The Business Times

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.

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