Coffeeshop sold for US$40mil, in second such sale this year


This is the second coffeeshop to be sold around this price, after news earlier this week that a coffeeshop in Tampines was bought over for a record US$41.68mil (RM183mil). (The iconic Singapore Merlion - File Pic)

SINGAPORE: A coffeeshop in Yishun has changed hands for US$40mil (RM176mil), with a price per sq ft surpassing that of some ground level retail units in the prime Orchard Road shopping belt.

A firm called Y848 lodged a caveat with the Singapore Land Authority on May 10 for the 24-hour KPT Kopitiam located in Block 848 Yishun Street 81.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Singapore , coffeeshop , sold , record , Tampines , Yishun ,

   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read