SUTL Enterprise has extended the long stop date for its planned acquisition of Marina at Keppel Bay to 31 July 2026 after both parties agreed to defer the deadline while conditions tied to the transaction remain pending.
SUTL Enterprise said the proposed acquisition remains conditional on the marina lot receiving a separate lot number and obtaining live status before the revised deadline. The company added that the deadline could be extended again if both parties agree and regulations allow it.
The plan to acquire Marina at Keppel Bay was first announced on 30 December 2025 through a put-and-call-option agreement valued at $40 million Singaporean dollars (about $30 million USD). Once completed, the acquisition is expected to add 166 berths, including facilities for vessels up to 280ft (85 metres).
The facility is also expected to be renamed “ONE°15 Marina Keppel Bay”. Combined with ONE°15 Marina Sentosa Cove, the group’s total berth capacity in Singapore would increase to 436.
On 27 April 2026, the Competition and Consumer Commission of Singapore said its phase 1 review raised possible concerns over the proposed deal, citing the marinas’ location, similar market positioning and the combined operator’s potential market share. CCS also said limited competition from other marinas could affect pricing and berthing service quality.
