What SUTL Enterprise does

SUTL Enterprise Limited (SGX: BHU) is a Singapore-headquartered, publicly listed developer, operator, and consultant of integrated marinas, and is the only marina business listed on the SGX Mainboard. The company owns and operates the ONE°15 brand and currently runs four marina locations spanning Singapore (ONE°15 Marina Sentosa Cove, 270 berths), Malaysia (ONE°15 Marina Desaru Coast, in preparation), Indonesia (ONE°15 Marina Nirup Island), and Thailand (ONE°15 Marina Panwa Phuket, EIA completed in Q1 FY2026). Its core infrastructure includes superyacht berthing capability for vessels up to 280 feet, a 50+ vessel luxury yacht charter fleet operated by ONE15 Luxury Yachting Pte Ltd, end-to-end marina consultancy services delivered by ONE°15 Management & Technical Services Pte Ltd, and a dedicated events management division that produces the annual Singapore Yachting Festival (12,080 attendees in 2025). Marina operations, headed by management including Regional General Manager Jonathan Sit and Senior Marina Director James Roy, have earned consecutive International Marina of the Year awards from the Marina Industries Association (2021-2025) and Hall of Fame status in 2025.

SUTL generates revenue through four primary streams: marina ownership (berth rentals, retail leasing at marina facilities including the 1,290 sq. m. of retail space at Marina at Keppel Bay), consultancy and management services (planning, design, feasibility, and post-construction optimisation, plus licensed use of the ONE°15 brand across four countries), luxury yacht chartering (transaction fees on a fleet of vessels 17-40 metres), and events management (Singapore Yachting Festival, ON SAIL member programmes, Southeast Asia Yachting Conference). FY2025 revenue was S$39.9 million with profit attributable to owners of S$8.4 million (basic EPS 9.42 Singapore cents), and the company ended FY2025 with S$34.1 million in cash and S$35.4 million in other financial assets, supporting a 5-cent-per-share final dividend proposal.

The company's growth strategy is anchored in a S$40 million announced acquisition of Marina at Keppel Bay (166 berths) from Keppel Bay Pte Ltd, which would increase the Singapore portfolio to 436 berths and make SUTL the largest integrated marina owner-operator in Singapore. The transaction is pending completion of an in-depth second-phase review by the Competition and Consumer Commission of Singapore (CCS), with the long-stop date extended to 4 January 2027. Governance is led by Executive Director & CEO Arthur Tay (appointed 1 May 2010, also Chairman & CEO of SUTL Group of Companies) and Non-Executive Chairman Richard Eu Yee Ming (appointed 31 December 2021, former Group CEO of Eu Yan Sang International).

Name

SUTL Enterprise

Legal name

SUTL Enterprise Limited

Website

https://sutlenterprise.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

SUTL Enterprise Limited (SGX: BHU) is a Singapore-listed developer, operator, and consultant of integrated marinas under the ONE°15 brand, serving affluent yacht owners, marina members, and regional marina developers across Singapore, Malaysia, Indonesia, and Thailand with berth rentals, yacht chartering, consultancy, and events management.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Marina Ownership: Revenue from berth rentals and marina operations at owned facilities including ONE°15 Marina Sentosa Cove (270 berths) and Marina at Keppel Bay (166 berths, pending acquisition). Includes retail space leasing at marina facilities.
2. Consultancy & Management Services: End-to-end marina consultancy covering planning, design, feasibility, and post-construction business optimisation. Also includes licensed use of ONE°15 brand in Singapore, Thailand, Indonesia and Malaysia.
3. Luxury Yacht Chartering: Yacht charter services operated through ONE15 Luxury Yachting Pte Ltd, managing a fleet of over 50 vessels for charter, based at ONE°15 Marina Club Sentosa Cove.
4. Events Management: Dedicated event management division curating lifestyle events for members, yachting community, and business enthusiasts, including the annual Singapore Yachting Festival.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SUTL Enterprise is the developer, owner-operator, and consultant of integrated marinas operating under the ONE°15 brand across Singapore, Malaysia, Thailand, and Indonesia. The Group owns and operates flagship ONE°15 Marina Sentosa Cove (270 berths with superyacht capability) and is acquiring Marina at Keppel Bay (166 berths). It also provides end-to-end marina consultancy and management services, luxury yacht chartering through a fleet of over 50 vessels, and lifestyle events management including the Singapore Yachting Festival.

Product overview

SUTL Enterprise is a leading developer, operator, and consultant of integrated marinas listed on SGX (SGX: BHU). The company operates the ONE°15 brand, which spans four marinas across Asia: ONE°15 Marina Sentosa Cove (Singapore, 270+ berths), ONE°15 Marina Desaru Coast (Malaysia), ONE°15 Marina Nirup Island (Indonesia), and ONE°15 Marina Panwa Phuket (Thailand). The integrated marina model combines berthing infrastructure with lifestyle amenities including retail and F&B options, accommodation facilities, and hospitality services. Beyond marina ownership, the company offers three business segments: Marina Consultancy (through ONE°15 Management & Technical Services), Marina Management Services, and Luxury Yacht Chartering (through ONE15 Luxury Yachting with 50+ vessels). A proposed acquisition of Marina at Keppel Bay would add 166 superyacht berths, making SUTL the largest integrated marina owner-operator in Singapore with 436 total berths.

