Marina at Keppel Bay opened in 2008 and has 166 berths

SUTL Enterprise Limited, owner of the ONE°15 brand, has inked a put-and-call-option agreement to acquire Marina at Keppel Bay from Keppel Bay Pte Ltd for a consideration of S$40 million (about US$31 million). The proposed acquisition, which would include rebranding the facility as ONE°15 Marina Keppel Bay, is expected to be completed in the second half of 2026.

ONE°15 Marina Sentosa Cove, SUTL Enterprise’s first and biggest marina, launched in 2007 and currently offers 270 berths on the east of Sentosa island. This year, the marina will again host the annual Southeast Asia Yachting Conference (April 21-22), Yacht Style Awards (April 22) and Singapore Yachting Festival (April 23-26).

Marina at Keppel Bay opened in 2008 and is located on Singapore’s main island, west of the Sentosa bridge and boardwalk. Set within the Greater Southern Waterfront and overlooked by the Reflections at Keppel Bay towers, the 166-berth marina can accommodate superyachts up to 85m (280ft) and serves more than 10,000 public and private housing units across the precinct.

Its proposed acquisition would make SUTL Enterprise the largest owner/operator of integrated marinas in Singapore, with a combined 436 berths.

ONE°15 Marina Sentosa Cove opened in 2007 and has 270 berths

SUTL Enterprise’s marina portfolio also includes ONE°15 Marina Nirup Island, which is located 8nm south of Singapore in Indonesia and opened in 2023. In April 2024, SUTL Enterprise announced it was developing ONE°15 Marina Panwa Phuket in Thailand. In April 2025, the company announced an agreement to manage ONE°15 Marina Desaru Coast, close to Singapore, on the southeast corner of Malaysia’s Johor province.

Arthur Tay, CEO of SUTL Enterprise, said: “We have been actively seeking opportunities in Asia-Pacific to grow our business. Once completed, the proposed acquisition [of Marina at Keppel Bay] will enlarge ONE°15’s regional footprint and strengthen our Group’s position as one of the largest marina operators in Asia.

“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. 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.”

If it acquires Marina at Keppel Bay, SUTL Enterprise plans to upgrade the clubhouse amenities, improve berthing infrastructure and services, and add new retail spaces. It also plans to invest in integrated lifestyle and wellness concepts, which are expected to improve the asset’s long-term value while expanding revenue channels across berthing, membership, hospitality and F&B services.