It's closed and no longer in operation. Looks like all the restaurants run by Singapore Explorer in fairly remote environments did not work out and are also similarly shutdown. Besides Haw Par Villa, the ones at Labrador Park and at the Ferry terminal at Marina South Pier are all gone and no longer in business now.
While these restaurants were still open, the food was good and the service reasonable, but most of the time they were practically empty. Looks like the choice of location did not work out, and perhaps the plan of bringing tourist groups to these places and inclusive of visiting the restaurants in the Singapore Explorer buses did not make enough money for the company.
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