logo
Holland Village stalwarts Wala Wala, Crystal Jade La Mian Xiao Long Bao to shut; Wine RVLT relocates

Holland Village stalwarts Wala Wala, Crystal Jade La Mian Xiao Long Bao to shut; Wine RVLT relocates

Straits Times3 days ago

Wala Wala Cafe Bar may end its 32-year run before its lease is up by the end of 2025. PHOTO: WALA WALA CAFE BAR
SINGAPORE – Two Holland Village establishments look set to bow out of the foodie cluster in 2025. The Straits Times recently reported that the area is losing its mojo, with foot traffic dwindling and businesses closing.
Crystal Jade La Mian Xiao Long Bao will shut after 20 years on June 30, while nightspot Wala Wala Cafe Bar may end its 32-year run before its lease is up at the end of 2025.
Citing waning footfall in the area, rising operating costs and a challenging labour market as reasons for the closure, Wala Wala's owner Stanley Yeo told The Business Times in a June 12 article that he is looking for a new tenant to take over the space.
In a statement to ST, a spokesman for the Crystal Jade Group confirmed that the restaurant's lease in Holland Village is up and added that the group is 'evaluating opportunities for new outlets in other areas of Singapore'.
The group still runs its Crystal Jade Hong Kong Kitchen at the One Holland Village mall, and has other Crystal Jade La Mian Xiao Long Bao outlets at i12 Katong, Bugis Junction and Hillion Mall.
Over in Hongkong Street, modern Spanish restaurant FOC announced in an Instagram post on June 12 that it will shut in August, after 11 years. Its other outlet is at Sentosa's Tanjong Beach.
These add to other recent closures, including another Holland Village restaurant, Sens Dining, which shut in April; and ramen chain Kanada-Ya at Jem, Marina Square and Paya Lebar Quarter.
In May, souffle pancake chain Fluff Stack closed its outlets, while Japanese ramen specialist Hokkaido Ramen Santouka exited Singapore after 17 years at Clarke Quay Central mall.
Upmarket restaurants were not spared either in the challenging food and beverage scene. Modern European restaurants Imbue in Keong Saik Road and the one-Michelin-starred Poise in Teck Lim Road have also closed in recent months.
Others are starting new chapters in different locations.
Choon Hoy Parlor, which shut in Beach Road on April 14, soft-launched on June 8 with a bigger 64-seat, double-storey space at the Arcade @ The Capitol Kempinski, next to its sister concept The Masses. Choon Hoy Parlor continues to offer its style of Singapore soul food at affordable prices.
Over in Robertson Quay, some former tenants at the mixed development Robertson Walk – which has shut for its redevelopment into a luxury residential enclave with dining and entertainment choices – are also gearing up to open in new venues in July.
Home-grown Thai restaurant Fi Woodfire Thai will reopen at Shaw Centre, while decade-old burger restaurant Wildfire Burgers moves to UE Square and will be relaunched as Wild/Fire.
Wine bar Wine RVLT - which had already announced in 2024 that it would not renew its lease in 2025 - will go out with a bang. It will wrap up a slew of events leading up to the final day on July 12 with a 'Finish Finish Liao Party'.
Wine bar Wine RVLT will shut in Carpenter Street on July 12.
PHOTO: ST FILE
And while this eight-year run in Carpenter Street will conclude, a new location is already in the works for what will be called Revolution Wine Bistro - slated to open in Henderson Road on July 18.
Eunice Quek is STFood online editor at The Straits Times. She covers all things trending in the food and beverage scene.
Check out ST's Food Guide for the latest foodie recommendations in Singapore.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Latin America a potential next market for startups in South-east Asia
Latin America a potential next market for startups in South-east Asia

