Khazanah, Temasek confirms $1.2B USD property sale in Singapore

SINGAPORE – The national joint venture between Singapore and Malaysia is selling part of the office and retail areas of the DUO property complex worth $1.2B USD said in a statement on Monday night.

The joint venture called M + S Pte Ltd will be disposing their entire stake on its wholly owned subsidiary, Ophir-Rochor Commercial Pte Ltd. The sale announced in a statement yesterday includes DUO Tower and DUO Galleria located right outside the city-state’s financial district.

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