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 initial hyper-mixed project, with the inclusion of 3 establishments: a residential tower, a serviced flat block, and a mixed-use establishment 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. Moreover, the venture will integrate sustainability attributes like alliance with the Marina Bay District Cooling Network.
In a submission to the Singapore Exchange, SingLand mentions Marina Residential Property development has actually participated in 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 an entirely managed 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%.
The procurement 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 guidelines. The Audit & Risk Board has actually evaluated the terms and located them to be fair and not biased to minority investors.
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.
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 Project, for $99.1 million. This action settles possession in advance of a suggested partial redevelopment of Marina Square, that goes through regulating confirmation.
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 obtained in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
The project is accountable to regulative authorization, with SingLand anticipated to deliver 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 improvement right into a lively waterside lifestyle centre,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property.
