yes it is a house. been there a couple of times already. you can only pay in cash. also, these are old stocks that didn't get sold in their stores here (shang and glorietta). the clothes are around 50-70% off from their original price tho. it's been closed for a while as the house/warehouse is being renovated. tho you can call if you want to go. i know i have the number somewhere.
ps. actually if they know you already or the sales persons from their stores (paul smith and ben sherman) can vouch for you, you can actually pay in cheque.
hope the above helps.
How much are the PS wallets there?