wtf, yislum coffee shop changed hands for 40m!!!!! - Printable Version
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+--- Thread: wtf, yislum coffee shop changed hands for 40m!!!!! (/Thread-wtf-yislum-coffee-shop-changed-hands-for-40m)
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wtf, yislum coffee shop changed hands for 40m!!!!! - pinkypanther - 18-06-2022
Another coffeeshop has changed hands at an eyebrow-raising price two days after reports of a Tampines coffeeshop being sold for a record S$41.6 million emerged.
This time around, the spotlight is on the one located at Block 848 Yishun Street 81, which changed hands at S$40 million.
Higher per square foot price than the Tampines coffeeshop
8worldreported that the 397sqm (4273.27sqft) coffeeshop was sold at a higher per square foot (psf) price than the one in Tampines.
The Tampines coffeeshop spans 604sqm, which means the new owner paid S$6,964 psf. In comparison, the Yishun coffeeshop's psf price is S$9,361.
According to the Singapore Land Authority (SLA), the coffeeshop has 78 years left on its lease.\
More at https://shrtco.de/6Vaef
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - grotesqueness - 18-06-2022
food price..................
![[Image: kgeocqt.gif]](https://i.imgur.com/kgeocqt.gif)
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - jus4lucky - 18-06-2022
see which fool stall owner will rent. and see which fool patron pay for their food.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - cheekopekman - 18-06-2022
(18-06-2022, 01:53 AM)pinkypanther Wrote:
Another coffeeshop has changed hands at an eyebrow-raising price two days after reports of a Tampines coffeeshop being sold for a record S$41.6 million emerged.
This time around, the spotlight is on the one located at Block 848 Yishun Street 81, which changed hands at S$40 million.
Higher per square foot price than the Tampines coffeeshop
8worldreported that the 397sqm (4273.27sqft) coffeeshop was sold at a higher per square foot (psf) price than the one in Tampines.
The Tampines coffeeshop spans 604sqm, which means the new owner paid S$6,964 psf. In comparison, the Yishun coffeeshop's psf price is S$9,361.
According to the Singapore Land Authority (SLA), the coffeeshop has 78 years left on its lease.\
More at https://shrtco.de/6Vaef
So many rich people in Singapore meh? I can't afford leh!
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Wy:Nox - 18-06-2022
This is Khatib Central and next to NTUC. The food price must increase by 80% to slaughter the residents.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Bigiron - 18-06-2022
Seller huat har
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - FangFang - 18-06-2022
Monthly rental is dame high in coffeeshop,, this reture to owner as sometime no customer also... feed also become worst.. how to survive..
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Ola - 18-06-2022
Better eat at home everyday
Those working in that area and must have lunch
please change your job
instead of feeding the new owner fat
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Ernesto - 18-06-2022
Where are the governing body gone to? Allowing speculation property to cause hardship to its citizens for their essential daily food to live? All this need to be stopped!
Dun be like another "Stop at Two" policy causing the country to lose many potential local breed Singaporean.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Sharexchange - 18-06-2022
Buyer likely same seller of tampines coffeeshop. Switch location.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Bigiron - 18-06-2022
Jin rich where he get his money from? Money laundry?🤔🤔
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - cheekopekman - 18-06-2022
(18-06-2022, 08:39 AM)Bigiron Wrote: Seller huat har
(18-06-2022, 09:58 AM)Sharexchange Wrote: Buyer likely same seller of tampines coffeeshop. Switch location.
New normal liao lah! Buy very expensive then rent out very expensive to sell very expensive lah! I must start saving money liao lah!
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Rubitin - 18-06-2022
This is the big one.
https://www.commercialguru.com.sg/listing/23932111/for-sale-848-yishun-street-81
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Huliwang - 18-06-2022
Looks like syndicated operation. ....
A sells his shop to B at astronomical price.
B gets a bank loan to pay. B then rents out to stall holders C at astronomical price.
C then sells his food to consumers D at astronomical price.
A and B are actually together sharing the loot. They are syndicate members squeezing blood money from consumer D through the stall renter C. (However D has a choice of not buying).........
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - cheekopekman - 18-06-2022
(18-06-2022, 10:35 AM)Huliwang Wrote: Looks like syndicated operation. ....
A sells his shop to B at astronomical price.
B gets a bank loan to pay. B then rents out to stall holders C at astronomical price.
C then sells his food to consumers D at astronomical price.
A and B are actually together sharing the loot. They are syndicate members squeezing blood money from consumer D through the stall renter C. (However D has a choice of not buying).........
Trending lah! How much you want to sell your flat leh? I buy then rent out very expensive lah!
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Sentinel - 18-06-2022
Vote them out
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Huliwang - 18-06-2022
(18-06-2022, 10:38 AM)cheekopekman Wrote: Trending lah! How much you want to sell your flat leh? I buy then rent out very expensive lah!
If trending PAP better step in an untrend it before the consumers run amok. If syndicated operation the polie better step in. This lawless trending must be stopped.............
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - cheekopekman - 18-06-2022
(18-06-2022, 10:44 AM)Huliwang Wrote: If trending PAP better step in an untrend it before the consumers run amok. If syndicated operation the polie better step in..............
