Rent is killing Singapore

Co-owner of firm behind record $52k bid to rent Tampines HDB clinic says location justifies cost​

The Tampines clinic’s eye-popping rent recently caught public attention and ignited discussion about rising rentals and healthcare costs.ST PHOTO: ARIFFIN JAMAR
Isabelle Liew
Jun 04, 2025

SINGAPORE – The co-owner of a healthcare services firm that placed a record high bid of $52,188 in monthly rent for a unit in a Tampines HDB estate, has come out to explain that his bid was based on the attractive attributes of the area.

Mr Andrew Chim, 37, co-owns I-Health Medical Holdings – the firm that won the tender to operate the 50 sq m ground-floor unit at Block 954C Tampines Street 96.

Bidding on the unit had closed in January, and the results were announced by the Housing Board in March, said Mr Chim.

But the clinic’s eye-popping rent recently caught public attention and ignited discussion over the last few days about rising rentals and healthcare costs.

Mr Chim told The Straits Times on June 3 that the unit in question had the most attractive attributes among recent HDB units for general practitioner (GP) clinics.

He pointed out that the unit is in the middle of Tampines West where there are five Build-To-Order projects with 5,000 households, as well as other upcoming developments like a new mixed-use project and a shopping mall.

“Our assessment is based on our understanding of the number of units in the area and the surrounding competition,” he said, adding that there are around five other clinics in the vicinity.

I-Health has three other clinics in heartland areas around the island, where it pays between $7,000 and $10,000 in rent.

It plans to open its Tampines clinic on June 26.

There were 13 bids in total for the Tampines clinic, which comes with a three-year lease. The stated winner, Mr Shaun Lum, is the other co-owner of I-Health. HDB did not disclose the bid amounts from the other tenderers.

The $52,188 rent came to public attention on May 31 after healthcare practitioner Hisham Badaruddin took to professional networking platform LinkedIn to say this was an “obscene” amount to pay for rent for a clinic in an HDB estate. Dr Hisham, who runs his own practice, Bartley Clinic, told ST on June 3 that he was concerned about the implications of such high rents, pointing out that it could translate to higher healthcare costs.

“It may have a ripple effect where other landlords raise their rents too. If it affects me, it will in turn affect my patients,” said the 54-year-old, who pays about $6,000 a month in rent for a shophouse unit in Paya Lebar.

Mr Nicholas Mak, chief research officer at property search portal Mogul.sg, said demand for the unit in Tampines GreenGem was high, considering that clinics in HDB estates usually attract fewer than 10 bids.

He added that private landlords could use the high rentals in HDB commercial spaces as a benchmark to raise their asking rents.

“This will either force some retail operators out of business or force them to raise prices. The higher rentals will eventually be passed on to consumers as higher prices of the goods and services,” Mr Mak said.

Asked if I-Health will increase prices at its Tampines branch, Mr Chim said that despite the high rental, consultation fees will range from $30 to $35, comparable with those of other heartland clinics.

“Our pricing will be commensurate with other clinic chains’ – it has to be because Singaporeans are value-conscious,” he said.

Mr Chim said he is confident that after a year, the Tampines branch will see between 70 and 90 patients a day. At that point, it will get a second doctor. He expects the clinic to make a profit in 1½ to two years.

It will be open from 8.30am to 3pm and 5.30pm to 10pm, including on weekends and public holidays, he said, adding that nearby clinics are open for fewer hours.

This is the first time I-Health has successfully tendered for an HDB unit. It tried submitting bids for four other tenders in areas such as Bidadari and Tampines North, but the company “did not have enough cash flow” then, said Mr Chim.

“Now that we have sufficient cash flow, we have confidence to go after the best locations,” he said.

About concerns that I-Health’s bid would cause rents for other clinics to rise, Mr Chim pointed out that landlords might not be able to find tenants willing to pay higher prices.

Other recent successful rental bids for GP clinics in HDB estates include a $40,088 bid for a unit at Block 235B Tengah Garden Walk. Bidding for that unit also closed in January and was awarded to Dr Daphne Lee.

The same month, Caring Medical Clinic placed a successful bid of $25,388 to rent a unit at Block 666 Tampines Street 64.

