Coffeeshop sold for US$40mil, in second such sale this year

This is the second coffeeshop to be sold around this price, after news earlier this week that a coffeeshop in Tampines was bought over for a record US$41.68mil (RM183mil). (The iconic Singapore Merlion - File Pic)

SINGAPORE: A coffeeshop in Yishun has changed hands for US$40mil (RM176mil), with a price per sq ft surpassing that of some ground level retail units in the prime Orchard Road shopping belt.

A firm called Y848 lodged a caveat with the Singapore Land Authority on May 10 for the 24-hour KPT Kopitiam located in Block 848 Yishun Street 81.