Cinema space at Golden Mile Tower up for sale for S$31 million

A unique cinema space within Singapore's iconic Golden Mile Tower is on the market, with a guide price of S$31 million (US$24 million). The strata-titled property, spanning approximately 104,991 square feet across multiple levels, offers a rare opportunity for investors and end-users.

The premises currently feature four auditoriums with a combined seating capacity of up to 2,000 people. It also includes office space on the third and fourth floors. Real estate services firm CBRE, the exclusive marketing agent, highlights the space's significant potential for reconfiguration. Options include creating a single, large auditorium or repurposing parts of the area for alternative uses such as an event venue, media production studio, or gym.

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There is potential to reconfigure the premises into a single large auditorium with a seating capacity of close to 2,000, or to partially convert the space into alternative uses such as an event venue, media production studio, or gym.

Carnival Cinemas, which screens Bollywood and regional films, currently occupies a portion of the space. Golden Mile Tower also houses another cinema operator, the independent Filmhouse, which recently took over a space previously occupied by The Projector. The Projector, an independent cinema operator, ceased operations abruptly in August last year due to rising costs, with its parent company owing over S$1.2 million to creditors.

The sale is being managed through an expression of interest exercise, which will close on August 4 at 3 p.m. Foreigners and corporate entities are eligible to purchase the commercial property without incurring additional buyer's stamp duty.

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offers a high degree of versatility