Singapore | Tokyo | A Singapore private club known for catering to wealthy Chinese clients has shut down as ultra-rich residents of the Asian financial hub increasingly opt for discretion over conspicuous displays of wealth.
Circle 33, located inside a former colonial residence on Scotts Road in the swish suburb of Orchard, has closed its doors after failing to renew its lease last year, according to three people familiar with the wine club’s situation.
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Financial Times
Mercedes Ruehl writes on real estate specialising in sales, leasing and residential properties. Connect with Mercedes on Twitter.
