The Business Times
business-time-50

SingLand to undertake partial redevelopment of Marina Square

Sharanya Pillai

Sharanya Pillai

Published Fri, Sep 29, 2023 · 06:04 PM
    • The move to partly revamp Marina Square (pictured) is part of SingLand’s long-term strategy to unlock value from assets.
    • The move to partly revamp Marina Square (pictured) is part of SingLand’s long-term strategy to unlock value from assets. PHOTO: BT FILE

    SINGAPORE Land Group (SingLand) will embark on a partial redevelopment of shopping mall Marina Square, the real estate company announced in a Friday (Sep 29) bourse filing.

    SingLand received provisional permission from the Urban Redevelopment Authority in Q3 for the project. It is now working with professional advisers on obtaining further approvals from relevant authorities. The timeline has not been determined.

    The project is part of SingLand’s long-term strategy that “seeks to unlock value from its portfolio of assets”, the company said in its filing.

    SingLand shares ended flat at S$2.05 on Friday.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore Land GroupSingapore propertySpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Jensen Huang and Kimberly Powell were captured on video being affectionate at a hotel in San Jose, California, during an Nvidia conference in March, according to NYT.

    Nvidia preparing to oust CEO Jensen Huang who had second affair with exec: reports

    Five adjoining shophouses on Tras Street (starting from the left) are part of the collection of about 50 properties that will change hands.

    8M Real Estate said to be buying about 50 shophouses for around S$500 million

    The move follows MSCI’s warning that Indonesia faces the risk of being reclassified from an emerging market to a standalone market

    MSCI removes more Indonesian stocks, dealing fresh blow to market amid reform push

    Swiftdata, the parent company of Megaspeed International, changed its registered address from an office building in Jurong East to Midview City in April.

    Swiftdata, owner of Nvidia-linked Megaspeed, lists address occupied by interior design firm

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More