SingLand moves to add condo tower, serviced apartments and mixed-use block in Marina Square redevelopment

[SINGAPORE] Marina Residential Development, an indirect subsidiary of Singapore Land Group (SingLand), has entered into four sale-and-purchase agreements to buy a 3,992 square metre (sq m) plot in the Marina Square complex for an aggregate consideration of S$99.1 million.

The acquisition is part of a drive to rejuvenate the Marina Square complex, SingLand said on Wednesday (Dec 3).

In 2023, it had obtained provisional permission from the Urban Redevelopment Authority for the partial redevelopment of Marina Square complex.

In the second half of 2025, SingLand submitted a revised proposal to transform the complex into “Singapore’s first hyper-mixed development”. This is referring to its plans to add residential facilities, a mixed-use tower and a public park. The four agreements struck on Wednesday – which mark progress on this proposal – are with Marina Centre Holdings, Hotel Marina City, Aquamarina Hotel and Marina Bay Hotel.

The proposed acquisition of 6 Raffles Boulevard is an internal restructuring exercise to consolidate the ownership of the land parcel within the Marina Square complex. The parcel is to be held by Marina Residential Development, a wholly-owned subsidiary of Marina Centre Holdings.

Marina Centre Holdings is 77.34 per cent held by SingLand subsidiary Singland Properties, and 22.66 per cent by UOL Group.

The land parcel is part of the 92,197.3 sq m Marina Square complex, which comprises Pan Pacific Singapore; Parkroyal Collection Marina Bay; Mandarin Oriental, Singapore; and Marina Square Shopping Mall.

SingLand intends to transform Marina Square complex by adding three buildings. These will comprise a residential tower, a serviced apartment block and a mixed-use tower with hospitality, office and performing arts spaces.

One key enhancement proposed is a 6,500 sq m public park with greenery, playscapes and event spaces. Together with the upcoming NS Square, SingLand said the project will strengthen the area’s appeal as a mixed-use lifestyle destination.

SEE ALSO

SingLand builds on sustainability efforts, sees ESG credentials as prerequisite to attracting tenants 

The proposal is under review by the relevant authorities. SingLand and its team of professional advisers are concurrently working on more detailed plans.

While the timeline for the proposed development has not been determined, SingLand is expected to provide updates on this in the first half of 2026.

Shares of SingLand closed at S$3.11 on Wednesday, up S$0.02 or 0.6 per cent, before the announcement.