SingLand advances Marina Square revamp with $99.1 mil land acquisition
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.
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 establishments: a residential tower, a serviced flat block, and a mixed-use establishment with hospitality, business office, 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 attributes including alliance with the Marina Bay District Cooling Network.
The project is accountable to regulative confirmation, with SingLand projected 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 improvement right into a vivid waterside lifestyle centre,” SingLand specified, 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 housing usage. The plan obtained in-principle confirmation under URA’s Strategic Development Incentive (SDI) system.
Singapore Land Group (SingLand) has released an inner 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 control in advance of a recommended partial redevelopment of Marina Square, that undergoes regulating authorization.
In a submission to the Singapore Exchange, SingLand mentions Marina Residential Property development has actually participated in 4 sale and acquisition arrangements with Marina Centre Holdings (MCHPL), Hotel Marina City, Aquamarina Hotel and Marina Bay Hotel to obtain the land plot. Marina Residential Property development is an entirely operated 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%.
The purchase is categorized as an interested individual deal yet does not need investor authorization, as its value is below the limit established by SGX-ST listing guidelines. The Audit & Risk Board has actually evaluated the terms and located them to be fair and not biased to minority investors.
