The body was spotted floating near the MacRitchie Reservoir jetty at about 7.20am this morning.
SCDF officers and paramedics are also at scene.
A PUB boat has been sent out to retrieve the body to shore.
The woman went missing yesterday.
Police begun a search for the missing woman, after a missing persons report was lodged.
There was no sign of the 21-year-old woman, though her belongings were found in the park.
The search started at 1pm and was called off at 6.30pm yesterday.
The SCDF’s DART divers were activated after that to carry out a dive search in the reservoir.