SingLand advances Marina Square revamp with $99.1 mil land acquisition
The procurement is identified 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 assessed the terms and located them to be fair and not biased to minority investors.
Back in 3Q2023, SingLand got Provisional Permission from URA for the sectional redevelopment of Marina Square, that includes rezoning a section of the site for non commercial usage. The plan gotten in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
SingLand’s revised proposition to URA, sent in 2H2025, intends to change Marina Square right into Singapore’s initial hyper-mixed property, with the add-on of 3 structures: 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. Moreover, the venture will integrate sustainability elements like alliance with the Marina Bay District Cooling Network.
The land plot becomes part of 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 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 a completely managed 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%.
The project is liable to regulating consent, with SingLand assumed to deliver 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 dynamic waterside lifestyle center,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property.
Singapore Land Group (SingLand) has released 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 step combines possession in advance of a suggested partial redevelopment of Marina Square, that goes through regulating authorization.
