July 10, 2022

Residents and stallholders worry about price hikes as coffee shop sales see record prices

By brit

SINGAPORE – Until recently, civil servant Norman Lopez did not think much of what he pays when patronising the KPT Kopitiam at Block 848, Yishun Street 81 twice a day for his coffee fix.

But that changed when food and beverage giant Chang Cheng Group forked out $40 million in June for the coffee shop, a transaction that followed two other recent high-price coffee shop sales.