Chiu Teng Group, known for its quality commercial and industrial spaces in Singapore, has launched its new freehold development – CT Pemimpin. This development will be a delight for property investors and business owners looking for a rare gem in the land-scarce city-state.
Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory comprising 56 strata-titled units and three canteen units. It boasts a prime freehold status, making it stand out in a market where most industrial developments are limited to a 30-year or 60-year lease. Moreover, commercial and industrial properties are not subjected to Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive alternative for investors and eligible foreign buyers.
Kelvin Fong, Deputy CEO of PropNex Realty, states that “Being a freehold development in this centralised location, it will be a good investment asset for both investors and end-users.”
CT Pemimpin offers a generous one-to-one carpark ratio with 59 carpark lots, including EV charging stations and three lorry lots for loading and unloading. There are also two passenger lifts and a service lift to ensure seamless access within the building. Each unit comes with its own private toilet, providing convenience for occupants.
Ken Low, Managing Partner of SRI, highlights one of the standout features of CT Pemimpin – the allotted carpark lot for each unit, ensuring convenience for business owners.
In Singapore, investing in condos carries an important consideration – the government’s property cooling policies. Over time, the Singaporean government has implemented several measures to prevent speculative purchasing and maintain a robust real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals buying multiple properties. While these policies may affect the immediate profitability of condo investments, they ultimately contribute to the market’s long-term stability, creating a secure investment climate. Condo investors should take these measures into account when making their investment decisions in Singapore.
Also, its partial ramp-up design enhances accessibility for daily operations, making it ideal for businesses looking for convenience, functionality, and easy access, on top of its prime central location.
Strategically located in District 20, CT Pemimpin is highly sought-after by buyers and tenants, thanks to its proximity to well-established townships such as Bishan, Upper Thomson, and Ang Mo Kio. Its location offers excellent connectivity to all parts of Singapore via various transport modes. With three major MRT stations nearby, it offers convenience to those who commute by public transport.
According to Doris Ong, Deputy CEO of ERA, “Owning a freehold property in Singapore’s central region isn’t just a smart investment – it’s a strategic business asset. Positioned in one of the city’s most dynamic and prestigious locations, it offers an impressive corporate address, unmatched connectivity, and enduring potential for growth.”
CT Pemimpin is just a short walk away from the Marymount MRT station (Circle Line), and easily accessible via Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South Line). It is also well-connected to major expressways like PIE and CTE, providing easy access for motorists. Furthermore, it is only an eight-minute drive from Novena and a 15-minute drive from Orchard Road.
The upcoming North-South Corridor, with dedicated bus and cycling lanes, will further enhance CT Pemimpin’s connectivity when completed in phases from 2027. Its prime location is also surrounded by various retail and dining options at popular shopping hubs, as well as reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.
CT Pemimpin will be designed with thoughtful ‘end-of-trip’ facilities, including shower rooms, bicycle racks, and storage lockers. Other green features include a sky garden with two rooftop pavilions, rooftop solar panels, EV charging stations, water-saving fittings, motion-sensor lighting, and more, promoting sustainability.
Mark Yip, CEO of Huttons Asia, notes that “With water-saving fittings, double glazed windows for certain units, and many other green features, CT Pemimpin aims to shape a greener and more committed future. It has superb specifications to suit various end-users, from e-commerce and media houses to telecommunications and software development companies.”
Established in 1999, Chiu Teng Group has a reputation for developing and building quality properties, particularly in the industrial and commercial sectors. Its portfolio includes various well-received projects, such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub and Hub 2.
The preview for CT Pemimpin ends on March 5, 2025. Contact 8100 8017 or visit Chiu Teng Group to arrange a viewing and secure a rare freehold industrial space today!