Why do so many coffee chains struggle in Singapore?

Affluent, strategically-positioned and business-friendly, Singapore is an ideal growth market on paper. The reality is more complex

A high-income economic powerhouse and strategic gateway to the wider East Asia region, Singapore has long been a magnet for coffee and hospitality businesses.

However, despite having some of the most business-friendly tax regimes in Southeast Asia, challenging market conditions have left an increasing number of cafés with no choice but to close stores or exit the market altogether.