To be managed by Hyatt Hotels and Resorts, the hotel brand is the first in Singapore and will complement DUO’s residential and commercial components.
By Khalil Adis
DUO is a mixed-use development by M+S Pte Ltd – owned 60:40 by Malaysia’s Khazanah & Singapore’s Temasek. DUO is making good progress with good take-up rates for its residences and the signing of a management agreement for its hotel arm.
M+S Pte Ltd chairman Tan Sri Azman Yahya said DUO Residences is 94 per cent sold and 84 per cent of units released in Marina One has been taken up since their launch in 2013 and 2014 respectively.
DUO is now moving onto the next phase of its development for its hotel arm to complement its residential and commercial components.
M+S Pte Ltd’s management agreement with Hyatt Hotels & Resorts will witness the hotel chain developing an Andaz hotel concept in Singapore’s up-and-coming Ophir-Rochor district, as outlined by the Urban Redevelopment Authority (URA) master plan.
“Following a rigorous selection process, we’re delighted to collaborate with Hyatt as we introduce its first Andaz hotel to Singapore as an integral part of the DUO development,” said Azman. “Andaz Singapore at DUO marks a significant milestone for M+S in our efforts to transform Singapore’s cityscape through our two iconic projects: DUO and Marina One. When completed, DUO will offer a distinctive 24/7 live-work-play environment and reaffirm Singapore’s leading position as the region’s pre-eminent investment destination.”
The Andaz brand will be the first foray in Singapore and will comprise more than 340 rooms.
According to Hyatt, Andaz Singapore aims to offer travelers a more personal experience similar to how one would treat guests when they come to visit one’s home.
“The Andaz brand is an ideal fit for the vibrant and exciting DUO development, and this hotel will join several other exciting Andaz hotels in the pipeline in locations like Delhi, Munich, and Bali. It is our pleasure to collaborate with M+S to bring Andaz Singapore to life, and we look forward to delivering on Hyatt’s promise of offering the highest level of service and hospitality to our loyal guests who will be visiting this hotel from around the world,” said David Udell, group president – Asia Pacific for Hyatt.
When completed, Andaz Singapore will offer a lounge area, restaurants and bars, a rooftop outdoor venue, meeting and event spaces, spa services, a fitness center, an outdoor swimming pool, and a gift shop.
DUO set to be the largest integrated development in Bugis
With an estimated gross development value (GDV) of S$4 billion, DUO will be the largest integrated development in the micro-market and contribute significantly to the URA’s master plan to shape the Ophir-Rochor district into a vibrant residential, business, retail, hotel and entertainment cluster to complement the existing Marina Bay and Raffles Place CBD.
When completed, DUO will consist of 660 premium residences, 570,000 square feet of prime Grade A office space, and a unique retail gallery of 56,000 square feet, all set within a park-like environment.
The development will be directly connected to the Bugis MRT Station, served by the East West and Downtown lines.
Marina One and DUO arose out of the land swop deal that was concluded in Singapore in 2011.
Under the agreement, Malaysia had agreed to give up the entire piece of land spanning from Tanjong Pagar all the way to Woodlands.
In return, both countries are currently jointly developing two projects in Singapore and Medini, Iskandar Malaysia, respectively.
M+S Pte Ltd is owned 60:40 by Khazanah and Temasek.