Some financial help is streaming in to subsidise costs for the horses, but observers said it is not enough to deter owners from leaving.
SINGAPORE: Some horses at the Singapore Turf Club will be moved out as early as August, with owners and trainers saying it is too expensive to stay until the final race in October next year.
Horses need to go through quarantine, vaccinations and export certification, on top of transport expenses. The Singapore Turf Club will hold its last race on Oct 5, 2024, and close its facility by March 2027. The Selangor Turf Club in Kuala Lumpur has 880 stable boxes with about 85 per cent occupancy. It said it has the capacity to build another 200 if there is demand.
“We have enjoyed a nice and steady pipeline of horses to buy from Singapore. Singapore has a higher standard of racing, so the horses are of good quality and can be quite competitive,” said Mr Chew.He added that more than 10 per cent of total turnover in Malaysia’s horse racing sector comes from Singapore’s races.
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