Singapore Recreation Club plans S$16.6 million renovation, but some members baulk at S$3,000 fee
THE Singapore Recreation Club (SRC) is planning a S$16.6 million clubhouse refurbishment as part of plans to attract younger members – but some older members object to the cost.
Speaking to The Business Times, SRC president Chang Yeh Hong said: “For some of those senior members where the runway is short, obviously they are thinking about why they need to put more money behind this.”
The social club will seek S$3,000 from each of its 4,782 members – or some S$14.3 million in total – to fund the bulk of the two-year renovation project, with the rest coming from its cash reserves.
TRENDING NOW
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
AGT raises Nam Cheong stake; Silchester increases holdings of ComfortDelGro
Johor property old hand KSL readies family handover amid market boom