Marina Square closure: Tenants say they were surprised by short notice

Marina Square closure: Tenants say they were surprised by short notice


SINGAPORE: Business owners and tenants at Marina Square had heard rumours about redevelopment for some time, but did not expect the entire mall to be affected so soon, they told CNA.

All those CNA spoke to learnt on Tuesday morning (Sep 1) that the mall would close in March 2027 for redevelopment. Several heard it from concerned customers before receiving an official notice from mall management. 

Tenants whose leases run beyond March 2027 also raised questions about compensation.

Singapore Land Group (SingLand) announced on Tuesday morning that Marina Square Shopping Mall would close on Mar 31, 2027, as part of plans to redevelop the area to add luxury homes, a new hotel, serviced apartments and offices.

The redevelopment is expected to be completed by 2031. The three existing hotels at the complex will remain open throughout construction, while the four-storey Marina Square mall will undergo an asset enhancement initiative covering more than 76,000 sq m of gross floor area.

Ms May Teo, who owns Stoneage Collection on the third floor, said she first heard rumours of the mall’s overhaul about a year ago. Her shop has been at Marina Square for 22 years.

She asked management about the plans then but was told nothing was confirmed. When the news broke on Tuesday, customers texted her about the closure, leading her to conclude the move was confirmed.

“Actually on and off, I keep telling customers maybe next year will be our last year. But they still suggest I go find other places. But for my age … if I find another new location, I need to put in a lot of effort again,” the 65-year-old said, adding that renovating another outlet would be too expensive.

She intends to keep her shop open until March 2027. Her lease ends in September 2027, and she questioned how the mall would compensate her for having to move out early.

Ms Joraine Tan, who owns trampoline fitness outlet Prestique Studio, said she was surprised by the short notice. Her lease ends in December 2027.

“There was no relocation option for us so we hope to seek further clarity and details from the mall so that we can better plan for our exit,” she said.

She had heard rumours of the redevelopment but nothing concrete. Fellow tenants with earlier lease expiries had also heard nothing, so they assumed exits would happen in phases or upon lease expiry.

The studio, which opened in 2021 and has only this outlet, will need to find a new location.

“There are offers given to us by various malls as many are keen to have us since we are lifestyle-centric and we have a niche workout that appeals to most and can potentially be a crowd puller. However, it is definitely a hassle to move and we are concerned about the costs for relocation,” said Ms Tan.




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