Business Times

time32 minutes ago

  • Business Times

Latin America a potential next market for startups in South-east Asia

[SINGAPORE] Startups in South-east Asia looking for new markets to expand to could find opportunities halfway around the world in Latin America (Latam), market players say. That is because the regions share similarities in demographics, growth potential and regulatory support. Latam's median age is 30.9 years old, similar to South-east Asia's 30.4 years, a report by venture capital firms Saison Capital and Valor Capital showed. This is an important metric, said Looi Qin En, a partner at Saison Capital, which is the corporate venture arm of Japanese financial services provider Credit Saison. 'Thirty years old is not just a young population – it is a young population that is actually employed and has growing disposable incomes,' Looi told The Business Times. Latam also has a growing middle class which is spending more on goods and services, driving demand for everything from housing to technology. Brazil, for instance, has had its spending increase 5.2 times to US$1.6 trillion from US$303 billion, the Saison and Valor report indicated. Besides demographics, both Latam and South-east Asia have strong regulatory support for financial services, smoothing the way for innovation in the sector. For example, there are instant payment systems such as Fast and Secure Transfers in Singapore, PromptPay in Thailand, and Pix in Brazil. Some South-east Asian startups, including data analytics platform Credolab and financial software provider Moneythor, have also noticed the potential and set up shop in Latam. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Indonesia and Brazil Indonesia and Brazil are the largest economies in South-east Asia and Latam, respectively, and these markets are where the biggest potential lies. They also have the largest populations in their respective regions, with Brazil's 2024 gross domestic product standing at US$2 trillion and Indonesia's at US$1.4 trillion. The average daily time spent online was 553 minutes in Brazil and 462 minutes in Indonesia, based on Saison and Valor's report. Looi noted that despite 'all this innovation', there are still several gaps – 'and a lot of the gaps are the same'. The lack of access to credit, for example, is an issue in both Indonesia and Brazil, priming fintech for growth in these regions. In particular, micro, small and medium enterprises (MSMEs) as well as retail customers face difficulties with these countries' credit rating systems. 'Essentially, what that creates is a huge opportunity to go in and solve the same problems using a lot of the same products,' said Looi. However, South-east Asia and Latam are typically not viewed as potential expansion markets for each other, possibly due to an absence of direct flights between the two regions. Still, Saison Capital recognised their similarities, leading the firm to open offices in Brazil and Mexico. Besides hiring local teams, it has set aside US$100 million for investments in each market. Like South-east Asia, Latam is also diverse. For example, while Spanish is the official language in most Latam countries, it is Portuguese in Brazil, and each market also has its nuances. Understanding these differences and thinking regional is essential for startups to find success there, said Bruno Batavia, principal at Valor Capital. 'In terms of addressable markets, they already have to think about regional strategy in Latam – starting, for instance, in Columbia, then Peru, then Argentina. They already have to start their business in different countries,' he said. Both Saison and Valor hope to facilitate more conversations and understanding between the South-east Asian and Latam markets. In particular, Saison Capital 'can act as the bridge... because we are committed to each market in the sense that we are not just tourists – we don't just have a small branch office and two people there', said Looi. As for Latam startups crossing over to South-east Asia, Batavia notes that this is already happening organically, rather than venture capital firms like Valor pushing their portfolio companies to make the leap. Brazilian digital bank Nubank, for instance, last year invested US$150 million into Tyme, leading the latter's Series D funding round, which raised US$250 million. Tyme is a digital bank which operates in the Philippines via kiosks rather than branches to serve its target customers. Its regional expansion plans include offering credit products to MSMEs in Vietnam, and acquiring a bank to start operations in Indonesia. 'Maybe the next frontier could be South-east Asia, because there's a lot of opportunities and similarities,' said Batavia.

German chancellor urges G7 to show unity in tackling Israel-Iran conflict
German chancellor urges G7 to show unity in tackling Israel-Iran conflict

Straits Times

time10 hours ago

  • Straits Times

German chancellor urges G7 to show unity in tackling Israel-Iran conflict

German Chancellor Friedrich Merz gives a statement to the media before boarding a German airforce aircraft on his way to the upcoming G7 summit in Canada, at Berlin-Brandenburg Airport, in Berlin, Germany, June 15, 2025. REUTERS/Fabrizio Bensch German Chancellor Friedrich Merz walks with his wife Charlotte to board a German Air Force aircraft, for the upcoming G7 summit in Canada, at Berlin-Brandenburg Airport, in Berlin, Germany, June 15, 2025. REUTERS/Fabrizio Bensch BERLIN - German Chancellor Friedrich Merz said on Sunday he hoped agreement could be reached on four points at an upcoming Group of Seven (G7) summit in pursuit of a resolution to the conflict between Israel and Iran. Speaking as he prepared to fly to Canada for the meeting, Merz said he expected the Middle East conflict to be high on the agenda and that he hoped the G7 could demonstrate unity. The four points were: that Iran cannot develop or posses nuclear weapons; that Israel has the right to defend itself against existential threats, which he said Iran's nuclear programme represented; thirdly, the conflict should not escalate; and fourthly that scope for diplomacy must be created. "I would like to add that in Germany we are also getting ready in case Iran should target Israeli or Jewish targets in Germany," Merz told reporters, without going into more detail. Merz said the war in Ukraine would also be discussed by the G7 and that more pressure needs to be put on Russia to bring it to the negotiating table. To that end, European leaders wanted to agree new sanctions on Moscow at the end of this month, he said. Merz said economic issues would also be on the agenda and said efforts would be directed towards reaching an agreement over tariffs following the Trump administration's decision to impose them on its key trade partners earlier this year. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

India Prime Minister Modi visits Cyprus to advance trade corridor plans
India Prime Minister Modi visits Cyprus to advance trade corridor plans

Straits Times

time11 hours ago

  • Straits Times

India Prime Minister Modi visits Cyprus to advance trade corridor plans

FILE PHOTO: India's Prime Minister Narendra Modi attends the ceremonial recption of Angola's President Joao Manuel Goncalves Lourenco at the Rashtrapati Bhavan presidential palace in New Delhi, India, May 3, 2025. REUTERS/Stringer/File Photo NICOSIA - Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday in a visit focused on the potential role the island could play in linking India to Europe via a trade corridor, officials said. Modi, who was on his way to a summit of the G7 group of nations in Canada, and Cypriot President Nikos Christodoulides were scheduled to address business leaders on Sunday and hold formal talks on Monday. India is pursuing the so-called India-Middle East-Europe Corridor (IMEC) trade link by sea and rail, but the visit is being held in the shadow of a rapidly escalating crisis in the Middle East. "One of the objectives of our discussions is the connection of India with Europe through the region of the wider Middle East, (and) its entry into Europe through the Republic of Cyprus," Christodoulides told journalists earlier Sunday. The two-day visit is part of a broader diplomatic outreach to European nations. Cyprus assumes the rotating EU presidency for six months in early 2026. The two countries have close relations through their shared membership of the Commonwealth. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store