Kangadrool Supersonic June 17, 2015 Share June 17, 2015 yeah, there's a point when people start to bring your own food to work and start cooking at home. Willing landlord, willing food staller owners. Willing seller, willing buyer. Nothing is impossible. Well, I saw coffee shop with staller owners leaving one by one and left behind empty stalls behind, and the people visiting the coffee shop start to get lesser. Morale of the story, there is a limit to one can tolerate high rental and high food price. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Latio2005A Turbocharged June 17, 2015 Share June 17, 2015 wah ... jin ja good life ... nothing more i could ask for ... hehe Life is Ok ok la. Healthy and with a lovely family. What else to ask for? What i mean was not fish, meat and chicken all at one meal. Rather i mean is one of these dishes per meal. Link to post Share on other sites More sharing options...
Watwheels Supersonic June 17, 2015 Share June 17, 2015 sorry, if this has posted elsewhere: will this cause future kopi shop buy over to cost more? will it mean, eating at the humble heartlands kopi shop become more expensive? what is the real maths. maybe the buy over is not that expensive? http://www.tnp.sg/news/31m-makes-coffee-shop-most-expensive-sold-spore A new record has been set for the transacted price of a coffee shop in Singapore. The Yong Xing Coffee Shop in Block 155, Bukit Batok Street 11 was sold for a staggering $31 million, making it the most expensive coffee shop to be sold in an HDB estate. The previous record was held by Coffee Express 2000, a nondescript coffee shop in Block 682, Hougang Avenue 4, that was sold for $23.88 million in 2013. Chinese evening daily Lianhe Wanbao reported that the Bukit Batok transaction was finalised last month. 4,521 SQ FT The 4,521 sq ft coffee shop, which is about the size of three executive HDB flats, was sold to a new company, EH 155. Yong Xing's previous owner had reportedly bought the place for about $3.38 million nearly 20 years ago. According to the newspaper, the selling price is also significant as it indicates the sum of the block number and the new company's name, 155+155, with a few more zeros thrown in. And in Cantonese 3,100 - the same figure without four of those zeros -sounds like "business (comes) continuously". One of the reasons the coffee shop could have been so attractive, property experts told Wanbao, is that there is no hawker centre in the area. Some tenants said the rent has been doubled since the handover, to $6,500 a month. Some of the stallholders have increased the price of their food, while some have been staying open for an extra two hours each day. This is crazy. I wonder how they can sustain the business. Link to post Share on other sites More sharing options...
Mustank Hypersonic June 17, 2015 Share June 17, 2015 This is crazy. I wonder how they can sustain the business. $5 chai png $8 fish soup $1.50 kopi Huat ah!!!! govt earn on land sale coffeeshop boss earn rental, earn drink revenue, earn capital gain sell coffeeshop !@#@%$#^&^% consumers: self explainatory hawker: squeezed by rent and consumers 2 Link to post Share on other sites More sharing options...
Jman888 Moderator June 17, 2015 Share June 17, 2015 Willing landlord, willing food staller owners. Willing seller, willing buyer. Nothing is impossible. Well, I saw coffee shop with staller owners leaving one by one and left behind empty stalls behind, and the people visiting the coffee shop start to get lesser. Morale of the story, there is a limit to one can tolerate high rental and high food price. yup saw many coffee shop business is getting bad to worse, if the owner continue to increase rental to the point where even profitable good business store will leave, end up the coffee shop has no more good food to attract customer and the rest of the shops suffer. Link to post Share on other sites More sharing options...
Mustank Hypersonic June 17, 2015 Share June 17, 2015 yup saw many coffee shop business is getting bad to worse, if the owner continue to increase rental to the point where even profitable good business store will leave, end up the coffee shop has no more good food to attract customer and the rest of the shops suffer. how to suffer when it is a geopraphical monopoly? those chaps with one coffeeshop and no hawker centre nearby dont have a choice why? because the pap govt didnt build any hawker centre after how many years? but sold how many coffeeshop land? Link to post Share on other sites More sharing options...
Kusje Supersonic June 17, 2015 Share June 17, 2015 This is crazy. I wonder how they can sustain the business. Exactly. I want to do some quick calculations. Anyone know how many stalls there are at that coffee shop? Link to post Share on other sites More sharing options...
Duckduck Turbocharged June 17, 2015 Share June 17, 2015 (edited) how come there got no hawker ctr ah? skali garmen make a hawker ctr nearby soon then this buyer xiao liao Edited June 17, 2015 by Duckduck Link to post Share on other sites More sharing options...
