Stanley Yeo, the owner of Wala Wala Cafe Bar, recently shared that he was contemplating calling it quits due to declining visitor numbers, a challenging labor market, and soaring operational costs that have pushed rent for the venue’s 1,700-square-foot ground floor up by 9% over the past two years to S$28,000 (US$21,700) per month. However, the tide turned as the community rallied in support of the beloved establishment.
By July, the bar saw a “significant increase” in foot traffic, reviving its fortunes. A heartwarming Instagram post last Tuesday revealed that Wala Wala’s landlord had “kindly offered revised terms that make it feasible” for the cafe bar to continue operating in Holland Village.
“We have been deeply moved by the overwhelming support from our community — customers, friends, suppliers, and neighbors alike,” the post announced. “Today, we are heartened to share that Wala Wala Cafe Bar will remain in Holland Village.”
Established in 1993, Wala Wala has been a cherished local gem, known for its hearty fare, draft beers, and lively weekend atmosphere. Once famous for hosting live music on its second floor — now closed since 2021 — the venue has since refocused on its food and beverage offerings, as noted by Bandwagon Asia.
The decision to keep Wala Wala open is a sigh of relief for Holland Village, an increasingly popular dining and shopping hotspot currently facing a wave of closures. In recent months, local businesses such as Thambi Magazine Store, Lim’s Holland Village furniture shop, party store Khiam Teck, and soft-serve ice cream haven Sunday Folks have all shut their doors, as outlined by Channel News Asia.
These closures highlight a troubling trend in Singapore’s food and beverage scene, where several beloved establishments are now bidding farewell. Two Michelin-starred restaurants — Euphoria and Alma by Juan Amador — closed this month, while well-known dessert spots Flourish Bakehouse and Fluff Bakery announced similar plans for September. Additionally, heritage eatery Ka-soh, noted for its Cantonese-style fish soup, will shut its last location later this month.
Questions & Answers
What factors led Stanley Yeo to consider closing Wala Wala Cafe Bar?
Yeo cited falling visitor numbers, a tough labor market, and a significant rise in operating costs as the primary reasons behind his contemplation of closure.
How has the local community reacted to Wala Wala’s potential closure?
The community showed overwhelming support, resulting in a notable increase in foot traffic, which ultimately encouraged the landlord to offer revised terms that allowed the cafe bar to continue operations.
What recent closures in Holland Village reflect a broader trend in Singapore’s F&B sector?
Recent closures include popular local spots like Thambi Magazine Store and Lim’s Holland Village, mirroring a concerning trend where several well-known dining establishments, including Michelin-starred restaurants, have also announced their shutdowns.
