Investing in a condo in Singapore has emerged as a popular choice for both local and foreign investors, owing to the country’s strong economy, stable political climate, and exceptional quality of life. With Singapore’s real estate market offering a plethora of opportunities, condos have gained traction due to their convenience, amenities, and potential for attractive returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when venturing into the world of condo investments in Singapore.
Chiu Teng Group has a strong track record in developing quality commercial and industrial spaces in Singapore. To continue this success, the group has launched its latest freehold development – CT Pemimpin, which is set to be a highly sought-after property for investors and business owners.
Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory with 56 strata-titled units and three canteen units. The units have floor heights ranging from 5.6m to 7.35m, with selected units having mezzanine floors on levels one and five.
One of the standout features of CT Pemimpin is its rare freehold status. In today’s market where most industrial developments are limited to 30 or 60-year leases, a freehold property is a valuable find. Additionally, buyers of commercial and industrial properties are not subject to the Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive option for investors and eligible foreigners.
Deputy CEO of PropNex Realty, Kelvin Fong, says, “Being a freehold development in this centralised location, it will be good investment asset to both investors and end-users.”
CT Pemimpin also offers a generous one-to-one carpark ratio, with 59 carparks that include two electric vehicle lots, three lorry lots for less than 7.5m length rigid-frame vehicles, two handicapped lots, and 34 bicycle lots. Each unit is equipped with its own private toilet, providing convenience for the occupants to access it from their own premises.
According to SRI managing partner, Ken Low, this is a standout perk of CT Pemimpin as it offers convenience for business owners. This will ensure seamless accessibility and time-saving. The partial ramp-up design also enhances accessibility for day-to-day operations, allowing for smoother loading and unloading of goods, and improving overall logistics efficiency. These features make CT Pemimpin an ideal choice for businesses owners looking for convenience, functionality, and ease of access, in addition to its strategic central location.
Situated in District 20, CT Pemimpin is in a highly popular area with buyers and tenants due to its close proximity to well-established townships such as Bishan, Upper Thomson, and Ang Mo Kio. Its strategic location offers excellent accessibility and connectivity to all parts of Singapore via various transport modes. With three MRT lines serving the industrial estate, it provides great convenience to those who commute to work by public transport.
Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices, but it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan a person can take based on their income and current debt obligations when purchasing a Singapore Condo. It is crucial for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions about their financing. This can prevent them from over-leveraging and help them secure a viable financing option.
Deputy CEO of ERA, Doris Ong, says, “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 a stone’s throw away or five minutes’ walk from Marymount MRT station (Circle MRT Line), and it is also accessible via Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), which is just a five-minute drive away. It is also easily accessible for motorists via major expressways such as PIE and CTE. In addition, it is an eight-minute drive from Novena and a 15-minute drive from Orchard Road.
The upcoming North-South Corridor expressway, with dedicated bus and cycling lanes, will further reduce travelling time from the north into the city when it is completed in phases from 2027.
CT Pemimpin is also conveniently located near popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub, which are all just a short drive away. It is also close to various reputable schools, such as Raffles Institution, Catholic High School, and Eunoia Junior College.
CT Pemimpin will be designed with thoughtful ‘end-of-trip’ facilities, such as a shower room, bicycle racks, and storage lockers, as well as other green features to encourage sustainability. These include a sky garden with two rooftop pavilions for outdoor gatherings, rooftop solar panels, EV charging stations, water-saving fittings, motion-sensor lighting, and double-glazed windows (selected units). The building will also have a recycling corner.
Huttons Asia CEO, Mark Yip, says, “With its sustainable features, CT Pemimpin aims to shape a greener and committed future. It has superb specifications to suit many end-users in industries ranging from e-commerce, media houses, telecommunications, software development, and others.”
Established in 1999, Chiu Teng Group has a reputation for being a reliable property developer and builder, with a portfolio that includes popular industrial and residential projects such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, CT Hub & Hub 2.
The preview for CT Pemimpin ends on March 5, 2025. Interested parties can call 8100 8017 or visit Chiu Teng Group to arrange a viewing and secure a rare freehold industrial space today!