SUTL Enterprise Limited has entered into an agreement to acquire Marina at Keppel Bay in Singapore for $40 million Singaporean dollars (about $30 million USD). The acquisition is expected to be completed in the second half of 2026.
Marina at Keppel Bay is located within Singapore’s Greater Southern Waterfront and has been operating since 2008. The mainland marina has 166 berths, including facilities for superyachts of up to 280ft (85 metres). It serves nearby residential, commercial and tourism areas, with more than 10,000 public and private housing units located within the surrounding precinct.
The site has a gross floor area of approximately 2,973 square metres. About 1,290 square metres is used as retail space and is currently leased to food and beverage and education operators.
Once the acquisition is completed, the marina will be rebranded as ONE°15 Marina Keppel Bay. Planned changes at the site include updates to clubhouse facilities, berthing areas and marina services. Adjustments to retail spaces and the introduction of lifestyle and wellness-related uses are also planned.
SUTL Enterprise also owns ONE°15 Marina Sentosa Cove on Sentosa Island, which has 270 berths. Together, the two locations will provide a total of 436 berths, making the group the largest marina owner and operator in Singapore.
Arthur Tay, CEO of SUTL Enterprise, said: “We have been actively seeking opportunities in the Asia Pacific region to grow our business. With Singapore as our flagship duo-marina base, we can offer our members and boaters the experience of a city marina at Keppel Bay and an island marina at Sentosa, both within close proximity.”
The group also plans to extend its environmental and community initiatives to the Keppel Bay site. These include Blue Water EduFest programmes, community adoption efforts, the expansion of the marina’s coral garden and activities linked to the Singapore Yachting Festival.
SUTL Enterprise operates marinas across Southeast Asia, with locations in Indonesia, Thailand and Malaysia.
Tay added: “Our new addition will enhance the value of a ONE°15 membership, making it more attractive to members who will gain access to an expanded network, curated fresh experiences, as well as diverse lifestyle activities across all our marinas.”
