The bustling cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, typically situated in desirable locations, offer a fusion of opulence and practicality that captivates both locals and foreigners. With a plethora of on-site luxuries such as swimming pools, fitness centers, and round-the-clock security, these residences elevate the standard of living and entice prospective renters and purchasers. For investors, these perks translate into elevated rental profits and a steady increase in property worth over time. As a result, condos remain a highly sought-after investment in Singapore.
Located in District 20, CT Pemimpin is a newly launched B1 industrial factory developed by Chiu Teng Group. The renowned developer has established a strong reputation for delivering quality commercial and industrial spaces in Singapore.
CT Pemimpin’s prime location in the central region makes it an ideal site for both companies seeking excellent accessibility and property investors looking for a rare long-term investment option.
The nine-storey partial ramp-up factory offers various communal facilities, including two rooftop pavilions, ideal for outdoor gatherings. It also boasts sustainable features such as rooftop solar panels, two passenger lifts, and a service lift. With 56 strata-titled units and three canteen units, ranging from 5.6m to 7.35m floor heights, selected units on levels one and five also have mezzanine floors. Each unit is equipped with private toilets for the convenience and privacy of occupants.
CT Pemimpin also provides ample parking spaces with a generous one-to-one carpark ratio, including two EV lots. It also has two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.
According to ERA Singapore CEO Marcus Chu, the development will attract both property investors and end users. He also points out that industrial properties are not subject to Additional Buyer’s Stamp Duty (ABSD) and offer risk diversification for investors. Additionally, the scarcity of centrally located industrial developments like CT Pemimpin will add to its appeal.
SRI managing partner Ken Low notes that the development’s sleek modern facade and central location make it attractive to a wider range of investors and end users compared to traditional B1 industrial properties. He also highlights the rarity of freehold industrial properties, as most developments have a 30-year or 60-year lease. This factor will make CT Pemimpin a strong investment choice for discerning buyers, including family offices and companies in the information and communications media industry.
Furthermore, as commercial and industrial properties are not subject to ABSD for purchasers, they are particularly appealing to foreign buyers and investors.
When it comes to investing in Singapore condos, considering the government’s property cooling measures is crucial. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a safer investment environment. Therefore, investing in a Singapore condo is a wise decision for those seeking a stable and profitable long-term investment opportunity.
CT Pemimpin’s central location offers unparalleled connectivity to all parts of Singapore, making it easily accessible by public and private transport. The industrial estate is only a 5-minute walk from Marymount MRT station (Circle MRT Line), and a 5-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). Proximity to major expressways such as PIE and CTE also provides easy access by car. In addition, the upcoming North-South Corridor, expected to be completed in phases from 2027, will offer dedicated bus and cycling lanes, reducing travel time from the north into the city.
CT Pemimpin is also close to vibrant neighborhoods like Bishan, Upper Thomson, and Ang Mo Kio, offering a wide range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The development is also near renowned schools like 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 strong track record in the industrial and commercial sectors since its establishment in 1999. The developer has delivered numerous well-received industrial projects such as CT FoodNEX in Mandai, CT Foodchain in Pandan Loop, Tagore8 in Upper Thomson, and CT Hub & CT Hub 2 in Kallang, as well as residential projects like The Creek@Bukit in Bukit Timah.
The preview of CT Pemimpin begins on February 21, 2025. Don’t miss out on this rare opportunity to own a freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group to arrange a viewing today.