Koufu in JEM Suddenly Closing Down by End of April, Surprising Many Stallholders

As many shoppers in the West might know, the Koufu Foodcourt in Jurong East’s JEM has always been a mainstay in the mall ever since it opened its doors for business nine years ago.

It has solidly occupied the majority of the space of the fifth floor in JEM, next to Cathy Cinema and a few smaller eateries.

However, Koufu just announced that its food court will be closing down at the end of April, thus ending its nine-year-long existence in JEM.

The Negotiation That Fell Through

When Shin Min Daily News interviewed Koufu Group, the Food & Beverage company told the Chinese reporters that they had begun re-negotiating their contract with JEM since August of last year, in hopes that they could protect the stallholders’ businesses during these difficult times, but both parties didn’t manage to reach an agreement in the end.

Koufu claimed that it had already informed all of its stall vendors about the imminent expiry of the lease, while making offers for them to shift their stalls to one of its other food courts across the island.

Some of the older stall vendors who have more inside details revealed that Koufu and JEM have been working in partnership for the past nine years, and the lease contract between both parties must be renewed once every three years.

More at https://shrtco.de/pQsocC (scroll down to read)