Punching above their weight: Boutique gyms finding their niche in the face of competition, rising costs
Opening a competitive commercial gym will set potential owners back at least S$750,000 – a figure that’s been increasing
Opening a commercial gym in Singapore can cost at least S$750,000, a figure that has been on the rise. Li Kun Rong, a 31-year-old founder and CEO of Storm Athletic Club, launched his gym four years ago with less than S$70,000. The investment was insufficient to purchase adequate equipment or cover the gym's flooring with training mats. Currently, the gym has around 100 active members. The Sentosa Cove property market is facing losses, with an average loss of more than S$1 million since 2023.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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