Singapore’s fine-dining scene in dire straits; more closures expected before year end
Poor market conditions are forcing operators to cut losses or pivot to survive
DeeperDive is a beta AI feature. Refer to full articles for the facts.
BY OCTOBER, one-Michelin-starred Sommer will be no more. Former star Beni recently shuttered without a word. Popular fine-dining favourite Voyage is also set to close at the end of December. Longstanding Bam! Restaurant served its last meal on Aug 15. They are just the latest stark reminders that talented chefs and pedigree are no longer a match for the wallet that rules them all – the increasingly cost-conscious consumer.
They follow a list of Michelin-star closures announced in the last six months that include La Dame de Pic, Braci, Table65 and Chef Kang’s. While the non-renewal of leases is among the reasons cited for closure, the rate at which restaurants are calling it quits is a clear sign that the malaise felt in the fine-dining industry since 2023 is escalating into what one restaurateur calls “a purge that has only just begun”.
Market challenges
Sommer will close on Oct 26, when its lease runs out after four years. “We’ve done all we can with Sommer and we want to focus on brands with good growth opportunities,” says Lim Kian Chun, co-founder and chief executive officer of Ebb & Flow, which also closed its Tigerlily Patisserie in April this year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025