The Board of Directors of Singapore Land Group Limited proposes to undertake a partial redevelopment of Marina Square ("the Project"). The Company has received Provisional Permission from the Urban Redevelopment Authority ("URA") in the third quarter of 2023 for the Project and together with its team of professional advisors, are working on further detailed plans to obtain all necessary approvals from the relevant authorities. The timeline for the Project has not been determined as at this stage.

The Project, which is in its preliminary stages, is part of SingLand's long-term portfolio management strategy that seeks to unlock value from its portfolio of assets.