The multi-billion-dollar Marina Bay Sands expansion project has entered the ‘final phase’ of design enhancements.
According to the statement released on Friday, the firm confirms that full-scale construction of the project, subject to planning approval, is anticipated to begin by July 2025 with targeted completion by July 2029.
The expansion is designed by Safdie Architects, led by Moshe Safdie, who were the architects of the existing property. It will include a luxury hotel tower with a sky roof, a 15,000-seat entertainment arena, and additional premium MICE (meetings, incentives, conferences & exhibitions) space, as well as new food and beverage and nightlife offerings.
The state-of-the-art arena is designed to be the leading live entertainment venue in Asia and is intended to deliver world-class premium hospitality experiences.
The company highlights that the expansion will play ‘an important role in driving additional inbound travel to Singapore’.
‘The arena will help attract top entertainers from Asia and around the world who previously may not have included Southeast Asia on their tours, while the additional MICE space will help attract more new-to-Singapore events.’
According to estimates from brokerage Deutsche Bank, Marina Bay Sands’ parent company, Las Vegas Sands, is likely to adjust expected expansion costs related to the property’s revamp in Singapore again, possibly raising the planned budget to $4 billion.
The project was originally expected to cost $3 billion, including $900 million related to the land premium, which was paid several years ago.
Until this statement, there was no clear timeline for the conclusion of the project provided.
