Is time running out for Singapore’s heritage clubs?
As prime sites come under review, private sports and recreation clubs must show they can deliver value beyond exclusivity to secure their future
[SINGAPORE] Founded in 1950, Changi Beach Club (CBC) has long operated as a private seaside retreat.
But internal e-mails seen by The Business Times showed that by February this year, the club was on the brink of closure. Financial difficulties and a failure to meet quorum at two extraordinary general meetings had stalled a vote on whether to accept a short lease extension from the state – one that came with a monthly rent of S$49,200.
Without a decision or a viable solution, the club says it would be forced to suspend operations by end-March. In a final push, 359 members raised nearly S$420,000 to secure a three-year lease extension through June 2028.
Copyright SPH Media. All rights reserved.
