Chiu Teng Group, a renowned developer known for creating top-quality commercial and industrial spaces in Singapore, has recently launched its latest project, CT Pemimpin. This freehold B1 industrial factory is strategically located at 43 Jalan Pemimpin in the Central Region, making it an attractive choice for both companies looking for a convenient and accessible location, as well as property investors seeking a rare permanent investment opportunity.
CT Pemimpin offers a range of sustainable features and communal facilities, making it a highly desirable development. These include two rooftop pavilions, perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. The nine-storey factory also boasts 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each individual unit comes equipped with its own toilet, providing convenience and privacy for occupants.
One of the unique selling points of CT Pemimpin is its generous one-to-one carpark ratio, with 59 carpark lots, including two EV lots. This ensures ample parking space for tenants and visitors. The development also features two loading and unloading bays, as well as a lorry park to cater to rigid-frame vehicles of less than 7.5m in length.
According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin is an attractive investment for both property investors and end-users alike. With no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties and the potential for risk diversification, investors will find this development appealing. At the same time, business owners who prefer to own their own space rather than rent will find CT Pemimpin to be an ideal choice. The scarcity of centrally located industrial developments for sale also adds to its appeal.
Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial properties in the market due to its modern and stylish facade and its central location. This makes it a desirable option for a wider group of investors and end-users, including young entrepreneurs and their staff. As the last freehold industrial launch in the area was more than 10 years ago, CT Pemimpin offers a rare opportunity for investors to secure a freehold asset with potential for good profitability and rental.
CT Pemimpin’s freehold status is another attractive feature, as most industrial developments in today’s market are limited to a 30-year or 60-year lease. This makes it a highly sought-after asset for discerning investors looking for long-term potential, such as family offices and companies in the information and communications media industry.
In addition, as commercial and industrial properties are not subject to ABSD, they are ideal for both local and foreign buyers. The development’s strategic location provides unparalleled connectivity and accessibility, with Marymount MRT station (Circle MRT Line) just a five-minute walk away. It is also a short drive to major expressways such as PIE and CTE, and the upcoming completion of the North-South Corridor in 2027 will further reduce travel time to the city.
CT Pemimpin’s proximity to vibrant townships such as Bishan, Upper Thomson, and Ang Mo Kio also offers a wide range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, and AMK Hub. It is also close to reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for families with school-going children.
Over the years, Chiu Teng Group has established a solid reputation as a reliable and trusted developer, particularly in the industrial and commercial sectors. Its impressive portfolio includes successful industrial projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential developments like The Creek@Bukit.
The preview for CT Pemimpin will commence on February 21, 2025. Don’t miss this opportunity to secure a rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.