[pinkypanther]

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.\

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