From Coffee To Property

Last week, it was reported that David Teo bought Serene Centre, a mixed-use development in Bukit Timah, for S$105 million through his family office Apricot Capital. He is best known as the controlling shareholder of Super Group, which owns the ubiquitous Super Coffee and Owl coffee brands. Super is one of the top coffee players in Southeast Asia, and was sold to Dutch beverage group JDE for S$1.45 billion in 2016.

Unlike most founders who find it difficult to let go of control, Uncle David delegated key responsibilities to his children, Darren and Elaine, despite their relative youth. His faith paid off handsomely as the siblings orchestrated one of the biggest consumer deals in Singapore with the sale of Super