New integrated development DUO Residences situated right beside Bugis MRT is expected to gather strong interest from Malaysian property buyers. The show gallery was open in KL in Plaza Mont last Friday
DUO Residences is one of the 2 major projects by Singapore’s Temasek Holdings as well as Malaysia’s Khazanah Nasional. DUO Residences will consist of 2 towers. One with 660 units of prime residences and the other will consist of Grade A office space as well as a five-star hotel with commercial space. This is in line with Urban Redevelopement Authority to re-invent the whole bugis area and rejuvenate the area.
COO of M+S commented that as DUO Residences will be well received as it is served by 2 MRT Lines. Also, he expects DUO Residences to be very well-received in Malaysia as Malaysia investors are looking for property investment overseas and sees Singapore as a good place for investment due to its stable property environment as well as the strong currency movement.
While DUO Residences may be a good investment, many Malaysian buyers could be looking at The Hillford Condo in Jalan Jurong Kechil. This is because many Malaysians are comfortable with a 60 year lease condo. Moreover, the quantum for The Hillford is exceptionally low and this opens up a new segment of buyers who are looking for a bargain hunt