Mall-owner Marina Centre Holdings (MCH) is spending close to $100 million to redevelop Marina Square Shopping Mall.

This entails a two-phase redevelopment plan involving a 50,000 sq ft gourmet precinct called The Dining Edition, and a 200,000 sq ft retail wing.

The General Manager of MCH, Ms Chan Yien Mei, said Wednesday that the redevelopment plans had been two years in the making.

The cost of developing Dining Edition will be an estimated $15 million and is slated to be completed by June 2013.

The upcoming retail wing, part of the second phase, will begin in the second quarter of this year (2013) and cost about $80 million.

Ms Chan said: "This is a prime piece of real estate. As the greater Marina Bay precinct develops, we want to put our best face forward and showcase ourselves to the emerging catchment that is across the bay."