Ong Ye Kung ‘dismayed’ at $52k bid to rent Tampines HDB clinic​

I-Health Medical Holdings won the tender to operate the 50 sq m ground-floor unit at Block 954C Tampines Street 96 in March. ST PHOTO: ARIFFIN JAMAR
Isabelle Liew and Samantha Lee
Jun 04, 2025, 09:38 PM

SINGAPORE - Health Minister Ong Ye Kung said he was “dismayed” at the $52,188 monthly rental bid for a general practitioner (GP) clinic in a Tampines HDB estate as it may lead to higher healthcare costs for residents.

Going forward, bids for future HDB GP clinics will be assessed using a model that focuses less on price, and more on quality of care, he said in a Facebook post on June 4.

Mr Ong said the high rental bid would “translate to higher cost of healthcare one way or another” and negate the Health Ministry’s efforts to keep the cost of primary healthcare affordable.

“More importantly, higher rental bids do not necessarily translate to the best healthcare that the community needs,” he added.

I-Health Medical Holdings had won the tender to operate the 50 sq m ground-floor unit at Block 954C Tampines Street 96 in March.

But the issue recently came to public attention after a doctor called the $52,188 monthly rent “obscene” in a LinkedIn post. It sparked discussion over rising rentals and healthcare costs.

Mr Andrew Chim, 37, the co-owner of I-Health Medical Holdings, had told The Straits Times that his bid was based on the attractive attributes of the area.

He said the unit is in the middle of five Build-To-Order projects with 5,000 households, and near upcoming developments like a new mixed-use project and a shopping mall.

On June 4, Mr Ong pointed to the new tender approach for GP clinics that MOH and HDB had first launched at the Bartley Beacon development in May.

Under this new “price-quality evaluation model”, quality of care will account for 70 per cent of tender evaluation and rental price the remaining 30 per cent.


The Bartley Beacon tender closed on May 29, and Mr Ong said MOH received proposals with rental bids significantly below that for the Tampines site.

He noted that the Tampines clinic launched for tender in December 2024 and was awarded in March 2025, before tenders took on the price-quality evaluation model.

The new model which will be the norm moving forward will shift the focus away from rental rates.

“It will be a meaningful shift, both in improving primary care, and ensuring greater affordability,” Mr Ong said.

General practitioners who run clinics in HDB estates either rent directly from the state, or from landlords who own HDB commercial units.

GPs that the The Straits Times spoke to felt the $52,188 rental was too high to be sustainable. Some doctors that rented from private landlords described a volatile rental market that has seen prices rising after the pandemic.

Dr Conrad Chin, who runs the E. L. Chin Family Clinic and Surgery in Clementi, said he thought the rental amount was outrageous.

“Most older doctors do not pay above $2,000 for rent. I doubt that the ($52,188) price is sustainable in the long term,” he added.

Dr Wong Choo Wai, who runs two HDB clinics in Bedok and Jurong, said that if rent is not sustainable, the clinic will have to pass on the cost to patients.

Dr Wong, who rented before buying his own units in 2009 and 2015, said the rental market has been volatile.

“When the clinic starts doing well, private landlords may jack up the rent,” he said.

In 2009, the landlord for his Bedok unit asked for a 40 per cent increase in rent. As the rent “did not make sense” for the clinic, Dr Wong bought a neighbouring unit for about $750,000.

“I’m thankful I made the decision to buy, or else I will be at the mercy of the landlord,” he added.

A doctor who runs a clinic in Clementi and declined to be named said he hopes the $52,188 rent will not trigger rent hikes as small businesses are already struggling with rentals.

“Anything over $10,000 would be difficult for me to run the clinic. As solo GPs, we don’t make that kind of money to justify the rental,” he said.

Parkway Shenton chief executive Tay Wee Kai said that rents at their clinics in HDB estates have increased across the board post Covid-19.

“This is partly due to inflation and also due to some landlords adopting a “catch-up” mentality and expecting higher rent,” he said.

Mr Tay added that during the Covid-19 pandemic, rents remained stagnant and even went down at some locations. Their branches in HDB estates comprise about half of their more than 30 clinics.

Hawker, 76, closes Serangoon vegetarian stall after rental allegedly rises from S$930 to S$3,000​

A 76-year-old man and his wife decided to close their vegetarian food stall at a Serangoon coffeeshop after the new operator allegedly raised their rental from S$930 to over S$3,000 per month.

