SingLand advances Marina Square revamp with $99.1 mil land acquisition
Singapore Land Group (SingLand) has publicized an inside 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 branch, Marina Residential Project, for $99.1 million. This step settles possession in advance of a recommended partial redevelopment of Marina Square, that undergoes regulating confirmation.
The project is liable to regulative authorization, with SingLand assumed 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 change right into a dynamic waterside lifestyle centre,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property development.
Singapore Land Group (SingLand) has publicized an inside 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 branch, Marina Residential Project, for $99.1 million. This step settles possession in advance of a recommended partial redevelopment of Marina Square, that undergoes regulating confirmation.
The project is liable to regulative authorization, with SingLand assumed 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 change 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 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 assessed the terms and located them to be fair and not biased to minority investors.
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 non commercial usage. The plan gotten in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually become part of 4 sale and investment 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 an entirely operated subsidiary of MCHPL, that is mutually operated by SingLand and UOL Group. SingLand holds 77.34% of the business, whilst UOL possesses the standing 22.66%.
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.
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 structures: a residential tower, a serviced flat block, and a mixed-use facility with hospitality, business office, 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. Additionally, the venture will include sustainability components including alliance with the Marina Bay District Cooling Network.
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 assessed the terms and located them to be fair and not biased to minority investors.
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 non commercial usage. The plan gotten in-principle permission under URA’s Strategic Development Incentive (SDI) plan.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually become part of 4 sale and investment 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 an entirely operated subsidiary of MCHPL, that is mutually operated by SingLand and UOL Group. SingLand holds 77.34% of the business, whilst UOL possesses the standing 22.66%.
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.
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 structures: a residential tower, a serviced flat block, and a mixed-use facility with hospitality, business office, 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. Additionally, the venture will include sustainability components including alliance with the Marina Bay District Cooling Network.
