Night clubs in Singapore IMO suck. Nonetheless, the (temporary - see below) closure of this night club does little to support your position.
Most businesses (Anywhere) fail in the first couple of years and judging from the comments on the page you linked to, the closure of this place comes as no surprise.
Plus, it is not clear the business has closed for good. Taken from the full
article:
"We would like to clarify that the night club Avalon, located in the crystal pavilion at The Shoppes at Marina Bay Sands, will be closing for renovations soon and will reopen its doors at a later stage."
She did not say if the club will retain the Avalon brand name when it relaunches.
And why would a place close if, as you say below, they were packed every night? If the product is priced appropriately you would expect the business to cover its costs and turn a profit, no?
There are still plenty of night clubs that have operated for ages going strong in Singapore.
Retail shops/malls are going up like wildfire in Singapore and most of these places are jam-packed. It is hard to say if the high foot traffic means high sales, but judging from the percent of the economy that comes from retail, they seem to be doing very well.
I always found it funny when telling Singaporeans that I had just come back from a vacation, because almost always their first questions were: 1) How was the food and 2) How was the shopping? Says a lot about Singapore
Celebrity nightclub brand Avalon closes after two years
Even Avalon which was always packed with people closes down after two years.