However, while he was moving out of the coffeeshop on Feb. 28, the exiting operator allegedly "kept rushing him and even cursed at him", reported Shin Min Daily News.

When the man, surnamed Liang (transliteration from Chinese), asked the exiting operator for a refund of two days' rental as he closed his stall on Feb. 26, the latter apparently rejected his request.

Eventually, Liang alerted the police, and the matter was resolved with the help of police mediation.

Upon learning about the incident, the new operator of the coffeeshop also arrived at the scene and refunded Liang two days' rental, which amounted to S$62, from his own pocket.

According to Shin Min, Liang was the owner of Shang De Vegetarian, a food stall that had been in operations for over 10 years.

Liang told the Chinese daily that he initially operated his stall along Circuit Road before moving to its latest location at 566 Serangoon Road coffeeshop.

Before running the stall, Liang joined his older brother in Denmark and worked in the food and beverage industry for over ten years before returning to Singapore.

"At the time, I was around 50-years-old. I initially helped out at a friend's steel factory, but ultimately, I wanted to start my own business.

Over the years, I sold items, such as chicken rice, wanton mee, and prawn noodles. Later on, I got exposed to vegetarianism through religion. I was so inspired that I wanted to promote healthy dining," recounted Liang.

Click to expand...

Liang shared with Shin Min that he decided to close his stall after learning that the new operator will be renovating the coffeeshop and that his new monthly rental might triple.

"I am just running a small business, and I only earn enough to get by. I can't afford such rent. I may bid for a stall at a government-owned hawker centre to continue running my business," he added.

As the coffeeshop would be handed over to the new operator on Feb. 28, Liang said the exiting operator asked him to empty his stall by then.

However, as he and his wife are both in their 70s, they "fell slightly behind schedule" in cleaning up their stall on Friday.

He was taken aback when the exiting operator allegedly "rushed him" while he was moving his belongings in the morning.

"I already informed him that I would be moving everything away by 6pm. [At that time,] there was only one refrigerator left waiting to be taken away. I don't understand why he was so aggressive," said Liang.

In response to Liang's allegations, the exiting operator told Shin Min that the coffeeshop had informed all stallholders that they would need to empty their stalls before Mar. 1 so that the venue can be handed over to the new operator for renovation.

When he noticed that Liang had yet to empty the vegetarian stall on Feb. 28, he became worried that he might not be able to hand over on time and decided to "approached Liang to find out more".

"However, he told me, 'It's none of your business' and said he would liaise directly with the coffee shop owner. These comments made me feel disrespected.

Although I am only the operator of the coffeeshop, the stall owners pay their rentals to me, and they also signed their lease with me," added the exiting operator.

He also admitted that he had spoken "inappropriately" on Friday, adding that he was caught up in the heat of the moment.

As for why he did not refund Liang two days' rental, the exiting operator said that all stalls were closed on Feb. 26, but the coffeeshop owner did not return the rental to him.

"How can I give back the rental to the stallholders?" he asked.

According to Shin Min, many old customers patronised Liang's stall for one last time on Feb. 26.

One of these diners was Workers' Party chief and Leader of Opposition Pritam Singh, who also posted a photo of himself with Liang and Liang's wife on Instagram.

Liang said he was touched by the support from his customers.

He added that even though he and his wife are in their silver years, they enjoy good health and are "young at heart".

Hence, they do not plan on retiring and will reopen their stall for business after a bit of rest.

Isn't it more obvious that papee is killing sg? Openly and unabashedly

Why kpkb? Sinkies r d 1 who sarpork pap, endorse their policy
so i dun wan to hear any more complaints

cowbellc said:

Why kpkb? Sinkies r d 1 who sarpork pap, endorse their policy
so i dun wan to hear any more complaints

Click to expand...

If the rental doesn't kill you, the high private property price, BTO flat price and resales flat price will kill you

Empty shops, boarded windows: Has Holland Village lost its mojo?​

Holland Village is known for its bohemian vibes, trendy cafes, restaurants and a mix of old and new local businesses.ST PHOTO: TARYN NG
Hazel Tang
Jun 06, 2025

SINGAPORE – In October 2024, a party celebrating the 10th anniversary of Bynd Artisan – a home-grown brand known for handmade leather and paper gifts – was in full swing at its flagship store in Jalan Merah Saga.

