Frasers Property to Redevelop Yishun 10 into 110-Unit Complex by Mid-2031

Frasers Property announced on September 2 that Yishun 10, Singapore’s first cinema multiplex, will cease operations on March 2, 2027, and be redeveloped into a mixed-use complex with about 110 residential units and a retail podium. The new development, targeted for completion by mid-2031, will be the first residential launch in Yishun Central in more than a decade. Frasers Property acquired the cineplex from Golden Village in June 2025 and purchased the 10 strata lots from Frasers Centrepoint Trust for S$34.5 million.

Yishun 10 closes March 2, 2027

Singapore’s first cinema multiplex will shut down in six months to make way for redevelopment. Yishun 10 opened on May 28, 1992, and operated for over 34 years, including a 2010 renovation when it was renamed GV Yishun. The site occupies 39,125 square feet with a gross floor area of 117,376 square feet, located at 51 Yishun Central 1 next to Yishun MRT station and the Yishun Integrated Transport Hub.

Mixed-use development targets mid-2031 completion

The new complex will contain approximately 110 residential units, a retail podium at street level, and a landscaped facilities deck on the second storey. Frasers Property will continue to manage the site after redevelopment, with underground pedestrian access connecting to Northpoint City. This marks the first residential launch in Yishun Central in over a decade.

Frasers Property acquisition and investment

Frasers Property bought the cineplex from cinema operator Golden Village in June 2025, then purchased the 10 strata lots from Frasers Centrepoint Trust for S$34.5 million. Shares of Frasers Property fell 1 per cent or S$0.01 to close at S$1.01 on Tuesday, reflecting market reaction to the announcement.

Yishun 10 Memories initiative preserves community history

Frasers Property launched the Yishun 10 Memories initiative to document and celebrate the building’s place in the community. Preliminary plans include upcycling selected artefacts from the multiplex, featuring community stories, artworks and interpretive murals in the future development, and compiling memories and materials from patrons and residents. Community members can submit memories, photographs and memorabilia to [email protected] by October 31, 2026.

Final Thoughts

The Yishun 10 redevelopment represents a major shift in Yishun Central’s landscape, converting a 34-year-old entertainment landmark into residential and retail space. With Frasers Property managing the site post-development and targeting mid-2031 completion, investors should monitor execution timelines and rental demand in the area.

FAQs

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.