Marina Bay Sands expansion
Views: 23,918 Subscribe

https://s28.q4cdn.com/640198178/files/doc_presentations/2024/11/MBS-Investor-Day-Presentation.pdf

Marina Bay Sands’ total bill to the Singapore Tourism Board was recently updated to include an additional US$1 billion for it’s upcoming expansion project.

The reasons behind this additional cost were covered under a Second Supplemental Agreement under which the company committed to assume liability for the cost of the land premium associated with the purchase of an additional gaming area to that previously agreed. This also includes other land premiums resulting from changes to the expansion project’s design and floor area allocations.

Source: https://constructionreviewonline.com/news/marina-bay-sands-expansion-us1-billion-price-tag-for-increased-ambitions/

Marina Bay Sands’ new ultra-luxury resort destination to be built at US$8 billion investment

Marina Bay Sands’ new ultra-luxury resort destination – known as IR2 – will be built at an estimated total development cost of US$8 billion.

Complementing and enhancing the existing resort, the new property will be designed by Safdie Architects, led by Moshe Safdie, the architect of the existing Marina Bay Sands. It is set to redefine the Singapore skyline.

Guests can look forward to a 570-all-suite ultra luxury hotel, capped by a signature rooftop experience, destination food & beverage, nightlife and public attractions. A host of unparalleled experiences awaits, including approximately 200,000 sq feet of premium MICE space, a 15,000-seat arena designed to be the leading live entertainment venue in Asia, luxury retail boutiques, additional lifestyle and wellness amenities, and more.

Construction is scheduled to commence in June 2025, and is expected to be completed by June 2030. The estimated official opening is set for January 2031, subject to approval from the Singapore Government.

Source: https://www.marinabaysands.com/expo-and-convention/gallery/event-highlights/2024/12/us-dollar-8-billion-announcement.html

Status: announced