At approximately 3,992 sqm, the land parcel is part of the Marina Square complex, which comprises shopping mall Marina Square and three hotels: Pan Pacific Singapore, Parkroyal Collection Marina Bay and Mandarin Oriental. The total site area stretches over some 92,197.3 sqm.
Thinly-traded Singapore Land Group (SingLand) is taking a big swing with Marina Square complex, announcing on Dec 2 its plans to create “Singapore’s first hyper-mixed development” by adding a residential tower, a serviced apartment block and a mixed-use tower.
SingLand, which is 50.37%-owned by parent UOL Group, has entered into four sale-and-purchase agreements (SPAs) to acquire a land parcel at 6 Raffles Boulevard for $99.1 million.
