CT Pemimpin, a freehold B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region, is the newest project launched by Chiu Teng Group, an established development firm known for its high-quality commercial and industrial spaces in Singapore. Its strategic location in District 20 makes it an ideal choice for both companies seeking a well-connected site and property investors looking for a rare permanent investment opportunity.
The nine-storey partial ramp-up factory offers communal facilities such as two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. It features 56 strata-titled units and three canteen units with floor heights ranging from 5.6m to 7.35m for selected units, along with mezzanine floors on levels one and five. Each unit is equipped with toilets for occupiers’ convenience and privacy. The development also offers a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, and two loading and unloading bays, and a lorry park for smaller vehicles.
According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin is an appealing choice for both investors and end-users. Investors will benefit from the absence of Additional Buyer’s Stamp Duty (ABSD) on industrial properties, as well as the opportunity for risk diversification. On the other hand, end-users, mostly business owners, will prefer owning their own space over renting, particularly as CT Pemimpin offers freehold status, which is a rare find in the current market.
.
In summary, there are many compelling reasons to invest in a condo in Singapore. With its high demand, potential for appreciation, and attractive rental yields, a condo can be a lucrative and stable investment. However, careful consideration should be given to important factors such as location, financing, government regulations, and market conditions. By conducting thorough research and seeking professional advice, investors can make informed decisions and make the most out of Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a profitable investment, condos in Singapore are a promising opportunity. To stay updated on the latest condo launches, be sure to check out New Condo Launches.
Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial projects due to its modern and sleek facade and central location, which is highly sought-after by both investors and end-users. The development is only a five-minute walk to Marymount MRT station and a 13-minute walk to Bishan sub-regional centre, making it attractive to young entrepreneurs and their employees. The last freehold industrial launch in this area, Mapex, more than 10 years ago, has a proven track record of high profitability and rental returns, further adding to the appeal of CT Pemimpin.
In addition, with its freehold status, CT Pemimpin is a unique and valuable investment opportunity that will attract discerning investors looking for long-term potential. It will also appeal to family offices seeking freehold developments for investment purposes and companies in the information and communications media industry that require clean B1 spaces. The absence of ABSD for commercial and industrial properties also makes it an attractive option for both local and foreign investors.
Apart from its rare freehold status, the unparalleled connectivity of CT Pemimpin is another major selling point. Located in the Jalan Pemimpin industrial estate, it offers seamless accessibility and connectivity to all parts of Singapore via public and private transport. The development is a short walk to Marymount MRT station and a five-minute drive to Upper Thomson MRT station and Bishan MRT station. It is also conveniently located near major expressways such as PIE and CTE, making it easily accessible by car. In addition, the upcoming North-South Corridor, set to be completed in phases from 2027, will further reduce travelling time from the north into the city with dedicated bus and cycling lanes.
CT Pemimpin is surrounded by vibrant townships such as Bishan, Upper Thomson and Ang Mo Kio, offering a wide range of retail and dining options at popular shopping centres like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena and Toa Payoh HDB Hub. It is also in close proximity to reputable schools such as 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 established a solid reputation as a trusted property developer and builder since it was founded in 1999, particularly in the industrial and commercial sectors. Its impressive portfolio includes various well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, and residential projects like The Creek@Bukit.
The preview of CT Pemimpin will commence on February 21. Don’t miss this opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group to arrange a viewing today!