This is the former Majestic Theatre in Chinatown. I think the picture was taken just a few years ago. The picture is from this site - http://travelerfolio.com/places/singapore/. This site has many beautiful photos of sights and happenings in Singapore.
Last Saturday I saw this signboard and went in thinking there would be new shops after the renovation. I was wrong. All three levels have become the premises of Singapore Turf Club. It is now one of its betting centres/outlets.