A lot of people are feeling the slowdown, whether or not they admit it. I just want to end on a high, and not ride it out. The club will close its doors on June 3 after a final bash on June 1 and a private party on June 2. At Sugar's peak, he reveals, weekends brought in five-figure sums, though he declined to give specifics. There have been changes in drinking habits.
People are just more careful now.
My friends in the financial sector also say things are not going to get better soon. The fiasco involving Sugar's failed sale last year also had an impact on the business. In early October, Mr Sng had announced that he was selling the club and its premises to Mr Peter Teo, an investor and dealer in high end hi-fi equipment who owns an events management company, Legend Events. There were rumours that Mr Teo was going to change Sugar's concept after taking over. The deal fell through shortly after.