SingLand advances Marina Square revamp with $99.1 mil land acquisition
SingLand’s revised proposition to URA, sent in 2H2025, intends to change Marina Square right into Singapore’s very first hyper-mixed project, with the add-on of 3 structures: a residential tower, a serviced flat block, and a mixed-use facility with hospitality, workplace, and performing arts areas. The project is going to also improve 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 components like alliance with the Marina Bay District Cooling Network.
The purchase is categorized as an interested individual deal yet does not call for investor authorization, as its value is below the limit established by SGX-ST listing regulations. The Audit & Risk Board has actually assessed the terms and located them to be fair and not biased to minority investors.
Singapore Land Group (SingLand) has released an inner rebuilding associating 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 settles possession in advance of a suggested partial redevelopment of Marina Square, that goes through regulating authorization.
In a submission to the Singapore Exchange, SingLand mentions Marina Residential Property development has actually participated in 4 sale and investment arrangements with Marina Centre Holdings (MCHPL), Hotel Marina City, Aquamarina Hotel and Marina Bay Hotel to get the land plot. Marina Residential Property development is an entirely acquired subsidiary of MCHPL, that is mutually operated by SingLand and UOL Group. SingLand holds 77.34% of the business, whilst UOL possesses the maintaining 22.66%.
Back in 3Q2023, SingLand acquired Provisional Permission from URA for the sectional redevelopment of Marina Square, that includes rezoning a section of the site for home usage. The plan gotten in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
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 normal. “The Project is going to add to the location’s makeover right into a lively waterside lifestyle centre,” SingLand specified, emphasizing its dedication to lasting and innovative city property development.
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 Mall. The complex is located on a spot location of 92,197.3 sqm.
