204 luxury homes are coming to a rebuilt Marina Square

Marina Square mall will close on 31 March 2027 and reopen around 2031 inside a rebuilt complex that adds luxury homes, a hotel, serviced apartments and offices to the 40-year-old precinct. For buyers, the headline is a 49-storey tower of 204 large-format homes, the first residences ever planned inside the complex.

Singapore Land Group announced the redevelopment on 1 September, a day after URA granted Written Permission for the project under its Strategic Development Incentive scheme, which rewards owners who rebuild ageing buildings in strategic locations with extra floor area. SingLand, a subsidiary of UOL Group, owns the complex that houses Marina Square mall and three hotels: Pan Pacific Singapore, PARKROYAL COLLECTION Marina Bay and Mandarin Oriental. The developer calls the result Singapore’s first hyper-mixed development, meaning the uses are designed to feed each other rather than simply share an address.

Three new towers, one closed mall

The residential tower will rise 49 storeys and hold 204 homes, all in three- to five-bedroom formats plus penthouses. That is a deliberately small count for a tower of that height: these are large homes, a format in short supply anywhere near Marina Bay. SingLand has not announced a launch date or pricing.

Three new towers, one of them residential. The 204 homes are the first to be built inside the complex. Source: Singapore Land Group media release, 1 September 2026. Chart: HomeAsset.

A 24-storey block will carry 260 serviced apartments, and a 19-storey mixed-use block will hold a 304-room hotel on its fourth to tenth floors and about 139,880 sq ft of Grade A offices on the twelfth to nineteenth. Operators for the hotel and serviced apartments have not been appointed. The three existing hotels stay open throughout construction.

The mall itself, 817,760 sq ft of it, closes on 31 March 2027 for a renovation lasting about four years. SingLand says it will return built around experience-led retail: more food and beverage, sports, wellness and lifestyle concepts, with landscaped, pet-friendly spaces. The plans also thread the precinct together with a new ground-level link between Raffles Avenue and Raffles Boulevard, a continuous sheltered walkway, an elevated botanical loop towards One Raffles Link, Millenia Walk and Suntec City, and a sheltered connection to the upcoming NS Square. An earlier SingLand release describes a 6,500 sqm public park to be created over Stamford Canal along Raffles Avenue.

The long road to approval

This announcement has been years in the making. SingLand secured Provisional Permission from URA for a partial redevelopment in the third quarter of 2023, then filed a revised proposal in late 2025 for the three new buildings. The Written Permission granted on 31 August settles the scheme and its floor-area uplift.

The timing places the project inside a wider rebuild of the bay. The fourth Marina Bay Sands tower is under construction with the same 2031 completion horizon. NS Square is going up next door. Across the water in Marina South, the state has begun feeding out residential land, with the 937-unit One Marina Gardens already launched and further sites on the government land sales programme. By the early 2030s the area around the bay will hold considerably more homes than it does today, though almost all of it at the premium end.

What this means for you

• If a Marina Bay address is on your list, this project is worth tracking for its format alone: 204 homes of three bedrooms and up is a rarity in a district dominated by compact investor units. Launch timing and pricing are the open questions, and nothing on either has been released.
• The 260 serviced apartments and new hotel rooms are a bet on long-stay corporate demand. If you own or are eyeing a rental unit in the area, that is future competition for tenants worth factoring into yield sums.
• The practical bit: Marina Square’s shops and car park serve many City Hall and Suntec workers. From April 2027 you will need alternatives for roughly four years.