---
title: "The Binhai Plaza reconstruction project is expected to push 702 private residential units | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277403832.md"
description: "The Binhai Plaza redevelopment project is jointly developed by Singapore Land and UOL, with an expected launch of 702 private residential units planned for the fourth quarter of this year. Ismail, Executive Chairman of Bona Industrial, stated that the developers hope to launch the project within this year. Nian Weixin, President of UOL, mentioned that a proposal for the transformation was submitted to the relevant authorities in the second half of last year, and the project will be transformed into Singapore's first ultra-large mixed-use development project, including private residences, serviced apartments, and mixed-use buildings"
datetime: "2026-03-02T04:37:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277403832.md)
  - [en](https://longbridge.com/en/news/277403832.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277403832.md)
---

# The Binhai Plaza reconstruction project is expected to push 702 private residential units | Lianhe Zaobao

The Marina Square redevelopment project, jointly developed by Singapore Land Group and UOL Group, is set to make significant progress, with plans to launch 702 private residential units.

According to PropNex's fiscal year 2025 performance release last Friday (February 27), the private residential portion located on Raffles Avenue is scheduled to be launched in the fourth quarter of this year.

PropNex Executive Chairman Ismail Gafoor also stated that the developers hope to launch the private residential portion of Marina Square within this year.

Previously, UOL Group President Niam Wee Seong pointed out at the group's performance release last Thursday (26) that the group submitted a proposal to the relevant authorities for the transformation of Marina Square in the second half of last year. It will be transformed into Singapore's first hyper-mixed development project, which includes the construction of three buildings: private residences, serviced apartments, and a mixed-use building. The mixed-use building will include hotels and office spaces.

#### Further Reading

Marina Square Transforms into a Hyper-Mixed Development Project Analysis: Helps Unlock Regional Development Potential

He also mentioned that the latest progress of the project is expected to be announced in the first half of this year.

Singapore Land announced the Marina Square transformation plan last December, transforming this 92,197 square meter site into a large project encompassing housing, hotels, retail, office, and cultural spaces.

Marina Square is a mixed-use development project with a 99-year leasehold, currently with approximately 53 years remaining on the lease. It includes the Pan Pacific Singapore, Parkroyal Collection Marina Bay, Mandarin Oriental, Singapore, and Marina Square Shopping Mall Among them, the Binhai Plaza Shopping Center, which opened in 1986, is a five-story retail mall with a net leasable area of 800,000 square feet

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