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 property, with the inclusion of 3 structures: a residential tower, a serviced flat block, and a mixed-use structure with hospitality, business office, 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 elements like alliance with the Marina Bay District Cooling Network.
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 step settles possession in advance of a suggested partial redevelopment of Marina Square, that goes through regulating authorization.
In a submission to the Singapore Exchange, SingLand mentions Marina Residential Property development has actually participated in 4 sale and investment 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 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%.
The project is accountable to regulative consent, with SingLand anticipated to deliver further updates in 2026. Meanwhile, tasks at Marina Square and its resorts go on as normal. “The Project is going to add to the location’s change right into a lively waterside lifestyle centre,” SingLand specified, emphasizing its dedication to lasting and innovative city property development.
The procurement is identified as an interested individual purchase however 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 assessed 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.
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 home usage. The plan obtained in-principle permission under URA’s Strategic Development Incentive (SDI) system.