Differentiator

Problem solved

Functional benefit

Brands

• ONE15 Luxury Yachting: Luxury yacht chartering service operating from ONE°15 Marina Club, Sentosa Cove with fleet of more than 50 vessels ranging from 17 metres to 40 metres
• ONE°15 Marina
• ONE°15 Events Management
• ONE°15 Management & Technical Services

Products and services

• ONE°15 Marina Sentosa Cove Flagship integrated marina at Sentosa Cove, Singapore, offering 270+ berths with superyacht capability for vessels up to 280 feet. First marina in Southeast Asia to receive the Marina Industries Association Platinum Gold Anchor Award. Includes retail and F&B space, fitness facilities, and member amenities.
• ONE°15 Marina Desaru Coast Integrated marina development at Desaru Coast, Malaysia. Subsidiary Sarandra Malaysia Sdn Bhd has begun preparations for operations.
• ONE°15 Marina Nirup Island Marina facility at Nirup Island, Indonesia, part of the Group's regional expansion initiative.
• ONE°15 Marina Panwa Phuket Marina development project in Panwa Phuket, Thailand. Environmental Impact Assessment completed in Q1 FY2026, clearing a key condition precedent.
• Marina Consultancy Services End-to-end marina consultancy delivered through ONE°15 Management & Technical Services Pte Ltd, covering planning, design, feasibility studies, and post-construction business optimization.
• Marina Management Services Daily marina operations, hospitality management, and licensed use of the ONE°15 brand in Singapore, Thailand, Indonesia, and Malaysia.
• ONE15 Luxury Yachting Charter Services Luxury yacht chartering service based at ONE°15 Marina Club, Sentosa Cove, operating a fleet of more than 50 vessels ranging from 17 metres to 40 metres.
• Events Management Dedicated events division curating lifestyle experiences including the annual Singapore Yachting Festival, Southeast Asia Yachting Conference, ON SAIL member programmes, regattas, and Blue Water EduFest.

Quantifiable outcome

• 12,080 attendees at Singapore Yachting Festival 2025
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Keppel Bay Pte LtdcoreStrategic or Co-development Partner · 1 January 2025SUTL Enterprise entered into a put and call option agreement to acquire Marina at Keppel Bay from Keppel Bay Pte Ltd for S$40 million. The acquisition would add 166 berths with superyacht capability for vessels up to 280 feet, making SUTL the largest integrated marina owner-operator in Singapore.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Suntex Marinas: Top US-based marina owner-operator with diversified portfolio of premier marinas. Provides integrated marina services and yachting amenities. Comparable model but focused on US market with broader portfolio of properties.
• Safe Harbor Marinas: Largest marina operator in the United States with over 130 locations. Offers comprehensive marina services including berth rentals, yachting services, and member amenities. Comparable business model but at much larger scale and primarily in North America.

Emerging players

• Burgess Yachts: Global superyacht brokerage and charter company with extensive yacht charter fleet. Comparable to ONE15 Luxury Yachting's charter business with similar affluent customer base and luxury yacht offering, though focused on brokerage alongside charter.

Direct peers

• Royal Phuket Marina: Leading Asian marina operator in Phuket, Thailand, offering luxury berthing, yacht chartering, and waterfront residences. Direct Asian competitor in the luxury marina segment with similar customer base and service offerings, particularly relevant as SUTL expands into Thailand.
• IGY (Island Global Yachting): Global marina operator with luxury yacht berthing facilities in premier yachting destinations. Operates an integrated marina business model similar to ONE°15, serving affluent yacht owners with premium berthing, yachting services, and member amenities. Directly comparable in integrated marina lifestyle offering.
• Camper & Nicholsons Marinas: International marina development and management company providing marina consultancy, design, and operational services. Highly comparable to ONE°15 Management & Technical Services, serving marina developers globally with similar end-to-end planning, design, and optimization services.
• D-Marin: Mediterranean-focused marina operator with integrated marina services, premium berthing, and yachting lifestyle offerings. Similar integrated marina model with focus on luxury yacht owners and premium positioning across multiple geographies.

Regional players

• Sanctuary Cove Marina: Australia-based premium integrated marina and resort destination. Similar marina-residential integrated model with luxury berthing, F&B, and lifestyle amenities. Comparable in APAC markets with mixed-use marina development approach.
• Ocean Marina Jomtien: Largest marina in Southeast Asia located in Pattaya, Thailand. Direct regional competitor in Thailand market where SUTL is also expanding (Panwa Phuket). Similar superyacht capability and luxury positioning targeting Asian yacht owners.
• Raffles Marina: Premium marina located in Singapore, offering berthing, yachting services, and club facilities. Direct Singapore competitor to ONE°15 Marina Sentosa Cove, serving similar affluent yacht owners in the same metro market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SUTL Enterprise