Yishun 10 multiplex set to make way for residential and commercial building

Singapore’s first multiplex, Yishun 10, is set to be redeveloped, based on a proposed change to the site’s land use.

- Ng Keng Gene

On May 8, the Urban Redevelopment Authority (URA) published the amendment proposing that the building, currently zoned for commercial use, be primarily for residential purposes, with commercial space on the first storey.

Opened in May 1992, the building - also commonly known as GV Yishun — is owned by Frasers Property, which has the neighbouring Northpoint City in its portfolio as well. URA said the proposed amendment was “to facilitate a development proposal” that the agency had received.

In response to queries, a spokeswoman for Frasers Property said the company explores potential uses for its existing properties. This includes “assessing the highest and best use of our sites”, she said, adding that “having full ownership of Yishun 10 positions us well to unlock redevelopment value”.

On when the leases of the building’s existing tenants will expire, and if they will be allowed to see out their leases, the spokeswoman said: “It is business as usual at Yishun 10, and we will provide an update should any material development arise.”

Designed by Australian architect Geoff Malone and built at a cost of $37 million, the four-storey building has 10 strata-titled retail units on the first floor, a 1,477-seat Golden Village multiplex with 10 cinema halls and a basement carpark.

Its tenants include Arnold's Fried Chicken, Sri Murugan supermarket and Indian eatery Komala’s.