Chiu Teng Group has established a reputation for developing high-quality commercial and industrial spaces in Singapore. Their latest project, CT Pemimpin, is a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region.
Strategically located in District 20, CT Pemimpin offers superb accessibility for businesses and investors alike. The coveted location in the centre of Singapore makes it an ideal spot for companies looking for a prime location and property investors searching for a rare permanent investment option.
Built with sustainability in mind, CT Pemimpin boasts communal facilities including two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. The nine-storey, partial ramp-up factory comprises of 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each unit is equipped with private toilets for occupiers’ convenience and privacy.
The development also offers a generous one-to-one carpark ratio with 59 parking lots, including two EV lots, and two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.
Marcus Chu, CEO of ERA Singapore, believes that CT Pemimpin will appeal to both property investors and end users. Investors will appreciate that there is no Additional Buyer’s Stamp Duty (ABSD) imposed on industrial properties, making it a safer investment option. As for end users, CT Pemimpin offers a rare opportunity to own a freehold industrial space in a central location, making it more appealing than renting.
Ken Low, Managing Partner of SRI, believes that CT Pemimpin stands out from traditional B1 industrial developments due to its sleek and modern facade and its central location. Its proximity to Marymount MRT station (a five-minute walk) and Bishan sub-regional centre (a 13-minute walk) makes it attractive to young entrepreneurs and their staff. Low also notes that this is the first freehold industrial launch in the area in over a decade and has a proven track record of good profitability and rental.
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Investing in real estate requires careful consideration of various factors, with location being a key aspect to consider. This is particularly true in Singapore, where the location of a condo can greatly impact its value. Condos located in central areas or in close proximity to important amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher appreciation in value. For example, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, making them even more lucrative investments. With the introduction of New Condo Launches, the potential for growth in these prime locations is even greater.
One of the main selling points of CT Pemimpin is its freehold status. With most industrial developments limited to a 30-year or 60-year lease, freehold properties are a rarity in today’s market. This makes it an exceptional find for investors looking for long-term potential, including family offices and companies in the information and communications media industry that need clean B1 spaces.
Additionally, commercial and industrial properties are not subject to ABSD, making them an attractive investment option for foreigners and local investors.
The location of CT Pemimpin offers unparalleled connectivity and accessibility to different parts of Singapore via both public and private transport. The industrial estate is a short walk from Marymount MRT station and a five-minute drive from Upper Thomson MRT station and Bishan MRT station. It is also easily accessible from major expressways such as the PIE and CTE. The upcoming completion of the North-South Corridor, which will offer dedicated bus and cycling lanes, will further reduce travel time from the north into the city.
With its location near vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin provides easy access to a variety of retail and dining options at popular shopping destinations such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The area is also home to reputable schools, including Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.
Chiu Teng Group has a solid track record as a reliable property developer and builder since its establishment in 1999. Their portfolio includes well-received industrial projects such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects like The Creek@Bukit.
The preview for CT Pemimpin will start on February 21. To secure a rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to arrange a viewing. Don’t miss this opportunity!