After opening to much fanfare in November 2012, 1 Market, the halal buffet restaurant located at Plaza Singapura, has closed. 

1 Market, which plays on the name of its co-owner Malaysia's Chef Wan, could house around 500 diners at a time and served Southeast Asian cuisine made with his recipes.

It was a collaboration with Food Junction Holdings, which owns a chain of food courts and the Medzs restaurant at Orchard Central. 

1market closed down

Speaking to The New Paper, Food Junction general manager Jeffrey Lim said the restaurant was closed as business had slowed.

"Due to higher operating expenses, we have been unable to sustain the business," said Mr Lim. 

BERITAMediacorp, who got on the phone with Chef Wan when news broke, said the 59-year-old had found the overall management of the restaurant to be increasingly unsatisfactory. 

Among the problems he cited were food quality and recipes that were inconsistent with his recommendations, as well as food wastage and the size of the premises, both of which contributed significantly to the high operating cost. 

1 Market's final day of operations was Jun 26, according to an announcement on its website.