“Rents everywhere are too crazy” – Flor Patisserie shutting Siglap outlet after 57% rent hike

If you love Japanese-style pastries and cakes, there’s a good chance you’re familiar with Flor Patisserie. Originally set up in 2010 by Chef Masataka Yamashita, the brand is now run by Heidi Tan, who trained under him and has experience from Le Cordon Bleu. In a recent Facebook post, Flor Patisserie announced the closure of their outlet at 42 Siglap Drive due to a large rent hike from their landlord.  

The post continues, “Honestly, is it really market rate or just property agents playing games? Our market got so good meh?”

Currently, rental at the Siglap Drive outlet is S$5,400. Upon renewal of the lease, the landlord raised it to S$8,500. Flor Patisserie also states that since setting up shop in 2013, their rent was S$4,000, and between 2013 to 2022, it was only increased by S$500 to S$4,500. When the space was acquired by a new landlord, he raised it to S$5,400. 

The Siglap Drive outlet’s last days of operation are expected to be at the end of June or early July. “Are we closing for good? We are not sure yet. Rents everywhere are too crazy,” wrote Flor Patisserie. “We definitely do not want to fund another investment property buyer’s outrageous mortgage loan.” The patisserie will also be using their last 2 months of operation to bring back old favourites, such as Earl Grey Choco, Paris Vert, and Mango Pie. 

Head down soon if you want a final taste before they close!

Love Confectionery: Old-school bakery with colourful buttercream cakes & $0.60 buns