CT Pemimpin, a freehold B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region, is the newest development launched by Chiu Teng Group. The group has established itself as a reputable developer, known for its excellence in creating quality commercial and industrial spaces in Singapore.
The prime location of CT Pemimpin in the heart of Singapore’s District 20 makes it an ideal choice for companies seeking a well-connected site, as well as property investors looking for a rare long-term investment option. This nine-storey partially ramp-up factory offers communal facilities, including two rooftop pavilions perfect for outdoor gatherings, solar panels on the rooftop, two passenger lifts, and a service lift. With 56 strata-titled units, three canteen units, and floor heights ranging from 5.6m to 7.35m, it also caters to individual preferences with mezzanine floors on select units on levels one and five. Each unit comes equipped with toilets for convenience and privacy.
The development boasts a generous carpark ratio of one-to-one with 59 carpark lots, including two EV lots, ensuring ample parking space for vehicles. It also provides two loading and unloading bays and a lorry park to accommodate rigid-frame vehicles of up to 7.5m.
According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin appeals to both investors and end-users. For investors, it offers the benefit of no Additional Buyer’s Stamp Duty (ABSD) on industrial properties and serves as a risk diversification option. For end-users, especially business owners, owning their own space instead of renting is a more preferred option, especially with a freehold development like CT Pemimpin. Additionally, its scarcity, being a centrally located industrial development for sale, makes it even more attractive.
Ken Low, SRI managing partner, highlights that CT Pemimpin is unlike traditional B1 industrial properties in the market, which gives it a wider appeal to both investors and end-users. Its modern facade and central location, lacking in other developments, make it a desirable investment. Furthermore, its proximity to Marymount MRT station within five minutes and Bishan sub-regional centre within a 13-minute walk makes it convenient for young entrepreneurs and their staff. It is the first freehold industrial launch in the area in the last ten years, with its predecessor, Mapex, demonstrating excellent profitability and rental performance.
As a freehold property, CT Pemimpin is a rare find in today’s market, where industrial developments are usually limited to a 30-year or 60-year lease. This exceptional status adds to its appeal for discerning investors searching for high-value, long-term assets, such as family offices and companies in the information and communications media industry that seek clean B1 spaces. Additionally, commercial and industrial properties do not fall under the ABSD scheme, making them a more attractive option for eligible investors and foreigners.
CT Pemimpin’s strategic location offers seamless connectivity and accessibility from all parts of Singapore through public and private transport. The Jalan Pemimpin industrial estate is within a five-minute walk from Marymount MRT station (Circle MRT Line), and five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). Major expressways such as PIE and CTE are also in close proximity, making it easily accessible by car. The completion of the North-South Corridor by 2027, which offers dedicated bus and cycling lanes, will further reduce travel time from the north to the city.
The development is also surrounded by vibrant neighbourhoods like Bishan, Upper Thomson, and Ang Mo Kio. These areas offer a wide range of retail and dining options at popular shopping destinations, including Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Families with school-going children will also appreciate the convenient location near reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.
Condo investment offers a myriad of benefits, including the opportunity to leverage the property’s value for future investments. Numerous investors opt to utilize their condos as collateral to secure additional financing for new investments, effectively growing their real estate portfolio. This approach can significantly boost returns, yet it also carries potential risks. Hence, having a solid financial plan and carefully considering the potential effects of market fluctuations is crucial. For those looking to invest in Singapore Condos, this strategy can prove to be advantageous in their wealth-building journey.
With a solid track record in the industrial and commercial sectors since its establishment in 1999, Chiu Teng Group is a reliable and trusted property developer and builder. Its extensive portfolio includes well-received projects such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, CT Hub 2, and The Creek@Bukit. The preview of CT Pemimpin will begin on February 21, 2025. Don’t miss this rare opportunity to secure your freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to schedule a viewing today.