Business & Finance
Singapore's Marina Square to Transform Into Mixed-Use Hub by 2031
By Today News Hours Editorial Desk
Singapore Land Group (SingLand) announced last Monday that Marina Square, a shopping centre completed in 1986, will close on March 31 to make way for a major redevelopment project. The overhaul will introduce luxury residences, serviced apartments, and office space spanning a gross floor area of more than 360,000 square meters, with completion targeted for 2031.
According to SingLand, the redevelopment will feature a 304-key hotel positioned near the Marina Bay area. Marina Square itself will be reimagined as a four-storey shopping centre offering expanded dining options and pet-friendly spaces.
The project will also see three new towers added to the site. Among them is a 49-storey residential tower containing 204 luxury homes. Additionally, a new mixed-use tower will house offices across eight floors, contributing roughly 13,000 square meters of lettable office space.
Local media reports indicate that the announcement of Marina Square's closure has drawn mixed reactions from shoppers and tenants. Parents expressed disappointment over losing a venue known for its indoor playgrounds and children's stores, while tenants reported being caught off guard by the limited notice given ahead of the closure.
Industry experts note that this redevelopment reflects a broader trend in retail, as consumers increasingly prioritize experiences, community engagement, and social connection over traditional shopping. This shift in consumer preferences is driving the expansion of mixed-use developments in cities worldwide.