The mall did not go under any major renovations until mid 1997 during the Asian Financial Crisis, when it went under major retrofitting with a totally new look and the mall totally changed when it reopened in late 1998. As Yaohan went bankrupt in 1997, it saw the departure of the main store. The mall's tenants changed drastically with Liberty Market took over Yaohan in Basement 2. Liberty Market was shifted to Orchard Grand Court in 2001, and closed down in 4 June 2004.