SingLand advances Marina Square revamp with $99.1 mil land acquisition
The procurement is categorized as an interested individual purchase however 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 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 very first hyper-mixed property, with the add-on of 3 structures: 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. Additionally, the venture will integrate sustainability attributes like alliance with the Marina Bay District Cooling Network.
Singapore Land Group (SingLand) has publicized an inner rebuilding associating 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 suggested partial redevelopment of Marina Square, that undergoes regulating confirmation.
The project is liable to regulating authorization, with SingLand anticipated to present 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 lively waterside lifestyle centre,” SingLand specified, emphasizing its dedication to lasting and innovative metropolitan property development.
Back in 3Q2023, SingLand got 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.
In a submission to the Singapore Exchange, SingLand mentions Marina Residential Property development has actually participated in 4 sale and investment contracts with Marina Centre Holdings (MCHPL), Hotel Marina City, Aquamarina Hotel and Marina Bay Hotel to get the land plot. Marina Residential Property development is an entirely acquired subsidiary of MCHPL, that is mutually operated by SingLand and UOL Group. SingLand holds 77.34% of the business, whilst UOL possesses the maintaining 22.66%.