The energy was unmistakable as guests mingled, admired the anniversary collection and lined up to personalise keepsakes with the craftsmen.

Beneath the conviviality, however, was a quiet sense of transition. Four months later, in February, Bynd Artisan moved on from its beloved Holland Village home, joining the evolving landscape of the neighbourhood.

Well-known names such as Thambi Magazine Store, ice cream parlour Sunday Folks and party paraphernalia shop Khiam Teck shuttered in 2024.

“It was bittersweet,” says Bynd Artisan’s co-founder Winnie Chan, 53. She and her husband James Quan set up shop in Chip Bee Gardens in 2015 during Singapore’s 50th year of independence.

The store was a tribute to Ms Chan’s grandfather, one of Singapore’s pioneering hand bookbinders. His legacy lived on through the personal touches in the space – most notably, the towering Heidelberg letterpress.


Home-grown brand Bynd Artisan’s 10th anniversary party in October 2024 was not only a celebration but also a farewell to its flagship store in Jalan Merah Saga.ST PHOTO: ARIFFIN JAMAR
For years, the iconic machine stood proudly outside the shop, drawing the curiosity of passers-by who thronged the streets of Holland Village.

But foot traffic has dwindled over the years to a point where staying on no longer makes business sense.

On a typical weekday afternoon, fewer than 10 people walk past the storefront and only one might step inside. Even on weekends, the numbers barely improve.

What led to this decline in foot traffic and whether Holland Village can ever return to its former vibrancy are questions that business owners grapple with.

From kampung to trendy hangout​

Holland Village – spanning Lorong Mambong, Lorong Liput, Holland Avenue and Chip Bee Gardens – is known for its bohemian vibes, trendy cafes, restaurants and a mix of old and new local businesses.

It began as a kampung, later giving way to terraced houses and walk-up apartments in Chip Bee Gardens – built as married quarters for the British military – and shophouses that became the defining features of the area.

Contrary to popular belief, Holland Village is not named after the Netherlands. It is believed to have been named in the early 1900s after Hugh Holland, an architect and amateur actor who reportedly lived there.


An aerial view of the intersection between Lorong Mambong and Lorong Liput.ST PHOTO: TARYN NG
Among locals, it was once affectionately called Hue Hng Au, meaning “behind the garden” in Hokkien, a reference to its proximity to the Botanic Gardens.

A turning point came in the 1990s, when nearby Orchard and Tanglin became prime residential zones and there was an influx of Western expatriates. Retail brands moved into Holland Village, transforming the tranquil neighbourhood into a lifestyle destination.

Ms Chan fondly remembers Holland Village in its heyday – buzzing with energy and creativity.

In 2014, the arrival of lifestyle and magazine brand Monocle in Jalan Kelabu Asap further sealed the neighbourhood’s reputation as one of Singapore’s hippest enclaves. That spirit peaked in 2018, when Singapore Design Week transformed Holland Village into a mega block party venue celebrating the fusion of arts and community.

“It was very happening,” Ms Chan recalls, saying Holland Village was often featured in guidebooks, attracting mini-tours and crowds of both locals and tourists.

The expatriate families also organised their own funfairs, where children ran barefoot on the lawns and in the shaded lanes.


The Heidelberg letterpress outside Bynd Artisan’s flagship store in Holland Village. The brand’s co-founders made the difficult decision of letting the machine go as the business moved out.ST PHOTO: ARIFFIN JAMAR

Uniqueness versus survival​

That lively charm and authenticity has faded in recent years, according to Bynd Artisan’s founders.

This reflects the challenge of preserving the neighbourhood’s unique identity amid current pressures – from rising rents and dwindling foot traffic to inflation and competition from trendier districts.

It is a tricky dance – one that Holland Village must master if it hopes to revive the spirit and vitality that once defined the area.

“For those who make the effort to visit Holland Village, there is not enough to convince them it’s worth the trip,” says Mr Quan, 57.

He draws a comparison with Tokyo’s Cat Street and Omotesando neighbourhood, where tourists often head to a particular vintage shop mentioned in guidebooks – only to discover dozens more in the same area, along with hidden restaurants.

“Over here, if a guidebook says Bynd Artisan is in Chip Bee Gardens, and someone makes the trip only to realise it’s just that – one shop and nothing else – they may not come back. They’d rather go to a shopping mall where they can get everything in one place,” he says.


