According to PropNex co-founder and executive chairman Ismail Gafoor, the developer is keen to launch the residential component of the Marina Square complex within the year.
SingLand obtained provisional permission from the Urban Redevelopment Authority (URA) in 3Q2023 for the partial redevelopment of the Marina Square complex, including rezoning a portion of the existing site for residential use.
SingLand’s 3Q2023 plan outlined a mix of office (some 0.2 million sq ft in gross floor area), retail (0.94 million sq ft) and 702 residential or serviced apartments.
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SingLand, which is majority owned by UOL, announced in December 2025 that it plans to create “Singapore’s first hyper-mixed development” on the Marina Square site by adding a residential tower, a serviced apartment block and a mixed-use tower.
The complex comprises Marina Square shopping mall and three hotels: Pan Pacific Singapore, Parkroyal Collection Marina Bay and Mandarin Oriental. The total site area stretches over some 92,197.3 sqm.
SingLand has promised more details within 1H2026.
See also: Upcoming residential tower in SingLand’s redeveloped Marina Square complex said to yield 702 units
PropNex’s slide also suggests that Frasers Property (FPL) may be announcing a redevelopment of Valley Point within the year, with a residential component set to yield 417 units.
The 20-storey office tower and a two-storey shopping centre at River Valley sit on a 999-year lease. Valley Point is also connected to Fraser Suites, a 255-room serviced residence owned by FPL.
In response to queries from City & Country, FPL says it is “business as usual” at Valley Point. “As part of our ordinary course of business, we explore potential uses for existing properties from time to time. At this stage, no plans have been confirmed and there is no certainty that any possible transaction will materialise. The company will make appropriate announcements in the event that there is any material development.”
Construction costs, land bids to drive up home prices
Private residential property prices will continue to rise this year — by some 3% to 4% — as construction and land costs have both increased, says Gafoor.
Recent land bids by developers have set records, he adds. HH Investment, the Singapore subsidiary of Taiwan’s Huang Hsiang Construction Corp, submitted a record $1,820 psf per plot ratio bid for a 63,498 sq ft Government Land Sales site at Bukit Timah Road in November 2025, beating out seven others and scoring the tender.
“Construction costs have gone marginally higher, and land cost has not come down; it is going to hit the overall price,” says Gafoor.
That said, he warns that developer bids that are “too aggressive” may turn away “price-sensitive” buyers. “That will create a downside in terms of the launch and the percentage sold.”
Land bid prices are likely at a “peak” today, says Gafoor. “I’m not going to see new record prices.”
Read more about the redevelopment of the Marina Square complex:
Upcoming residential tower in SingLand’s redeveloped Marina Square complex said to yield 702 units
Who stands to gain from SingLand’s Marina Square redevelopment?
