M+S doing well, says Singapore PM
SINGAPORE: The Malaysia-Singapore jointventure company, M+S Pte Ltd, is doing well, says Singapore Prime Minister Lee Hsien Loong.
M+S is a joint venture owned by Malaysia’s Khazanah Nasional Bhd and Singapore’s Temasek Holdings. It was entrusted to carry out a joint development in Marina South and the Ophir-Rochor area in Singapore, as well as of Iskandar Malaysia.
“I see the projects at Marina South and Ophir-Rochor ... both buildings are coming up and rising steadily. I read that they have reasonable sales so I think the projects will succeed,” said Lee in an interview with Bernama on Monday.
In June this year, M+S announced that it has secured strong office leasing precommitments of over half a million square feet for Marina One.
The 3.67 million sq ft development comprises Marina One East and West Towers, two prime Grade-A office towers of about 1.88 million sq ft, 1,042 units of luxurious city residences, 140,000 sq ft of retail space and 65,000 sq ft of greenery.