All the things You Have to Know About Marina Bay Sands’ Fourth Tower
Marina Bay Sands in Singapore has been granted approval to develop a fourth tower alongside its existing towers. The planned expansion of the integrated resort will include a significant hotel and retail development initiative.
MBS, spanning an area of 581,400 sq metres, currently offers more than 1,850 rooms and suites, as well as retail area and dining space covering 74,000 sq metres.
Marina Bay Sands fourth tower: Key details
The fourth Marina Bay Sands tower will feature 153,100 sq metres of hotel space with 587 suites, along with 12,185 sq metres of retail space. It will be constructed on an empty plot adjacent to the existing towers, bordered by Bayfront Avenue, Sheares Link, and Sheares Avenue. The land for the new tower has been leased until August 2066. Development is scheduled to commence in April 2024, with the original architect, Moshe Safdie, and his team overseeing the plans.
The new development, exclusively comprising suites, will include a live performance entertainment arena capable of accommodating a minimum of 15,000 spectators. The upper floors will boast a sky roof with a swimming pool and other undisclosed tourist attractions. The expansion project aims to enhance Marina Bay Sands’ MICE (Meetings, Incentives, Conferences, and Exhibitions) inventory and capabilities, addressing the current market demand in Singapore for an entertainment arena with modern amenities, expanded seating capacity, and corporate hospitality.
The Marina Bay Sands expansion project was initially announced in April 2019, through an agreement with the Singapore Tourism Board and Las Vegas Sands (LVS), the parent company of Marina Bay Sands. LVS estimates the project costs to exceed the agreed-upon sum of SGD 4.5 billion, considering inflation, the impact of the pandemic, higher material and labour costs, and other factors. LVS has until April 8, 2028, to complete the new tower.
Resorts World Sentosa receives expansion approval
The Urban Redevelopment Authority of Singapore has also approved an expansion plan for Resorts World Sentosa (RWS). The plan includes a hotel and retail development at Sentosa Gateway, featuring over 700 rooms covering an area of 66,995 sq metres and 21, 243 sq metres of retail space. Genting Singapore, the parent company of RWS, intends to invest SGD 6.8 billion, up from the original SGD 4.5 billion, for the expansion and rejuvenation plans in the island of Sentosa.
(Feature image credit: Shawnn Tan/Unsplash)
This story first appeared on Lifestyle Asia Singapore
Source: Prestige Online
