Two years ago i would avoid ghost town kopitiams like plague. Especially chap chye rice stalls as they don't discard all leftover unsold food. And u probably already know how unhygienic the employees, who are mostly PRCs and Malaysians are. Chicken can be recycle over again the next day by cooking in soy sauce to camouflage the color. The person who told me this is none other than an ex employee himself. If stalls remains empty for too long, towkay will hire workers to do char tow kway biz or something else.
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Bukit Batok coffeshsop sold for $31 Million
- Thread starter xebay11
- Start date
Two years ago i would avoid ghost town kopitiams like plague. Especially chap chye rice stalls as they don't discard all leftover unsold food. And u probably already know how unhygienic the employees, who are mostly PRCs and Malaysians are. Chicken can be recycle over again the next day by cooking in soy sauce to camouflage the color. The person who told me this is none other than an ex employee himself. If stalls remains empty for too long, towkay will hire workers to do char tow kway biz or something else.
Chap Cai Png is shitty food.
The cooks are machiam like Zhi char stall rejects ended up become cai png cooks.
Everything dump and mixed into the rice one plate machiam swill for pigs.
Only low class people eat chap cai png even the name like chap Cheng Kia
Is alright. Meat eating sinkie losers deserve such food.
Good foresight, nowadays such opportunities are scarce, entry level is $30 million to get into this club.
While morons like this are working for below a minimum wage and are happy with a 10% raise in monthly salary. Are they idiots?
[video=youtube;BcsfftwLUf0]https://www.youtube.com/watch?v=BcsfftwLUf0[/video]
Depends on the costs of land. At S$31M, the buyer is buying the land
What land? It is a HDB coffee shop, you cannot redevelop it.
You can 'redevelop' it by renovation and then raising the rents, which always happens when coffeeshops change hands.
Not re develop it. For example if it is freehold, you own the place and the land can worth quite a lot. Then you project the 4 to 5 years to breakeven and you will have that price. A good coffeeshop can make about 500k to 1m a year or even more. Depends on size.
It's hdb so it's 99 leasehold. Won't be surprised if the lease is shorter than that like those of hawker stalls or factories.
Like most of the other hdb coffee shops they're usually classified and sold as hdb shophouses.
This coffeshop must have been the older ones sold as 99 year lease, some HDB shop houses are only 30 year leasehold.
Yes they still own the petrol station there and the corner shop house opposite Thomson CC.
The old man don't know whether still alive, never do business with him very "chow kar ".
I thought all petrol stations no more owned privately, can confirm that they are still owned by private individuals?
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