Warung Kopi Tua Ini Terjual Seharga Rp471 Miliar

This old coffee shop is sold for Rp471 billion.

Dream - This shop in Singapore has been sold for $40.5 million or approximately Rp471.31 billion (exchange rate Rp11,637). According to AsiaOne, the coffee shop is located at Block 261 Serangoon Central Drive, Singapore. This coffee shop is believed to have been operating for more than three decades.

The translation of the given 'Bahasa' text to 'English' while preserving the HTML tags is: "Remaining Lease Period 65 Years".

According to documents from the Singapore Land Authority (SLA) obtained by a Chinese daily, this coffee shop has a remaining lease term of 65 years. It has an area of approximately 4,198 square meters, which means the price per square meter reaches $9,647.

The Chairman of the Restaurant & Bar Owners Association and Coffee Trader Kheng Keow Kenneth Lee believes that buyers are planning for long-term business in the area because it will be difficult to sell an old coffee shop due to its high purchase price.

Warung Kopi Tua Ini Terjual Seharga Rp471 Miliar

Nicholas Mak, head of research and consultancy at ERA Singapore and head of research at property portal Mogul.sg, provides his analysis on the reasons behind the resale price of this coffee shop.

The coffee shop is located next to the main road and only a five-minute walk to Serangoon MRT station and Nex shopping center. The lack of competition around this coffee shop, in the form of large coffee shops, is also advantageous.

The interesting aspect of this coffee shop is the presence of a rare KFC fast food stall, among more than 10 stalls there. Mak believes that this adds an attractive factor for students from nearby schools who stop by to eat.

Mak believes that this adds to the appeal for students from nearby schools who stop by to eat. Although the coffee shop is sold at a high price, Mak does not immediately equate it with a definite increase in food prices. This is because food prices must be in line with the market price and the shop owner cannot raise prices too high.

A retiree and regular customer of the coffee shop feels that the increase in food prices can be understood, but hopes that the increase is not too high.

In May last year, an offer was made for the sale of a Yishun coffee shop for $40 million. Previously, a coffee shop in Tampines also changed hands for $41.6 million. For comparison, the land price per meter in Yishun is $9,361 while in Tampines coffee shop it is $6,964.

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