Malaysia, Singapore SWFs jointly develop realty projects
Sovereign wealth funds Khazanah Nasional Berhad of Malaysia and Temasek Holdings of Singapore have established a 60/40 real estate joint venture, respectively, called M+S Pte. Ltd. to develop four land parcels in Singapore's Marina South and Ophir-Rochor districts. They have also launched Pulau Indah Ventures, which is a 50/50 JV that will develop projects in Iskandar Malaysia, based in Johor.
The the initiatives have been suppored by the prime ministers of Malaysia and Singapore. The projects will be overseen by Mapletree Investments, which Temasek indirectly owns a 100% stake in, as well...
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