Singapore and Malaysia PMs unveil model of S$7-billion Marina One project
Singapore and Malaysia unveil Marina One project. (Yahoo! Photo)
The model of the S$7-billion Marina One development was unveiled by Malaysian Prime Minister Najib Razak and Singaporean Prime Minister Lee Hsien Loong Tuesday.
Marina One will comprise luxury residential towers, office buildings and a retail podium in the Marina South, which is being shaped as Singapore’s new business district.
Expected to be completed in 2017, the development will be connected to Marina Bay MRT station. In total, it will cover a gross floor area of 3.67 million square feet.
Marina One is designed by architect Christoph Ingenhoven, who is known for creating the look of the Google headquarters in Mountain View, California.
It is a project by M+S Pte Ltd, a 60-40 joint venture between Malaysia’s and Singapore’s sovereign wealth funds Khazanah Nasional Berhad and Temasek Holdings, respectively.
Lee described Marina One as “an iconic project in our new business district for many more years to come”.
Both prime ministers are excited for this project with Najib, in town for the fourth leaders’ retreat of the two countries, labelling Marina One as the “winner” of Marina South.
Chairman of M+S, Azman Yahya, said, “This momentous collaboration between Malaysia and Singapore will position Marina One on the world map as a new financial centre attracting businesses.”
Another integrated development project, DUO Residences, was also displayed at the Marina One showroom. This S$4 billion project covers 2.7 hectares of land between Ophir Rd and Rochor Rd, and it consists of the same facilities as Marina One, but time with an added five-star hotel.
The prime ministers will be unveiling an urban resort development situated in Medini Iskandar Malaysia in Johor Bahru soon.
