SingLand Buys S$99 Million Marina Square Site for Hyper Mixed Redevelopment
SingLand has taken another step toward reshaping one of Singapore’s most recognisable city centre destinations. Its indirect subsidiary, Marina Residential Development, has entered four sale and purchase agreements to acquire a 3,992 sqm land parcel within the Marina Square complex for S$99.1 million. This move is tied to a larger plan to rejuvenate and reposition Marina Square as Singapore’s first hyper mixed development.
The deal was announced on Dec 3, 2025, and reflects SingLand’s intention to bring new residential and lifestyle elements into the long established complex, which today comprises Marina Square Shopping Mall and three major hotels: Pan Pacific Singapore, Parkroyal Collection Marina Bay, and Mandarin Oriental Singapore.
| Item | Details |
|---|---|
| Buyer | Marina Residential Development (SingLand subsidiary) |
| Purchase Price | S$99.1 million |
| Land Size | 3,992 sqm |
| Location | 6 Raffles Boulevard, Marina Square complex |
| Purpose | Internal restructuring to consolidate ownership for redevelopment |
Why the S$99.1 Million Purchase Matters
The land parcel is located at 6 Raffles Boulevard and sits within the broader Marina Square footprint of 92,197.3 sqm. The acquisition is structured as an internal consolidation exercise. Marina Centre Holdings, which holds the land, is owned 77.34 percent by SingLand’s subsidiary SingLand Properties and 22.66 percent by UOL Group.
By consolidating ownership of this specific plot under Marina Residential Development, SingLand gains more control and flexibility to move forward with its redevelopment plan.
This step follows provisional approval granted by the Urban Redevelopment Authority in 2023 for a partial redevelopment of the complex. In the second half of 2025, SingLand submitted an updated proposal that expanded the scope and introduced the idea of a hyper mixed development. This includes residential units, serviced apartments, a mixed use tower, and a public park.
The four sellers in the transaction were Marina Centre Holdings, Hotel Marina City, Aquamarina Hotel, and Marina Bay Hotel. The agreements mark visible progress toward the transformation that SingLand has been planning for years.
A Vision for Singapore’s First Hyper Mixed Destination
SingLand’s proposal for the future Marina Square includes three new buildings. These are expected to introduce modern residential living, flexible accommodation options, and commercial offerings that tie into retail, hospitality, and lifestyle uses.
1. A New Residential Tower
This will bring private homes into the district, tapping into the continued appeal of city centre living and adding a residential catchment to support the area’s retail and leisure offerings.
2. A Serviced Apartment Block
Serviced apartments cater to both short and long stay guests. Given Marina Square’s proximity to Marina Bay, the CBD, and major event venues, this addition aligns well with demand from business travellers and long term corporate stays.
| Component | Description |
|---|---|
| Residential Tower | New private housing building within Marina Square |
| Serviced Apartment Block | Short stay or extended stay accommodation |
| Mixed Use Tower | Hospitality, office and performing arts spaces |
| Public Park | 6,500 sqm greenery, playscapes and event areas |
3. A Mixed Use Tower
This tower is slated to include hospitality, office, and performing arts spaces. This blend supports SingLand’s vision of a lively and multi functional district that goes beyond the typical mall and hotel format.
4. A 6,500 sqm Public Park
One of the most significant upgrades is the proposed public park that features greenery, playscapes, and event spaces. Together with the upcoming NS Square, this park is expected to boost community activity and create a stronger identity for the area as a lifestyle destination.
Current Status and Timeline
The redevelopment proposal is now under review by the relevant authorities. SingLand and its professional team are working on detailed plans, and while a final timeline has not been confirmed, the group expects to share updates in the first half of 2026.
On the day the acquisition was announced, SingLand’s share price closed at S$3.11, up S$0.02 or 0.6 percent, showing modest market confidence following the news.
What This Means for Property Watchers
For investors, agents, and homebuyers, this move reinforces a broader trend. Developers are exploring new ways to refresh existing assets instead of relying only on land sales or new greenfield sites. Marina Square’s transformation shows how central locations can evolve to meet future demand for integrated living, working, and leisure spaces.
The introduction of residential units may also influence future pricing expectations in the Marina Bay and City Hall areas, especially as supply of private homes in the city core remains limited.
