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 establishments: a residential tower, a serviced flat block, and a mixed-use structure with hospitality, workplace, and performing arts rooms. 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 including alliance with the Marina Bay District Cooling Network.
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 home usage. The plan obtained in-principle confirmation under URA’s Strategic Development Incentive (SDI) system.
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 branch, Marina Residential Property Development, for $99.1 million. This action combines possession in advance of a suggested partial redevelopment of Marina Square, that goes through regulating confirmation.
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.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually participated in 4 sale and acquisition 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 managed by SingLand and UOL Group. SingLand holds 77.34% of the business, whilst UOL possesses the maintaining 22.66%.
The project is accountable to regulative authorization, with SingLand assumed to present 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 center,” SingLand mentioned, emphasizing its dedication to lasting and innovative metropolitan property.
The procurement is categorized as an interested individual purchase yet does not call for investor authorization, as its value is below the limit established by SGX-ST listing policies. The Audit & Risk Board has actually evaluated the terms and discovered them to be fair and not biased to minority investors.
