Chiu Teng Group, known for their quality commercial and industrial developments in Singapore, has recently launched their newest project – CT Pemimpin. This freehold development is sure to excite property investors and business owners looking for a valuable asset in land-scarce Singapore.
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. These units have floor heights ranging from 5.6m to 7.35m, with mezzanine floors available on levels one and five. This modern facility is designed to cater to various businesses, making it a highly sought-after property in the market.
What makes CT Pemimpin stand out is its rare freehold status. In today’s market where most industrial developments are limited to a 30-year or 60-year lease, CT Pemimpin offers investors a valuable opportunity to own a property with unlimited tenure. Additionally, buyers of commercial and industrial properties are not subject to Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive alternative for investors and foreigners eligible to buy.
Kelvin Fong, Deputy CEO of PropNex Realty, notes that “Being a freehold development in this centralised location, it will be good investment asset to both investors and end-users.”
Aside from its freehold status, CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electric vehicle lots and three lorry lots for less than 7.5m length rigid-frame vehicles. The development also offers two passenger lifts and a service lift, and each unit has its own private toilet for convenience.
One of the standout perks of CT Pemimpin, according to Ken Low, Managing Partner of SRI, is the designated carpark lot for each of the 59 units. This not only offers convenience for business owners but also ensures seamless accessibility and time-saving.
The location of CT Pemimpin in District 20 is also a major selling point. It is surrounded by well-established townships such as Bishan, Upper Thomson, and Ang Mo Kio that offer a plethora of amenities. Its strategic location also provides excellent accessibility and connectivity to all parts of Singapore via various transport modes. Being well served by three MRT lines, the industrial estate offers convenience for those who commute to work by public transport.
Doris Ong, Deputy CEO of ERA, highlights that “Owning a freehold property in Singapore’s central region isn’t just a smart investment – it’s a strategic business asset.” Its close proximity to MRT stations, expressways, and popular shopping hubs make it a desirable location for businesses.
CT Pemimpin also boasts green features for a more sustainable future, including ‘end-of-trip’ facilities such as shower rooms, bicycle racks, and storage lockers. It also offers communal facilities, including a sky garden with two rooftop pavilions, ideal for outdoor gatherings. The building also has other sustainable features, such as water-saving fittings, motion-sensor lighting, and double-glazed windows (available in selected units), as well as plans for rooftop solar panels and EV charging stations.
Mark Yip, CEO of Huttons Asia, notes that “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.”
Chiu Teng Group has a proven track record in developing quality properties, with well-received projects such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2. The preview for CT Pemimpin ends on March 5, 2025.
Don’t miss the opportunity to secure a rare freehold industrial space in Singapore. Contact Chiu Teng Group at 8100 8017 or visit their website to arrange a viewing.