SingLand unit to acquire Marina Square land parcel for $99.1m

The site, located at 6 Raffles Boulevard, spans approximately 3,992 square metres.

Singapore Land Group Limited (SingLand) has announced that its indirect subsidiary, Marina Residential Development Pte. Ltd., has signed four sale and purchase agreements to acquire a land parcel at Marina Square for a total consideration of $99.1m.

The agreements were inked with Marina Centre Holdings Private Limited (MCHPL), Hotel Marina City Private Limited, Aquamarina Hotel Private Limited, and Marina Bay Hotel Private Limited. The site, located at 6 Raffles Boulevard, spans approximately 3,992 square metres.

The land parcel forms part of the larger Marina Square complex, which includes Pan Pacific Singapore, PARKROYAL COLLECTION Marina Bay, Mandarin Oriental Singapore, and the Marina Square Shopping Mall. The entire Marina Square site covers about 92,197 sqm.

The price was negotiated on a willing-buyer, willing-seller basis and is supported by a CBRE valuation dated 31 October 2025. The acquisition will be funded through internal resources.

Upon completion, the parcel will be transferred to Marina Residential Development, a wholly owned subsidiary of MCHPL. MCHPL is 77.34% owned by SingLand’s subsidiary Singland Properties Limited and 22.66% by UOL Group Limited.

Completion will occur once a separate Certificate of Title is issued — this requires demolition of existing structures and land subdivision. The sale will close either four weeks after the title is ready or within five years of the contract date.

The company said the deal is part of an internal restructuring to consolidate the land under a single subsidiary. Including this acquisition, total IPTs with UOL and its associates for FY2025 amount to $358.9m, or 4% of SingLand’s audited NTA, which remains below the 5% threshold requiring shareholder approval.

The transaction is not expected to materially affect SingLand’s NTA or earnings per share for FY2025.

Follow the link for more news on

SingLand

Singapore Real Estate

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia