Active management can make big bets on coffee shops pay off

THERE have been various reports of record prices achieved on transactions of HDB resale flats, as more such flats get sold for over a million dollars each.

Recently, the sale of two HDB coffee shops generated much buzz. A caveat was lodged to buy 21 Street Eating House at Block 201 Tampines Street 21 for S$41.68 million.

Another HDB coffee shop, the 24-hour KPT Kopitiam, located at Block 848 Yishun Street 81, changed hands for S$40 million.