Marina Square Redevelopment 2026: SingLand’s 49-Storey Tower, Four-Year Mall Closure and Marina Bay’s Next Transformation

A 40-Year-Old Precinct’s Biggest Shake-Up

Most visitors to the Marina Bay area may not realise that four of its most recognisable buildings, the Marina Square shopping mall and its three connected hotels, the Pan Pacific Singapore, PARKROYAL COLLECTION Marina Bay and the Mandarin Oriental Singapore, form a single integrated complex known as Marina Centre, owned by Singapore Land Group (SingLand) and its parent, mainboard-listed UOL Group. On 1 September 2026, SingLand unveiled the most extensive redevelopment plans the complex has seen since its completion in 1986, positioning the precinct as what the developer calls Singapore’s first “hyper-mixed” development.

Marina Square will close its doors after 31 March 2027 for approximately four years of comprehensive redevelopment. “As Marina Bay enters its next phase, we have an opportunity to reimagine Marina Square as a more connected and compelling destination,” said Jonathan Eu, Chief Executive Officer of SingLand, in the announcement. The plan, developed with UK-based PLP Architecture and local firm DP Architects, capitalises on a recently approved gross floor area uplift under the government’s Strategic Development Incentive (SDI) scheme, which allows selected sites to intensify development in exchange for public realm and connectivity improvements.

A 49-Storey Residential Tower and Two New Mixed-Use Blocks

The centrepiece of the plan is a new 49-storey residential tower that will house 204 large-format luxury homes, ranging from three- to five-bedroom units through to penthouses, with views over the city skyline and Marina Bay. Separately, a new 19-storey mixed-use block will combine a 304-key hotel across its fourth to tenth floors with roughly 139,880 sq ft of Grade A office space from the twelfth to nineteenth floors, an addition SingLand notes is significant given how scarce Grade A office supply remains in this part of Marina Bay, where most corporate tenants currently occupy strata offices at Suntec City or space at Centennial Tower. A further 24-storey serviced apartment block will add 260 keys aimed at longer-stay guests, with panoramic views towards Marina Bay and Bay East Garden. SingLand has said operators for both new hospitality components have yet to be appointed.

Once redeveloped, Marina Square itself will return with a broader mix of food and beverage, sports, wellness and lifestyle concepts, alongside landscaped and pet-friendly spaces, a repositioning SingLand frames as a response to changing consumer expectations for venues that combine commerce with recreation and community. New connectivity upgrades include a continuous sheltered walkway and an elevated botanical loop linking the precinct to One Raffles Link, Millenia Walk, Suntec City and the upcoming NS Square, plus a new first-storey through-block link between Raffles Avenue and Raffles Boulevard.

Part of a Wider Wave of Change Around Marina Bay

The Marina Centre plan is one of several major projects reshaping this part of the Central Region. Construction is already underway on the fourth tower of Marina Bay Sands, comprising a 570-suite luxury hotel and an entertainment and business podium, also targeted for completion in 2031, the same year SingLand and UOL expect to finish the Marina Centre works. Nearby, in the emerging Marina South precinct next to Gardens by the Bay, the first condominium, the 937-unit One Marina Gardens by Kingsford Group, has already launched, with a second Government Land Sales site released on 13 August 2026 and a further neighbouring site on the Reserve List, pointing to continued government land release in the area over the coming years. Further along the coast, elements of the 30-kilometre Greater Southern Waterfront master plan are also taking shape, including a new residential neighbourhood at the former Keppel golf course in Berlayar and plans to double the size of Sentosa Island.

Summary: What’s Changing at Marina Centre

Why This Matters for the Wider Market

For homeowners and investors in the Marina Bay and Marina South area, this redevelopment adds another significant data point to a precinct already seeing considerable government land release and new supply, including One Marina Gardens and the Marina Gardens Lane and Marina Gardens Crescent sites. A large new luxury residential tower with only 204 units, all large-format, signals a continued developer bet on ultra-prime demand in the CCR fringe even as broader OCR land rates have also been climbing, a sign of a broadly two-speed market where both ends continue to see active developer interest. For retail and hospitality operators, the four-year closure of a mall of Marina Square’s scale is a meaningful, if temporary, reduction in Marina Bay retail floor space, and existing tenants will need to plan around the closure well ahead of March 2027. For hotel guests and the wider tourism sector, the addition of 304 hotel keys and 260 serviced apartment keys, alongside the three existing untouched hotels, expands Marina Bay’s hospitality capacity at a time when Grade A office supply in the immediate vicinity has also been described as scarce.

What’s Still Unclear

The following is informed speculation, not confirmed policy. SingLand has not yet appointed operators for the new hotel and serviced apartment components, nor has it released indicative pricing or a launch timeline for the 204 residential units, which will most plausibly come to market closer to construction completion given the scale of the works involved. It also remains to be seen how existing Marina Square tenants will be accommodated during the closure period, and whether any temporary retail arrangements will be offered elsewhere in the vicinity, though SingLand has not commented on this as at the time of writing.

Frequently Asked Questions