AWARDS: M+S enhances work-live-play lifestyle

M+S is 60% owned by Khazanah Nasional and 40% by Temasek Holdings, and was set up in 2011 to develop two mega integrated developments in Singapore — Marina One in the Marina Bay Financial District, and DUO in downtown Bugis. The company was named one of the recipients of the Top Developer Award for its development and management of Marina One and DUO, at the EdgeProp Singapore Excellence Awards 2018 on Oct 3.
Marina One comprises two residential towers with 1,042 luxury units, 1.88 million sq ft of Grade A office space in two office towers, and a 140,000 sq ft retail podium. DUO is located beside the Bugis MRT station and comprises one residential tower — the 660-unit DUO Residences — and a second tower consisting of 20 floors of Grade A office space spanning 570,000 sq ft, as well as the five-star, 342-room Andaz Singapore hotel by Hyatt.
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M+S is behind the development of the integrated developments DUO (above) and Marina One (Pictures: Samuel Issac Chua/The Edge Singapore)
Both developments were completed last year and have become iconic architectural developments in their respective areas, says Kemmy Tan, CEO of M+S. Beyond that, she is happy that a community has begun to develop around both developments, comprising residents, office workers, and weekend shoppers. The wide variety of retail and entertainment options available in Marina One and DUO has transformed the way office tenants and residents work, live, and play, as they spend most of their time in and around the developments throughout the day without having to step out.
Following the completion of the integrated developments, M+S is now fully focused on stabilising the operations of the various residential, retail, and office components, and optimising their commercial value, says Tan. Only a handful of residential units at DUO remain unsold, while the office space is almost entirely committed. The Andaz Singapore hotel has also seen its occupancy increase, and the retail podium has become a dining destination in the area. At Marina One, 90% of the office space has been committed and 80% of the retail space leased, while more than half of the residential units are sold. Both projects have “exceeded expectations”, she says.
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M+S will do more to foster the community bonds within our developments, so that residents can truly experience the lifestyle of an integrated development, says Tan.