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19-11-13, 14:28
http://www.straitstimes.com/archive/friday/premium/money/story/overwhelming-turnout-duo-project-preview-20131115
'Overwhelming turnout' at Duo project preview
Published on Nov 15, 2013
http://www.straitstimes.com/archive/friday/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131115/ST_20131115_MTDUO15_3923754e.jpg
Agents said buyers had likely already snapped up over half of the 660 apartments at the 99-year leasehold Duo Residences (above), which is part of the Duo integrated development being built by M+S, a joint venture between Temasek Holdings and Khazanah Nasional. -- PHOTO: M+S
By Melissa Tan
THE public could have a lot fewer units to choose from when Duo Residences is launched today following a rush of sales at yesterday's preview.
Agents told The Straits Times that buyers had likely already snapped up over half of the 660 apartments at the 99-year leasehold project.
M+S chief operating officer Kemmy Tan told The Straits Times yesterday: "The turnout was overwhelming."
However, she said that she could not confirm any figures because sales were still being processed.
Sales were conducted by balloting that began yesterday afternoon with more due today.
Preview sales also began concurrently in Kuala Lumpur yesterday.
The project is part of the Duo integrated development by M+S, a joint venture between Temasek Holdings and Khazanah Nasional.
It will likely be the largest mixed development in the Bugis and City Hall area when it is completed in 2017.
Prices at Duo Residences yesterday ranged from around $1,500 per sq ft (psf) to slightly above $2,300 psf, but most units went for between $1,700 psf and $2,000 psf, according to agents who spoke to The Straits Times.
Market talk had it that more than 1,000 cheques had been submitted in the first phase of sales.
Consultants had expected the project near Kampong Glam to be priced above $2,000 psf on average, given its location and the fact that it is part of an integrated development.
Apart from the 49-storey Duo Residences residential block, the integrated development also includes Duo Tower - a 39-storey commercial and hotel complex.
It will have a retail gallery on the ground podium called Duo Galleria, which will come with a basement carpark.
The entire project, which has a gross floor area of 1.73 million square feet, has been designed by world-renowned architect Ole Scheeren, who also drew up The Interlace condominium.
The project will be managed by CapitaLand and UEM Land Holdings.
Construction is expected to start later this year.
[email protected]
'Overwhelming turnout' at Duo project preview
Published on Nov 15, 2013
http://www.straitstimes.com/archive/friday/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131115/ST_20131115_MTDUO15_3923754e.jpg
Agents said buyers had likely already snapped up over half of the 660 apartments at the 99-year leasehold Duo Residences (above), which is part of the Duo integrated development being built by M+S, a joint venture between Temasek Holdings and Khazanah Nasional. -- PHOTO: M+S
By Melissa Tan
THE public could have a lot fewer units to choose from when Duo Residences is launched today following a rush of sales at yesterday's preview.
Agents told The Straits Times that buyers had likely already snapped up over half of the 660 apartments at the 99-year leasehold project.
M+S chief operating officer Kemmy Tan told The Straits Times yesterday: "The turnout was overwhelming."
However, she said that she could not confirm any figures because sales were still being processed.
Sales were conducted by balloting that began yesterday afternoon with more due today.
Preview sales also began concurrently in Kuala Lumpur yesterday.
The project is part of the Duo integrated development by M+S, a joint venture between Temasek Holdings and Khazanah Nasional.
It will likely be the largest mixed development in the Bugis and City Hall area when it is completed in 2017.
Prices at Duo Residences yesterday ranged from around $1,500 per sq ft (psf) to slightly above $2,300 psf, but most units went for between $1,700 psf and $2,000 psf, according to agents who spoke to The Straits Times.
Market talk had it that more than 1,000 cheques had been submitted in the first phase of sales.
Consultants had expected the project near Kampong Glam to be priced above $2,000 psf on average, given its location and the fact that it is part of an integrated development.
Apart from the 49-storey Duo Residences residential block, the integrated development also includes Duo Tower - a 39-storey commercial and hotel complex.
It will have a retail gallery on the ground podium called Duo Galleria, which will come with a basement carpark.
The entire project, which has a gross floor area of 1.73 million square feet, has been designed by world-renowned architect Ole Scheeren, who also drew up The Interlace condominium.
The project will be managed by CapitaLand and UEM Land Holdings.
Construction is expected to start later this year.
[email protected]