Bynd Artisan co-founders James Quan and Winnie Chan outside the flagship store in October 2024. The store closed in February 2025.ST PHOTO: ARIFFIN JAMAR
Mr Chua Tiang Hee, 74, owner of Fosters Steakhouse, believes the new developments – One Holland Village, which opened in December 2023, and Holland Piazza, launched in 2018 on the site of a former mall that featured an iconic windmill at the top – have diluted the area’s uniqueness, making it more like other neighbourhoods with malls housing familiar retail chains.

In the past, “Holland Village had this indescribable charm”, Mr Chua recalls.

Fosters Steakhouse, located in Holland Avenue, had outdoor seating surrounded by greenery. “It fits my concept of building an English greenhouse restaurant perfectly. I would sit outside, watching the trees and feeling as though I am not in Singapore.”

The British-themed restaurant moved out in October 2022 and reopened three months later, as a modest cafe tucked inside YewTee Point. But in just two years, Mr Chua closed the business for good.


Mr Chua Tiang Hee, owner of Fosters Steakhouse, which moved out of Holland Village in 2022. He reopened the business as a modest cafe in YewTee Point, but closed it two years later.ST PHOTO: LIM YAOHUI
He misses the old Holland Village that lives in his memory.

“Right now, if you walk around the area, you don’t know which shops or restaurants are exactly there because they are constantly moving in and out,” he says. “Yes, there are new hypes, but they definitely changed the area’s appeal, which is now gone.”

During a quick walk around Holland Village on June 5, The Straits Times spotted nine vacant shop units along Lorong Mambong and Holland Avenue.

High rental costs appear to be driving business turnover.

When Fosters moved out of Holland Avenue in 2022, Mr Chua was offered a unit along Lorong Mambong for over $20,000 a month.

“I was flabbergasted when I found out another F&B establishment there was paying $50,000 a month for two floors,” he says.

“I often wonder how these shops can afford the rent. For some of them, I don’t even see a lot of customers inside. Maybe they go online, but still, it’s challenging.”


Fosters Steakhouse was famous for its English scones with clotted cream and jam.ST PHOTO: LIM YAOHUI
As at June 5, rental listings on property websites show that shophouse rents range from $13,700 for a 797 sq ft unit to $62,000 for a two-storey corner space measuring 3,468 sq ft. On average, monthly rents hover around $17 to $18 per sq ft – comparable with those in the heart of Orchard Road.

‘We want to be here’​

Some old-time businesses have chosen to stay, holding fast to the spots where they were founded years ago.

“Holland Village has always been in a state of change,” says Mr Michael Hadley, owner of Mediterranean vegetarian restaurant Original Sin.

When he opened the restaurant in Chip Bee Gardens in 1997, the surroundings were far from polished. There were no steps or paved roads outside.

It was the Euro-chic appeal and relaxed sophistication that drew him and his wife Lorraine to the area. Both passionate food lovers, they dreamt of bringing quality Western cuisine and fine wines to locals – without sky-high prices.

Mrs Hadley says they used to host group dinners and wrap wine bottles in foil to let diners guess their value – often surprising the guests that good wines did not always have to come from France and could be affordable.

As Original Sin gained popularity, the couple, both in their 50s, would give back to the community by hosting special needs children for free annually. Still, like many other businesses, it has felt the impact of a changing landscape and the area’s waning appeal.


Mr Michael Hadley opened Mediterranean vegetarian restaurant Original Sin in 1997 to introduce locals to quality wine and meatless cuisine.ST PHOTO: GIN TAY
When Holland Village MRT station opened in 2011, there were high hopes that it would draw larger crowds to the area.

“The MRT is great,” says Mrs Hadley. “But what it really did was take people out of the neighbourhood. There was no boom. Many people left to explore other areas.”

The situation worsened in 2019 when two carparks were closed to make way for the One Holland Village development.

Parking has long been a nightmare in Holland Village, Mr Hadley notes. Even before the closures, it was common for drivers to circle the area for a spot, often ending up in Chip Bee Gardens and crossing the road to get to the main stretch. This, in turn, deprived visitors to Chip Bee Gardens of parking spaces.

Then came the pandemic.

