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Residents and stallholders worry about price hikes as coffee shop sales see record prices
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Earlier this month, 21 Street Eating House in Tampines changed hands for a record $41.68 million.
PHOTO: ST FILE
Karen See, Anjali Raguraman, Varun Karthik
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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.
