Since 2010, The Float has hosted the graduation parade for full-time National Servicemen who had completed their basic military training.

Designed by the local WOHA Architects, demolition of The Float began in 2023, with completion of NS Square expected in 2027.

[3][10] In 2005, the organising committee worked with the Urban Redevelopment Authority (URA) and the Singapore Sports Council on the design of the floating platform to be used for NDP and also other major events.

By April 2007, the platform and seating gallery were completed and officially opened by Prime Minister Lee Hsien Loong.

[6] In 2022, Defence Minister Ng Eng Hen announced that the original plans to construct NS Square was delayed due to the COVID-19 pandemic.

[15] On 25 August 2007, the stadium was used to launch the six-week-long Waterfest Singapore 2007, which showcases stunts and performances by a water ski team and wakeboard professionals.

In November 2008, The Singapore Cup final between SAFFC and Woodlands Wellington FC was supposed to take place at the stadium.

However, problems relating to the metal beams casting a shadow on the pitch forced the match to be played at the Jalan Besar Stadium instead.

[18] In December 2007, URA considered letting the public access the gallery view the New Year's fireworks at Marina Bay.

[citation needed] In August 2010, The Float hosted the opening and closing ceremonies of the inaugural 2010 Summer Youth Olympics.

On 2 October 2010, the stadium became the first public venue for the graduation parade of the recruits from the Singapore Armed Forces Basic Military Training Centre.