The coffee shop, which started on Jan 1, 1994, has a 91-year leasehold and 60 years remaining
SINGAPORE: A well-established coffee shop located at the void deck of Block 110, Yishun Ring Road, is seeking a buyer, with a guide price of $11 million.
Situated within Chong Pang Garden, the coffee shop enjoys a steady stream of customers from the surrounding residential and industrial areas. Since 1998, the Housing Development Board has ceased the sale of coffee shops, leading to a limited supply of such properties in the market. Increased dining-out habits and a surge in demand for food and beverage spaces have further contributed to coffee shops’ allure. Their low maintenance costs also make them appealing to F&B operators and property investors.
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