- We believe that the time is ripe for consortium UOL Group (SGX:U14) and Singapore Land Group (SingLand, SGX:U06) to unlock value from the hidden gold in its portfolio through the redevelopment of Marina Square Mall into a future-proof mixed-use integrated development with work-live-play elements involving residential, retail, and office components by tapping into government incentive schemes focused on rejuvenating the core central business districts.
An ageing asset in a prime location in Marina Bay area.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Over the years, Marina Square has undergone significant renovations to enhance its retail offerings and infrastructure. That said, upgrades to competing neighbouring malls like Suntec City Mall and Millenia Walk over the past few years has increased the competition for traffic and tenants, while Marina Bay Sands nearby continues to remain the leading tourist magnet for its high-end positioning.
- Given the competition in the vicinity, further upgrades and repositioning would be needed to future proof this property.
Are we ready for the next upgrade?
- Read more at SGinvestors.io.
