SingLand advances Marina Square revamp with $99.1 mil land acquisition
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 Mall. The complex is located on a spot location of 92,197.3 sqm.
The procurement is identified as an interested individual deal yet does not call for investor authorization, as its value is below the limit established by SGX-ST listing guidelines. The Audit & Risk Board has actually examined the terms and discovered 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 establishments: a residential tower, a serviced flat block, and a mixed-use establishment with hospitality, business office, and performing arts rooms. The project will definitely 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 include sustainability attributes like alliance with the Marina Bay District Cooling Network.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually become part of 4 sale and investment deals 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 operated subsidiary of MCHPL, that is mutually operated by SingLand and UOL Group. SingLand holds 77.34% of the firm, whilst UOL possesses the standing 22.66%.
Singapore Land Group (SingLand) has publicized an inner rebuilding associating the sale of a 3,992 sqm (42,970 sq ft) land parcel at 6 Raffles Blvd inside of the Marina Square facility to its secondary part, Marina Residential Project, for $99.1 million. This step settles possession in advance of a recommended partial redevelopment of Marina Square, that goes through regulating authorization.
The project is accountable to regulative consent, with SingLand anticipated 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 improvement right into a vivid waterside lifestyle centre,” SingLand specified, emphasizing its dedication to lasting and innovative metropolitan property development.
Back in 3Q2023, SingLand got Provisional Permission from URA for the sectional redevelopment of Marina Square, that includes rezoning a part of the site for home usage. The plan obtained in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