Kusje Supersonic June 17, 2015 Share June 17, 2015 how to suffer when it is a geopraphical monopoly? those chaps with one coffeeshop and no hawker centre nearby dont have a choice why? because the pap govt didnt build any hawker centre after how many years? but sold how many coffeeshop land? You know what else is stupid? The fact that they take YEARS to build a hawker center after announcing it. SINGAPORE - Ten more hawker centres will be built over the next 12 years in a bid to moderate food prices here, Second Minister for the Environment and Water Resources Grace Fu said in Parliament on Wednesday. These will be built in new estates or in existing ones that are relatively under-served, such as Bidadari, Sengkang, Choa Chu Kang, Bukit Panjang and Bukit Batok, Ms Fu said during the debate on her ministry's budget. This is on top of the commitment by the Ministry for the Environment and Water Resources (MEWR) in 2011 to build 10 hawker centres over 10 years. The first two of those centres will open in Bukit Panjang and Hougang this year. - See more at: http://www.straitstimes.com/news/singapore/more-singapore-stories/story/singapore-budget-2015-ten-more-hawker-centres-be-built-2#sthash.2flYQHQc.dpuf how come there got no hawker ctr ah? skali garmen make a hawker ctr nearby soon then this buyer xiao liao Don't worry, based on the schedule, government will take 5-10 years to build that hawker center. Buyer has plenty of time to earn his money. Link to post Share on other sites More sharing options...
Mustank Hypersonic June 17, 2015 Share June 17, 2015 how come there got no hawker ctr ah? skali garmen make a hawker ctr nearby soon then this buyer xiao liao govct already declared where they donna build hawker centre there is no build one Link to post Share on other sites More sharing options...
Watwheels Supersonic June 17, 2015 Share June 17, 2015 Exactly. I want to do some quick calculations. Anyone know how many stalls there are at that coffee shop? Looking at the link the pic suggests about 10-11 stalls. Could be more. I wonder must sell how many cups of kopi to make ends meet. 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic June 17, 2015 Share June 17, 2015 You know what else is stupid? The fact that they take YEARS to build a hawker center after announcing it. Don't worry, based on the schedule, government will take 5-10 years to build that hawker center. Buyer has plenty of time to earn his money. yalor! last time, pap build flat, build hawker centre, build mrt, build park, one people one nation one singapore now pap build casino, changi airport shooping centre, erp, new citizen, sinagpore commit the most crime my heart cold liao Link to post Share on other sites More sharing options...
Toothiewabbit Supersonic June 17, 2015 Share June 17, 2015 yalor! last time, pap build flat, build hawker centre, build mrt, build park, one people one nation one singapore now pap build casino, changi airport shooping centre, erp, new citizen, sinagpore commit the most crime my heart cold liao Jit Tong Cheng!!! [laugh] 7 Link to post Share on other sites More sharing options...
Pinobii Hypersonic June 17, 2015 Share June 17, 2015 Life is Ok ok la. Healthy and with a lovely family. What else to ask for? What i mean was not fish, meat and chicken all at one meal. Rather i mean is one of these dishes per meal. Wa...u r my role model...hope I can retire happily like u :) 3 Link to post Share on other sites More sharing options...
Mustank Hypersonic June 17, 2015 Share June 17, 2015 Jit Tong Cheng!!! [laugh] [laugh] [laugh] 1 Link to post Share on other sites More sharing options...
Duckduck Turbocharged June 17, 2015 Share June 17, 2015 Looking at the link the pic suggests about 10-11 stalls. Could be more. I wonder must sell how many cups of kopi to make ends meet. my guess is theyll ramp up revenues n earnings thru some "accounting" then trade it off for a profit to some big fund looking for steady returns. Link to post Share on other sites More sharing options...
Kusje Supersonic June 17, 2015 Share June 17, 2015 my guess is theyll ramp up revenues n earnings thru some "accounting" then trade it off for a profit to some big fund looking for steady returns. Big funds so stupid to fall for these accounting tricks? Link to post Share on other sites More sharing options...
Duckduck Turbocharged June 17, 2015 Share June 17, 2015 (edited) Big funds so stupid to fall for these accounting tricks? im not saying theyre gona trick but when it comes to cash notes biz like food courts, accounting does get messy. also this buyer is taking a big risk at the mo, but there r big $ out there looking for low yield steady returns... anyway wat do i know, the buyer is so rich he must b smart enuff to know its a good investment Edited June 17, 2015 by Duckduck ↡ Advertisement Link to post Share on other sites More sharing options...
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