Cathay Cineplexes will close its JEM shopping mall outlet in Jurong East today (March 27).
In its filing on the Singapore Exchange, the cinema chain’s operator, mm2 Asia, stated that the closure follows over a year of negotiations with the landlord, Lendlease Global Commercial Real Estate Investment Trust.
Cathay Cineplexes “has been actively engaging with the landlord to negotiate and resolve issues related to the continued occupation of the premises and rent arrears.”
However, Lendlease ultimately chose to terminate the lease, seeking to recover approximately S$4.3 million in rental arrears, among other costs.
When Vulcan Post checked Cathay Cineplexes’ website, no movie listings were available for its Jem outlet.
With the JEM outlet closure, Cathay Cineplexes will have four remaining outlets:
- Causeway Point,
- Downtown East,
- Century Square, and
- Clementi 321.
Over the past few years, Cathay Cineplexes has shuttered five other locations, which include its outlets at West Mall, AMK Hub, Dhoby Ghaut, Parkway Parade, and Cineleisure Orchard.
In an effort to sustain its operations, the cinema chain recently launched a voucher set, offering 10 movie tickets and 10 popcorn-and-water combos for just S$100—a significant discount from the original price of S$223.
Featured Image Credit: Cathay Cineplexes