“Covid-19 changed the dynamics of Chip Bee Gardens,” says Mrs Hadley, noting that many expatriate residents left. Although business picked up slightly in the aftermath, the momentum has subsided, according to the couple.

The greatest challenge now is whether Original Sin can continue operating in Chip Bee Gardens.


Bosco Misto, a popular menu item at Original Sin, features spinach, feta and tofu patties coated in almonds and sesame, served with asparagus and a mushroom plum sauce.PHOTO: COURTESY OF ORIGINAL SIN
The terraced houses and walk-up apartments in the precinct are managed by the Singapore Land Authority (SLA). They are let out on a two-year lease via open tenders. This approach aims to promote transparency and ensure that anyone who is interested in renting has an equal opportunity.

While the Hadleys emphasise that they are not asking for preferential treatment and agree that the area needs diversity, they hope the authority can offer small businesses – especially those that have long been part of the community – a chance to stay.

“We want to be here,” Mrs Hadley says.

“But we don’t know what rental prices they will throw at us... We are not sure how important it is for someone else who wants to rent a space here, but for us, it is important because we have always been here.”

A spokesperson for the SLA says it proactively seeks innovative ways to further unlock the potential of state-managed properties. On top of rental prices, tender proposals are also evaluated based on their creativity, contribution to the precinct’s vibrancy and incorporation of green and sustainable initiatives.

The goal is to enhance community engagement and ensure Chip Bee Gardens remains interesting and relevant to the evolving lifestyles of both locals and international visitors.


Terraced houses and walk-up apartments in Chip Bee Gardens are state properties managed by the Singapore Land Authority and are let out on a two-year lease via open tenders.ST PHOTO: ARIFFIN JAMAR
Another business that has adapted to the changes is Joo Ann Foh.

Nestled within Holland Road Shopping Centre, it has evolved significantly since it was established as a Chinese medicinal hall in 1906.

In the 1960s when the British military forces moved into the area, the medicinal hall expanded its offerings to include daily goods and provisions for the new community. This continued until the 1990s, when the second generation took over, turning it into a photography and printing service shop.

“The only constant in Holland Village is change,” says Mr Kenneth Ng, 48, a third-generation owner. “It’s not something we love, but something we have learnt to accommodate.”

His younger brother Adam, 46, weighs in: “We are doing our best to keep the business going because our customers already see us as part of Holland Village... they trust us, and they recommend us to their friends.”

Holland Village used to have a laid-back feel, he reminisces. There were shops selling rattan goods, antiques and party supplies – quirky, niche places that made the area special. “These unique offerings drew people in,” he says.


Brothers Adam Ng (left) and Kenneth Ng are the third-generation owners of Joo Ann Foh.ST PHOTO: TARYN NG
“Now, whatever you find here... you can find elsewhere. There is nothing exclusive here to generate foot traffic.”

While they understand why landlords lease spaces to big-name chains with deep pockets, they believe this is neither sustainable nor beneficial for the neighbourhood.

“We need to take a broader view,” says Mr Kenneth Ng.

“Imagine: Thambi now reopens at the front of One Holland Village. It is just a modest magazine stand, but it is also a beloved local landmark. So why not consider lowering the rent to bring in more businesses like this to make this place special?”

The Ng brothers anticipate further shifts in the area’s dynamics following the completion of the mixed-use development.

“It is too early to say exactly how things will change, but we will see a new wave of residents moving in, and the office tower will be filled as well,” says Mr Kenneth Ng.


A family photo taken at Joo Ann Foh’s original shop in Holland Avenue in the 1980s. A section of the shop carried photography-related products, while another section offered daily provisions. Seen here are business founder Ng Chin Wah (with glasses), second-generation owner Paul Ng and his wife Irene Mah, and the couple’s young sons Kenneth Ng (left) and Adam Ng.PHOTO: COURTESY OF JOO ANN FOH
Ms Clara Ong, who has a pet corgi with her boyfriend, were regulars at One Holland Village when it first opened as they were attracted by its pet-friendly appeal, but their visits have since tapered off.

“Most stores still require pets to be in carriers or strollers and many restaurants allow them only in the outdoor seating areas,” the 29-year-old marketing executive explains. “We usually end up going elsewhere like East Coast Park or places with more open space and a more relaxed vibe for pets.”

Ms Ong remembers Holland Village as a place once known for its hidden gems. “Now, it feels too commercial.”

