CT Pemimpin, a B1 industrial factory situated on freehold land at 43 Jalan Pemimpin in the Central Region, is the newest development project launched by Chiu Teng Group. This reputable group has established a niche in developing high-quality commercial and industrial spaces in Singapore.
With its prime location in District 20, CT Pemimpin is an ideal choice for companies in search of a site with excellent accessibility or property investors seeking a rare opportunity for a permanent investment option.
The nine-storey, partially ramp-up factory features sustainable elements, including two rooftop pavilions for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. It consists of 56 strata-titled units, three canteen units, and floor heights ranging from 5.6m to 7.35m. Selected units also come with mezzanine floors on levels one and five. Each unit is equipped with its own toilet for convenience and privacy.
CT Pemimpin also offers a generous one-to-one car park ratio with 59 parking lots, including two electric vehicle lots. There are also two loading and unloading bays, as well as a lorry park for rigid-frame vehicles.
According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin will attract both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable for industrial properties, this development provides a great opportunity for risk diversification. Business owners, in particular, are drawn to the freehold status of this development as it offers a rare opportunity to purchase their own space instead of renting.
Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial buildings due to its sleek modern facade and central location. The development is just a short walk to Marymount MRT station and Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their employees. The last freehold industrial launch in this area was more than 10 years ago, with Mapex proving to be highly profitable and in demand for rentals.
As a freehold development, CT Pemimpin is a rare find in today’s market, where most industrial properties have a lease of either 30 or 60 years. This feature will appeal to savvy investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry.
Compared to residential properties, commercial and industrial properties are not subject to ABSD, making them more appealing to both local and foreign investors.
CT Pemimpin’s exceptional location offers seamless accessibility and connectivity to all parts of Singapore, via both public and private transport. The industrial estate is just a five-minute walk from Marymount MRT station (on the Circle line), and a short drive from Upper Thomson MRT station (Thomson-East Coast line) and Bishan MRT station (North-South line). Major expressways such as PIE and CTE are also easily accessible. The completion of the North-South Corridor in phases from 2027 will further improve travel time from the north to the city, with dedicated bus and cycling lanes.
Singapore’s urban scenery showcases towering skyscrapers and state-of-the-art infrastructure. The city’s premium locations boast a mix of lavish and accessible condominiums that are highly sought after by both locals and foreigners. These well-equipped properties offer a range of top-notch facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the overall living experience and making them a desirable option for potential renters and buyers. Moreover, these condos are a profitable investment as they yield higher rental returns and appreciate in value over time. For those interested in the latest condo developments, new condo launches can be a great option to explore.
The development is also surrounded by vibrant townships such as Bishan, Upper Thomson, and Ang Mo Kio, offering residents a plethora of retail and dining options at popular shopping malls like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Parents will also find convenience in the proximity to reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.
Since its establishment in 1999, Chiu Teng Group has gained a solid reputation as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX (located in Mandai), CT Foodchain (in Pandan Loop), Tagore8 (in Upper Thomson), CT Hub & CT Hub 2 (in Kallang), and The Creek@Bukit in Bukit Timah.
The preview of CT Pemimpin will start on February 21, 2025. Don’t miss your chance to secure a rare freehold industrial space! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.