Wednesday, April 25, 2012

Killiney's key to survival? It owns the shop spaces

Straits Times: Wed, Apr 25 


THEIR product is coffee and kaya toast, but the spoon that really stirs the drinks at Killiney Kopitiam is property - with a side order of compassion. 


The Woon brothers hate to rent mall space from landlords, preferring to own the shops themselves and ensure that they are masters of their own destiny. 'If you depend on the landlord, you'll be in trouble,' said Mr Woon Tek Seng, 64, director of the chain. Killiney Kopitiam's secret formula to survival lies in owning the properties they operate in...

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