They are not called ChengHooLang AhLong for no reason lah! Tai Lang Pang Hei Sio Chu lah!
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - theold - 18-06-2022
Which coffee shop is the next? Govt. can create more coffee shops to sell.
Definitely, there is something wrong with the valuations. Which goondo bank is lending the money?
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - cheekopekman - 18-06-2022
(18-06-2022, 10:56 AM)theold Wrote: Which coffee shop is the next? Govt. can create more coffee shops to sell.
Definitely, there is something wrong with the valuations. Which goondo bank is lending the money?
Coffeeshops are usually under HDB blocks or nearby, right? HDB can benefit from that Golden Goose Egg leh! When you want to buy HDB flat, you must be ready to cough out more money lah! Very expensive leh! The money goes back to who leh?
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Fit - 18-06-2022
I see all these takeovers at record prices and stall rent doubled as a very unhealthy trend. This will evolve in a few well loaded people controlling the f n b industries and the eventual sufferers are the consumers.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - grotesqueness - 18-06-2022
(18-06-2022, 11:04 AM)Fit Wrote: I see all these takeovers at record prices and stall rent doubled as a very unhealthy trend. This will evolve in a few well loaded people controlling the f n b industries and the eventual sufferers are the consumers.
PAP nation wide ponzi scheme
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Ola - 18-06-2022
(18-06-2022, 11:00 AM)cheekopekman Wrote: Coffeeshops are usually under HDB blocks or nearby, right? HDB can benefit from that Golden Goose Egg leh! When you want to buy HDB flat, you must be ready to cough out more money lah! Very expensive leh! The money goes back to who leh?
Heng Arh!
I don't live at Tampines Blk 201 nor Yishin 848
Which forumer so suay?
Please own- up now
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - [[ForeverAlone]] - 18-06-2022
(18-06-2022, 10:35 AM)Huliwang Wrote: Looks like syndicated operation. ....
A sells his shop to B at astronomical price.
B gets a bank loan to pay. B then rents out to stall holders C at astronomical price.
C then sells his food to consumers D at astronomical price.
A and B are actually together sharing the loot. They are syndicate members squeezing blood money from consumer D through the stall renter C. (However D has a choice of not buying).........
End of the day is YOU and ME , Consumers CAN CHOOSE.
UNLESS Suck thumb there is ONLY just one coffeeshop there serving the community OR you can just take feeder bus go nearby around your neighbourhood eat from other coffeeshop or walk there as " exercise " treat it your morning stroll walk than eat breakfast at other cheaper coffeeshop.
I not sure behind these landlord. Surely they have to increase rental to earn back from those hawkers rent their stall.
than Hawkers pass the cost to consumers " IF " They still want to stay renew contract.
So What " if " this coffeeshop all hawkers don't want to renew so how landlord find new hawker?
Another " Dumb " hawker will come to rent it so high than nearby coffeeshop? How he/she going to profit ? One bowl sell 10 dollars ?
UNLESS ALL COFFEESHOPS IN SG ARE LIKE THIS which is impossible. Surely some landlord don't want to sell to another owner as their location is good want to do continue do pass down to their generation.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - [[ForeverAlone]] - 18-06-2022
(18-06-2022, 11:04 AM)Fit Wrote: I see all these takeovers at record prices and stall rent doubled as a very unhealthy trend. This will evolve in a few well loaded people controlling the f n b industries and the eventual sufferers are the consumers.
Since like there is " trend "
After Property now back to retail rental but this time is Coffeeshop
Office rental also not say good since companies into WFH no need a big office. Save rental cost and resources.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Ken - 18-06-2022
Hope gov do something by allowing nearby shops to convert to small eating house.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - [[ForeverAlone]] - 18-06-2022
(18-06-2022, 11:55 AM)Ken Wrote: Hope gov do something by allowing nearby shops to convert to small eating house.
WAIT LONG LONG,
The Current Govt is WAIT FOR THINGS HAPPEN Than Action see how to work out.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Ken - 18-06-2022
They done it before at Geylang Bahru, but is just beside and too near hawker centre, cannot works. They should do it on those sky high coffee shop places to kill off those unscrupulous behavior by big group.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Lukongsimi - 18-06-2022
This will causes food prices to increase n consumers not happy
Should have a capped selling price.
RE: wtf, yislum coffee shop changed hands for 40m!!!!! - Huliwang - 18-06-2022
Although consumers have a choice, ultimately the gov has a responsibility to checkmate the greedy coffee shop owners in driving food prices artificially upward to feed their pockets at the expense of consumers.
What gov can do is to build hawker centers nearby these greedy coffee shops so that consumers have other sources to buy their cai png at reasonable prices. I noticed in many places hawker centers are very scarce leaving consumers with not much avenues to buy cheaper food except from these greedy coffee shops.
I tell you PAP better do something quick before the price of cooked food spiral out of control caused by a few greedy mother c-bai coffee shop owners. Of course a few smart azz guys will say people have a choice but end of the day sheep are sheep and will be slaughtered. Gov is elected by these sheep to protect them.......