The area has been earmarked by the Urban Redevelopment Authority to be a vibrant new growth area for residential, commercial and lifestyle activities.[1]
The developer is M+S Pte Ltd, a 60:40 joint venture between Malaysia's investment fund Khazanah Nasional and Singapore's investment company Temasek Holdings. Marina One occupies one of the two land parcels developed as part of a 1990 land swap deal between Malaysia and Singapore. Wholly owned subsidiaries of the two funds - Mapletree Investments and UEM Sunrise Berhad were appointed project managers.[2]
Designed by Christoph Ingenhoven, Marina One covers a total gross floor area of approximately 3.67 million square feet. It includes two 34-storey residential towers, two 30-storey prime grade A office towers and a retail podium named 'The Heart', featuring lush greenery and landscaping by Gustafson Porter and ICN Design. Both were landscape architects behind Singapore's Gardens by the Bay in Marina South.
SRX estimates the market price of this unit at $XXXXXX
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