{
  "id": 15558289,
  "title": "Singapore's 17-year-old yoga studio to shutter next March",
  "url": "https://urgent.news/2026/10/19/singapores-17-year-old-yoga-studio-to-shutter-next-march",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T04:25:21.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/companies/singapore-s-17-year-old-yoga-studio-to-shutter-next-march-5134130.html"
  },
  "original_language": "en",
  "account": "Singapore's 17-year-old yoga studio, Hom, is set to close its doors next March, according to an Instagram post from the business. The studio's final location at the Valley Point Shopping Centre will cease operations on March 21, 2027, just before the mall's redevelopment begins at the end of the month. Customers with existing memberships can continue attending classes until the mall's last day of operation. Those wishing to cancel their memberships early must notify the studio via email at least seven days before their next billing cycle. The studio has another location at Orchard Central, but that outlet will also close on November 15 as part of mall renovations. Hom Yoga was launched by Malvina Kang in 2009 and has since expanded throughout Singapore and Australia. It was named one of Singapore's top 18 yoga studios in 2023 by MoneySmart Singapore, and featured in lifestyle magazines Miss Lobang and Grazia Singapore. The studio's co-owners took over from the founder in October 2024. The studio's exit comes amid a wave of abrupt closures in Singapore's fitness and wellness industry, including Yoga Inc. and True Fitness in September. Yoga Inc.'s closure left over 30 instructors owed wages and customers unable to obtain refunds. True Fitness and True Yoga were placed into creditors' voluntary liquidation, with liquidators receiving claims from around 3,300 creditors following the fitness chain closures. The Consumers Association of Singapore reported that consumer losses from prepaid packages following fitness business closures reached nearly S$6.7 million (US$5.24 million) in the first nine months of 2026, a 147% increase from S$2.7 million in all of 2025.",
  "summary": "Hom Yoga, a popular wellness studio founded in 2009 in Singapore, will close its doors permanently after its last outlet closes in March 2027.",
  "key_points": [
    "Hom Yoga, a 17-year-old Singapore studio, to close March 21, 2027",
    "Final location at Valley Point Shopping Centre shuts down before mall redevelopment",
    "Other locations at Orchard Central and new co-owner since October 2024"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}