Singapore Flyer rikala pisanan dipungagas awal 2000an déning Patrick MacMahon saking Melchers Project Management, sawijining naka parusahan saking Jerman Melchers. Rencana resmi dipunbiwarakaken nalika 2002. Sawijining parusahan énggal, Singapore Flyer Pte Ltd, dipunbentuk minangka pengembangipun, kanthi Melchers Project Management gadhah 75% sahamipun, sisanipun dipungadhahi déning Orient &amp; Pacific Management.