Giving the space a chance​

If uncertainty breeds opportunity, it might explain why Mr Lee Joon Peng, 45, took a leap of faith three years ago in setting up That Wine Place – a restaurant-bar and wine academy – at 261 Holland Avenue.

The very same address once housed Palm’s Wine Bar, one of the first restaurant-bars in Holland Village, which helped shape its vibrant drinking and dining culture in the 1980s.


A 1988 photo of Palm’s Wine Bar (right), one of the first restaurant-bars in Holland Village. It helped shape the enclave’s vibrant drinking and dining culture. The site is now home to That Wine Place.PHOTO: ST FILE
Opening That Wine Place was a blend of two passions – his wife’s nostalgic fondness for Holland Village and his love affair with wine bars.

“Holland Village used to be very chill,” Mr Lee recounts, sharing that his wife often lunched here during her PhD days at NUS.

Meanwhile, his regular business trips to Taiwan exposed him to the island’s buzzing wine bar culture, which inspired him with its warmth and charm.

However, what began as a promising venture has become increasingly difficult to sustain.

“Seriously, I also want to know why people are not coming to Holland Village,” Mr Lee says. The busiest times are typically the first and last weeks of each month. “Midweek is usually quiet, we don’t see many people, not even on the road,” he adds.

Mr Lee believes the slowdown is part of a broader shift across Singapore’s food and beverage (F&B) industry. “We see the closure of many dining places. For wine, in particular, people are no longer buying them in Singapore, they would prefer to do it overseas.”

At the same time, diners are spoilt for choice and rising inflation has made them more price-conscious.

It is little wonder, he adds, that some businesses are pulling out of Holland Village altogether or choosing to open second outlets closer to the city centre.


Mr Lee Joon Peng says opening That Wine Place was a blend of two passions – his wife’s nostalgic fondness for Holland Village and his own love affair with wine bars.ST PHOTO: JASON QUAH
“Most of our customers here are families or couples. At most, they will open one bottle, maybe two,” Mr Lee explains. “If I have an outlet in town, I could cater to business meetings and company events where we would sell more. Holland Village could do so much better if we manage to attract the office crowds from the nearby Star Vista area.”

Like other business owners, Mr Lee feels that the newer developments do not blend well with the character of the original Holland Village, and more importantly, that they lack a strong pull factor.

One Holland Village may attract pet owners as a casual hangout, with a few go-to spots like Surrey Hills Grocer or Fireplace by Bedrock, he says. But beyond that, people come and go, and the crowds do not spill over.

“I don’t see it’s a place that will bring more people in here... because there is nothing new and exciting to make them think, ‘Oh, I need to come back again.’”

That’s why he calls his business venture a bit of a gamble.

“It is a ‘hit or miss’,” he admits. “This place is not making a profit, but we are fortunate to have a reasonable landlord. I also believe F&B is the kind of business where you nurture and invest for the long run.”

One visitor who finds Holland Village worth discovering is Mr Maro, an Italian business consultant who has been visiting Singapore frequently since 2017.

While the area does not draw the kind of crowds he sees at Orchard Road, he believes that has not affected the quality of what is on offer.

“I still remember my first visit here – it was to 2am: dessertbar. The level of creativity and finesse in the desserts was something I had not seen elsewhere,” says the 57-year-old, who did not give his full name.


Lorong Mambong, home to a cluster of bars and restaurants. While Holland Village may not buzz with the same energy as Orchard Road, it has not affected the quality of what is on offer, says a regular visitor.ST PHOTO: TARYN NG
More recently, he dined at Le Bon Funk and was equally impressed by its curated wine list.

“I cannot speak about what Holland Village used to be, but there are some seriously high-calibre restaurants here – if you know, you know.”

Can Holland Village be revived?​

Mr Lee believes Holland Village still holds a lot of untapped potential.

One idea is to spruce up Holland Village Park just outside That Wine Place. Outdoor seating, for example, could make the space more inviting without obstructing foot traffic.

“I once spent an evening under those trees with my friends,” Mr Lee recalls. “The breeze, the vibe, everything just felt perfect – like the old Holland Village coming back all over.”

He adds: “If we have more places like that, where people could sit, relax and unwind in the space... it could create a brand-new reason for people to stay longer and keep coming back.”


