True Fitness, True Yoga to close in Singapore citing competition, rising costs

True Fitness and True Yoga outlets across Singapore were closed on Friday (Sep 11), with notices of closures or forfeited tenancies outside outlets. The abrupt closure caught members by surprise, with several turning up at outlets to confirm the news. The businesses' Hong Kong parent company said the gyms are set to wind up, citing "fierce" market competition and rising costs in attracting customers. The Consumers Association of Singapore (CASE) said it has received 28 complaints as of Friday from members affected by the closure, with reported losses of more than S$63,000 in unutilised memberships, packages and services. #sgnews #singapore #truefitness #trueyoga Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia