SingLand advances Marina Square revamp with $99.1 mil land acquisition
Singapore Land Group (SingLand) has disclosed an inner rebuilding incorporating 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 action settles possession in advance of a recommended partial redevelopment of Marina Square, that goes through regulating authorization.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually participated in 4 sale and acquisition contracts 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%.
SingLand’s revised proposition to URA, sent in 2H2025, intends to change Marina Square right into Singapore’s very first hyper-mixed property, with the inclusion of 3 establishments: a residential tower, a serviced flat block, and a mixed-use structure 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 include sustainability attributes including alliance with the Marina Bay District Cooling Network.
Back in 3Q2023, SingLand acquired Provisional Permission from URA for the sectional redevelopment of Marina Square, that includes rezoning a part of the site for housing usage. The plan gotten in-principle confirmation under URA’s Strategic Development Incentive (SDI) plan.
The project is accountable to regulating authorization, with SingLand anticipated 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 makeover right into a dynamic waterside lifestyle centre,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property development.
The procurement is identified as an interested individual purchase 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.
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.