Mr Lee hopes outdoor seating can be added to the communal space in front of his restaurant-bar.ST PHOTO: JASON QUAH
Some other tenants in Chip Bee Gardens told ST that they have been asking for a sheltered walkway linking the MRT station to the shops for a few years.

Instead, they were offered a piecemeal solution: the option of installing standardised clear shelters in front of each store. But the tenants worry these static structures will create new problems – collecting leaves, heating up under the sun and making outdoor seating uncomfortable.

Summing up the general frustration, Mr Hadley says: “If Holland Village is a brand, then right now, no one is managing it.”

Mr Lee adds that the lack of serious discussion about the area’s commercial direction is hurting businesses and customers alike.

As for Mr Quan, he believes the area needs better curation.

“Many of the stores here are service-based. If you were a tourist or a local from another neighbourhood, would you come all the way to visit a dentist, a pet shop, a pilates studio or a kitchen supply store? Probably not.”

But he acknowledges the other side of the coin.

“They have been here for 10, 20 years and their loyal customers keep them going. The question then becomes: Should Holland Village be a hub for services or a place for unique small local businesses?”

For the Ng brothers, the answer lies in embracing Singapore’s retail heritage.


Business owners believe there is a lack of serious discussion about the area’s commercial direction, and that if Holland Village is a brand, no one is managing it at the moment.ST PHOTO: TAYRN NG
“Some people don’t even realise we have been around for so long,” says Mr Kenneth Ng. “Others come in and tell us they are third-generation customers. That says a lot.”

He is committed to business growth, but says there is only so much he and his brother can do. He notes that even some popular home-grown names, like Charles & Keith and TWG, had to reinvent themselves to survive.

“They have gone international and polished up their image, but they don’t feel local any more,” he observes. “They are selling a lifestyle, an idea, rather than holding on to their original identity.

“It seems like this is the reality for local brands – you either pivot, sell the business or franchise, or you risk getting left behind.”

Ms Chan says the perception of local brands has changed over the past decade. More Singaporeans now embrace them for their thoughtful design and small-batch craftsmanship.

Ironically, this has led to fewer home-grown brands eyeing Holland Village.

“In the past, when there was little awareness of supporting local brands, it was hard for them to enter major shopping malls, so they turned to niche areas like Holland Village. Now, many malls open their doors to local brands, promising them better foot traffic and visibility,” she says.

“So, where do the local brands prefer to be – there or here?”

Still, some believe there is room for revival – and it may lie in collaboration.

Mr Hadley suggests establishing a merchant association to give business owners a platform to voice concerns, propose improvements and initiate partnerships with others in the neighbourhood.

Past efforts fell through due to disagreements between small businesses and franchise operators, which he believes could be resolved by a neutral body – likely a government body – with a clear mandate to represent all parties.

Mr Lee has already teamed up with nearby Wala Wala Cafe Bar to run cross-promotions: buy a specific wine at one venue, get perks at the other.

“These are the kinds of ideas that bring energy back to the village,” he says. “Business owners should be brainstorming together: What do people want and how can we offer it? These innovations will only make Holland Village more lively and exciting.”

At Bynd Artisan’s 10th anniversary party, Ms Chan had a poignant exchange with her mother, who asked why she was celebrating the closure of the Chip Bee Gardens outlet.

Her reply? “Because there is beauty in difficult moments.”

Ms Chan believes such times are exactly when resilient entrepreneurs shine – finding creativity in chaos and growth in challenge.

“Running a business involves more than sentiments. We may not always know how things will turn out, so this chaos – unexpected and demanding as it is – is something we have learnt to relish.”

nabeifuckpap said:

65% sinkie cunts who voted PAP must hum ka chan

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at this rate 90% except the really rich hum ka chan.

birdie69 said:

If the rental doesn't kill you, the high private property price, BTO flat price and resales flat price will kill you

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all in the name of higher GDP mah. c'mon get with the program and keep saporking Singapore highest GDP in the world!!

Of course inflation due to this chasing GDP gahmen just want you to ignore lah...

Low ses sinkies go Holland Village makan is going to abattoir get slaughtered ... that place is meant to slaughter and skin the rich elites and expats .... no need so many low ses around the streets to dirty their place ... they slaughter a few each day enough to cover everything and make good profit liao ....