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Site where iconic Queenstown cinema once stood sold for S$78m

Cheong Sim Lam is buying the commercial-zoned site with 57 years balance lease from Crescendas Group

Kalpana Rashiwala

Published Wed, Nov 2, 2016 · 09:50 PM

Singapore

A PRIME commercial-zoned piece of vacant land - where the former Queenstown cinema and bowling centre once stood - has been sold for S$78 million. The price for the site, which has a balance lease term of 57 years, is understood to work out to about S$756 per square foot of potential gross floor area.

Located a stone's throw from Queenstown M…

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