POSTED: 15 Nov 2013 20:58 | CNA

SINGAPORE

Duo Residences located in Bugis has received strong demand to its preview.

The preview launch for the 660-unit residential development started on Wednesday.

And by 3pm on Friday, more than 85 per cent of the 540 units released in Phase one had been sold.

The project is part of the Duo integrated development by M+S, a joint venture between Temasek Holdings and Khazanah Nasional.

The developer had priced the project at an average price of $2,000 per square foot, with over $2,600 per square foot for a studio apartment.

Singaporeans accounted for 78 per cent of the buyers, Malaysians (16 per cent) and other nationalities (6 per cent).

Kemmy Tan, Chief Operating Officer at M+S, said: “This clearly demonstrates that they appreciate the unique opportunity that this development offers, including iconic architecture, integrated offerings, connectivity with two MRT lines serving the development. There is no comparable development in this area.”

– CNA/de

http://www.channelnewsasia.com/news/business/singapore/strong-demand-for-duo/887974.html