SingLand gears up for Marina Square's partial redevelopment
The project is part of SingLand’s long-term portfolio management strategy.
Singapore Land Group Limited (SingLand) has proposed to undertake the partial redevelopment of Marina Square.
In a bourse filing, SingLand said it has already received provisional permission from the Urban Redevelopment Authority (URA) for the project.
The company is already working on “further detailed plans to obtain all necessary approvals from the relevant authorities.”
The company will make necessary announcements in compliance with the relevant listing rules of the SGX-ST and engage affected stakeholders when there are further material developments for the project.
In the meantime, SingLand advised its shareholders to exercise caution when dealing or trading in the shares of the company and seek professional advice if they have any doubts about the steps to take.