "The Bugis area blends both the present and the past. It is an area that is mixed with the modernity of tall shiny steel and concrete complexes, and the heritage of buildings from a bygone era."
The latest data at property portal STProperty indicates Duo Residences garnered the highest number of page views by home buyers. The project's average asking price is $1,994 per sq ft (psf).
A total of 574 units at the 660-unit residential development had been sold as of Nov 17. It is part of the Duo project by M+S, a joint venture between Temasek Holdings and Khazanah Nasional.
Set to be the largest mixed- use project in the Bugis-City Hall area, Duo is expected to add to the area's bustle once it is completed in 2017.
Close to the Central Business District (CBD) and Orchard Road shopping belt, projects in the area can command premium prices.
For example, units at the 360-unit Concourse Skyline were sold at a median price of $2,279 to $2,839 psf from January to October, said Ms Chia.
On STProperty, Concourse Skyline came in at No.3 after Southbank, a mixed-use development in North Bridge Road.
R'ST Research director Ong Kah Seng said the location is "definitely a draw for investors" as tenants, especially expatriates on limited housing allowances who want to be near the CBD, would likely be interested.
But he added that with the high prices of city fringe homes, "owners looking to resell their units may have to price them accordingly to fit the TDSR limits of more buyers". Under the TDSR (Total Debt Servicing Ratio) framework, banks are not allowed to approve a home loan that pushes a buyer's monthly debt servicing to more than 60 per cent of his monthly gross income.
The area is going through development, redevelopment and infrastructure works, such as the Downtown MRT Line around Bencoolen and Bugis, said Chesterton Singapore research head Elaine Chow. She said: "There is potential for upside in capital values and rentals, as the Bugis area is not yet saturated with new condominiums."
Strong sales at Duo Residences reflect buyers' confidence and the appeal of the area, she added. "As such, Bugis looks set to be on the radar of investors and home buyers looking for alternative upcoming areas at the city fringe for a while."
