SingLand advances Marina Square revamp with $99.1 mil land acquisition
The project is accountable to regulating authorization, with SingLand assumed to give further updates in 2026. Meanwhile, tasks at Marina Square and its resorts carry on as typical. “The Project is going to add to the location’s change right into a lively waterside lifestyle center,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property development.
Back in 3Q2023, SingLand acquired Provisional Permission from URA for the part redevelopment of Marina Square, that includes rezoning a part of the site for non commercial usage. The plan gotten in-principle consent under URA’s Strategic Development Incentive (SDI) plan.
The procurement is identified as an interested individual purchase yet does not need investor authorization, as its value is below the limit established by SGX-ST listing regulations. The Audit & Risk Board has actually examined the terms and located them to be fair and not biased to minority investors.
SingLand’s revised proposition to URA, sent in 2H2025, intends to change Marina Square right into Singapore’s initial hyper-mixed property, with the inclusion of 3 structures: a residential tower, a serviced flat block, and a mixed-use facility with hospitality, workplace, and performing arts areas. The project will definitely also boost the existing green location over Stamford Canal along Raffles Avenue, transforming it right into a 6,500 sqm public park. Additionally, the venture will integrate sustainability attributes like alliance with the Marina Bay District Cooling Network.
The land plot belongs to the Marina Square facility, which consists of Pan Pacific Singapore, Parkroyal Collection Marina Bay, Singapore, Mandarin Oriental, Singapore, and Marina Square Shopping Center. The complex is located on a spot location of 92,197.3 sqm.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually become part of 4 sale and investment contracts with Marina Centre Holdings (MCHPL), Hotel Marina City, Aquamarina Hotel and Marina Bay Hotel to obtain the land plot. Marina Residential Property development is a completely acquired subsidiary of MCHPL, that is mutually managed by SingLand and UOL Group. SingLand holds 77.34% of the firm, whilst UOL possesses the maintaining 22.66%.
Singapore Land Group (SingLand) has disclosed an inside rebuilding incorporating the sale of a 3,992 sqm (42,970 sq ft) land parcel at 6 Raffles Blvd inside the Marina Square facility to its secondary part, Marina Residential Property Development, for $99.1 million. This action combines possession in advance of a suggested partial redevelopment of Marina Square, that undergoes regulating confirmation.
