M+S confirms S$1.58 billion Duo sale to Allianz-Gaw team-up

Singapore

THE national joint venture between Malaysia and Singapore is divesting part of a signature mixed-use project in the Republic's Ophir-Rochor precinct, as reported by The Business Times in May.

M+S Pte Ltd will sell the office and retail areas of Duo for S$1.575 billion, or S$2,570 per square foot (sq ft) of net lettable area, the developer said in a statement on Monday night. The land has a 99-year leasehold tenure.