SINGAPORE – Trapeze Rec Club, one of the earlier entrants to Singapore\u2019s growing wellness industry, will shut after five years.<\/p>\n
In a statement posted on Instagram on March 3, owner Grant Wee said that the club\u2019s upcoming lease renewal prompted the team to take \u201ca hard look\u201d at its future.<\/p>\n
\u201cWith rising costs, it was not going to be sustainable to continue at our current location,\u201d he added.<\/p>\n
Mr Wee is the youngest of UOB chief executive Wee Ee Cheong\u2019s children.<\/p>\n
The boutique holistic wellness club\u2019s last day of operations is on March 22, with personal training sessions to run until then.<\/p>\n
Trapeze Rec Club occupies four storeys of a shophouse in Tanjong Pagar, spanning 8,000 sq ft. It houses facilities such as a martial arts gym, yoga studio, gymnasium and cafe.<\/p>\n
In the post, Mr Grant Wee thanked Trapeze Rec Club\u2019s coaches for staying by the club\u2019s side despite \u201cmany difficult conversations and uncertainties\u201d, and for exploring \u201cevery possible way\u201d to keep the business going. <\/p>\n
\u201cIn the end, however, even the best options still weren\u2019t viable. The decision ultimately rested on me to make the tough call not to move forward,\u201d he said.<\/p>\n
He noted that the club\u2019s first priority has been reaching out individually to members and processing their refunds, as well as supporting its coaches.<\/p>\n
He said the club will be in touch with its suppliers, vendors and partners.<\/p>\n Mr Grant Wee is the founder and managing partner of The Trapeze Group, which also owns massage and bathhouse Hideaway in New Bahru.\u00a0<\/p>\n PHOTO: SPH<\/p>\n<\/figcaption><\/figure>\n Mr Grant Wee is the founder and managing partner of wellness-focused lifestyle company The Trapeze Group, which also owns massage and bathhouse Hideaway in New Bahru.<\/p>\n Established in 2021, Trapeze Rec Club was among the earlier players in Singapore\u2019s wellness market, which has grown rapidly in recent years.<\/p>\n The club offered a range of fitness and martial arts classes, on top of recovery and physiotherapy services such as cold plunges and an infrared sauna. It was also known for its strong community culture that promoted social interactions among members. THE BUSINESS TIMES<\/p>\n<\/div>\n<\/picture><\/div>