Overview
- Jumbo confirmed it will vacate its flagship East Coast Seafood Centre premises when the lease ends on Sept 30, 2026.
- The National Parks Board has told tenants to leave in 2026 as it studies a redevelopment of the centre aligned with longer-term East Coast Park plans and has offered flexible lease arrangements to ease transitions.
- The East Coast outlet made about 14% of Jumbo Group’s revenue in the year to Sept 30, 2025, and the company says the closure will not materially affect earnings for the year ending Sept 30, 2026 but will likely reduce revenue in FY2027.
- Jumbo reported H1 revenue growth of 7.9% to S$105.1 million and a 22.3% drop in net profit, and it plans to offset the East Coast loss by relying on newer outlets such as Sentosa and Tai Seng while exploring new site options.
- The 1987-opened restaurant ends nearly four decades at the park, a change that will reshape East Coast Park’s dining mix and force other operators and regular visitors to adjust as redevelopment details are finalised.