Yishun coffee shop sold for $40 million in 2022 goes up in flames; 1 person injured

[Hightech88]

https://www.asiaone.com/singapore/y...-40-million-2022-goes-flames-1-person-injured​

Yishun coffee shop sold for $40 million in 2022 goes up in flames; 1 person injured​

PHOTO: Screengrab/TikTok/Sgjeff007
PUBLISHED ONSEPTEMBER 01, 2023 9:55 AMBySARAH KOH

SINGAPORE – One person was left with minor burns and 19 others self-evacuated after a fire broke out at a coffee shop in Yishun early on Thursday (Aug 31) morning.
A video posted on TikTok by user Sgjeff007 showed bright orange flames on top of a two-storey building, before firefighters arrived to put out the fire.



The coffee shop, which is located on the first storey of Block 848 Yishun Street 81, was sold for $40 million in June 2022 to Chang Cheng Group.

In response to queries from The Straits Times, the Singapore Civil Defence Force (SCDF) said it was alerted to the fire at about 2.10am on Thursday.
Firefighters used a water jet to extinguish the blaze, which was in one of the kitchens in the coffee shop.

About 19 people had self-evacuated before the firefighters arrived. One person with minor burns declined to be taken to the hospital, said the SCDF.

The cause of the fire is under investigation.
ST has contacted Chang Cheng Group for comment.
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[myfoot123]

Moral of the story. Never NEVER...stay above the coffee shop.

 

[Patriotmissile]

Bought 80 million insurance already so can earn 40 million.

 

[red amoeba]

So it’s part of the 10 billion trial that is on going ?

 

[ChinaCommunistSG]

Instant karma

 

[blackmondy]

Can somebody please explain to a fellow samster how the fuck can a HDB coffeeshop worth 40 million?

 

[maxxi]

How many years left?

 

[mahjongking]

Bought 80 million insurance already so can earn 40 million.

guaranteed this is what happened, things dont catch fire for no reason

 

[mahjongking]

Can somebody please explain to a fellow samster how the fuck can a HDB coffeeshop worth 40 million?

30 million is scam fees for assorted departments and divisions......

 

[blackmondy]

30 million is scam fees for assorted departments and divisions......

Can elaborate? I smell this is a ploy to launder money although I can't really point a finger where. And the fire sounds like arson to me for getting insurance payout.

 

[laksaboy]

I bet dirty Tiong money was involved in one way or another.

1) Acquire kopitiam with an absurd amount of money.

2) All hawkers leave due to high rent.

3) Set fire, claim insurance, huat ah.

 

[syed putra]

Somebody paid$40 million for that? Must be money laundering.

 

[laksaboy]

Moral of the story. Never NEVER...stay above the coffee shop.

Indeed. Stay above massage spas or nail/hair salons, you'll be greeted by those nice ladies whenever you pass by their shops.

 

[mahjongking]

probably default on the bank loan too......
spore does not execute scammers thats why we become scam centre

 

[laksaboy]

By the way, Chang Cheng Group's 'kopitiams' are proliferating across the island.

Just another non-aircon food court run by a F&B crony. See also: S11, Kim San Leng, Koufu, Kopitiam Group etc.

 

[laksaboy]

probably default on the bank loan too......
spore does not execute scammers thats why we become scam centre

The ruling class are scammers themselves e.g. ERP, GRC, tripartism, operational readiness, social compact. Snake oil merchants and bullshit peddlers.

Get to the root of the problem.

 

[k1976]

Can somebody please explain to a fellow samster how the fuck can a HDB coffeeshop worth 40 million?

Still got 60yrs left... So every year can earn 1 Mil... Swee swee can have 60m by end of 99yr lease..

 

[blackmondy]

If it's leelated to the current high-profile tiong money-laundering case I won't be surprised at all...

 

[k1976]

Instant karma

HuAt big big hah

 

[LaoHongBiscuit]

all this is insurance fraud