Guess what will happen - Kimly buys coffee shop in Serangoon Central for S$13.15 million

Guess what will happen to the stall rentals after this purchase. If the farking Gov don't put in cooling measures to stop such nonsense, food prices will continue to go up creating massive inflation for commoners like no tomorrow. Then our dear PAP-Gov will step in again appearing like the good guy to give you CDC vouchers to win your votes, LMAO.

https://mothership.sg/2025/03/kimly-buys-coffee-shop-serangoon/

Kimly buys coffee shop in Serangoon Central for S$13.15 million​

Coffee shop chain operator Kimly bought a coffee shop in Serangoon Central for S$13.15 million on Mar. 11, 2025, The Edge Singapore reported.

The coffee shop is located at Block 204 Serangoon Central.

It has a strata floor area of 358-sqm, comprising the coffee shop itself and a 3-room flat on its second level.

There are 60 years left on the property's lease, which commenced in October 1994.

Reports first came out of Kimly's intention to buy the coffee shop, owned by Lee Quan Enterprises, back in June 2024.

Kimly had then said it expects to "strengthen its presence in the market by opening more food stalls under its food retail division", which is complemented by its central kitchen.

Kimly added that it would "continue to explore opportunities to acquire and, or operate more strategically-located coffee shops in mature estates with established footfalls."

Kimly Group, founded in 1990, currently has 85 outlets and drinks stalls across food courts, coffee shops, and industrial canteens, according to its website.
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The traditional independent kopitiam is now an endangered species. What you have now are non aircon food courts managed by the various F&B cronies beholden to the PAP regime.

Eventually you might need to bring your kids to Malaysia to see what a real kopitiam looks like. Don't gaslight them into believing that fake kopitiams and fake hawker centres are the real thing.

This was one of the traditional kopitiams.

Hightech88 said:

If the farking Gov don't put in cooling measures to stop such nonsense, food prices will continue to go up creating massive inflation for commoners like no tomorrow.

Click to expand...

You cannot expect the source of the problem to concurrently also be its solution. Reality doesn't work that way.

Kimly is partially owned by Temesek

More $3.00 budget meal vending machines will be needed to be installed in every corner of red dot. 555

The boss very rich one. Own 6 car...

The boss create wealth by work IT one. Coffeeshop business is his hobby only..