CT Pemimpin, located at 43 Jalan Pemimpin in the Central Region, is a newly launched B1 industrial factory project developed by Chiu Teng Group. The renowned developer has established a reputation for delivering quality commercial and industrial spaces in Singapore.
Boasting a coveted location in the heart of Singapore’s District 20, CT Pemimpin is an ideal site for both companies looking for a well-connected location and property investors seeking a rare permanent investment opportunity.
With sustainability in mind, CT Pemimpin offers communal facilities including two rooftop pavilions for outdoor gatherings, rooftop solar panels, and two passenger lifts plus a service lift. The nine-storey factory also features 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m, selected units also offering mezzanine floors on levels one and five. Each unit includes individual toilets for convenience and privacy.
Another unique feature of CT Pemimpin is its generous one-to-one carpark ratio, which provides 59 parking lots, including two EV lots. There are also two loading and unloading bays, as well as a lorry park catering to rigid-frame vehicles measuring less than 7.5m.
According to ERA Singapore CEO Marcus Chu, CT Pemimpin will attract both investors and end-users due to its lack of Additional Buyer’s Stamp Duty (ABSD) for industrial properties and its potential for risk diversification. Chu also highlights that the development’s freehold status makes it a rare find in the market, making it highly attractive to discerning investors and companies in the information and communications media industry.
When it comes to investing in condos in Singapore, there is another crucial factor that must be taken into consideration – the government’s property cooling measures. Over the years, the Singaporean government has implemented several measures to prevent speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment. In fact, with the latest developments in Singapore Projects, the condo market is projected to continue to thrive in the future.
Additionally, noted SRI managing partner Ken Low explains that CT Pemimpin’s sleek modern facade and central location distinguish it from traditional B1 industrial developments, making it appealing to a wider pool of potential investors and end-users. Low emphasizes that the last freehold industrial launch in the area over 10 years ago, Mapex, has a proven track record of good profitability and rental rates.
The development’s unparalleled connectivity is another major selling point, with Marymount MRT station (Circle MRT Line) just a five-minute walk away, and Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line) both within a five-minute drive. Residents can also easily access major expressways such as PIE and CTE, with the completion of the North-South Corridor in 2027 further improving connectivity. The area is also surrounded by popular retail and dining options, as well as reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.
Since its establishment in 1999, Chiu Teng Group has earned a strong reputation as a reliable property developer and builder, particularly in the industrial and commercial sectors. With a diverse portfolio of projects including popular developments like CT FoodNEX and CT Hub, the developer is now adding CT Pemimpin to its lineup.
The preview of CT Pemimpin begins on February 21 2025, so don’t miss the opportunity to secure your rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.