Active management can make big bets on coffee shops pay off
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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.
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