SingLand advances Marina Square revamp with $99.1 mil land acquisition
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 typical. “The Project is going to add to the location’s makeover right into a vivid waterside lifestyle center,” SingLand mentioned, emphasizing its dedication to lasting and innovative city property development.
In a submission to the Singapore Exchange, SingLand specifies Marina Residential Property development has actually become part of 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 an entirely acquired subsidiary of MCHPL, that is mutually managed by SingLand and UOL Group. SingLand holds 77.34% of the firm, whilst UOL possesses the standing 22.66%.
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 the Marina Square facility to its secondary branch, Marina Residential Property Development, for $99.1 million. This step combines possession in advance of a recommended partial redevelopment of Marina Square, that undergoes regulating authorization.
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.
Back in 3Q2023, SingLand got Provisional Permission from URA for the part redevelopment of Marina Square, that includes rezoning a section of the site for home usage. The plan obtained in-principle consent under URA’s Strategic Development Incentive (SDI) plan.
The purchase is categorized as an interested individual deal 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 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 very first 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 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 include sustainability components like alliance with the Marina Bay District Cooling Network.
