UOL Group & Singapore Land Group - DBS Research 2026-02-02: Turning Assets Into Platforms

• Since our note Marina Square: A Triple Bagger Opportunity; Hidden Value To Be Unleash back in April 2025, we believe that the time is ripe for consortium UOL Group and Singapore Land Group to unlock value from the hidden gold in its portfolio through the redevelopment of Marina Square.

Marina Square redevelopment to be a spark for gradual value-unlocking strategy.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• full redevelopment of Marina Square with a 30% uplift in GFA, including residential and office components.
• Overall costs could range between S$ 2.6-3.4bn (all-in), depending on the amount of additional GFA approved by the URA. Our estimates did not account for a potential lease top-up for the commercial component.

Development scheme to be unveiled sometime in 1H26.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

More views on outlook of real estate sector:
Analyst Reports on Singapore Property Sector