Chiu Teng Group has recently launched a new B1 industrial factory development, CT Pemimpin, which is situated at 43 Jalan Pemimpin in the Central Region. As a reputable developer known for its quality commercial and industrial spaces in Singapore, Chiu Teng Group’s latest project is expected to attract both businesses and property investors.
The location of CT Pemimpin, right in the heart of Singapore’s District 20, makes it a highly desirable site. It offers easy accessibility for companies looking for a convenient location, while also being a rare investment opportunity for property investors.
CT Pemimpin boasts of sustainable features and communal facilities, including two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, passenger lifts, and a service lift. It comprises of 56 strata-titled units and three canteen units, with selected units featuring mezzanine floors. Each unit is equipped with its own toilet for convenience and privacy.
The development also provides ample parking spaces, with a generous one-to-one carpark ratio and two EV lots. It also has two loading and unloading bays and a lorry park for easy access for rigid-frame vehicles.
According to ERA Singapore CEO, Marcus Chu, CT Pemimpin will be attractive to both property investors and end-users. As industrial properties do not incur Additional Buyer’s Stamp Duty (ABSD), it provides risk diversification for investors. End-users, on the other hand, will appreciate the opportunity to own their own space, especially as it is a rare freehold development.
Investing in real estate is a strategic decision that requires careful consideration of various factors, with location being one of the most important aspects. This importance is amplified in the context of Singapore, where the location of a condo can greatly influence its value. Condos that are situated in central areas or in close proximity to key amenities, such as renowned schools, popular shopping malls, and well-connected public transportation hubs, are generally expected to appreciate in value over time. This trend can be observed in areas like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently displayed steady growth. Moreover, the presence of reputable schools and educational institutions in these areas makes condos in such locations highly coveted by families, further contributing to their potential as investments. Keeping these factors in mind, it is important for investors to consider the location of a condo before making a purchase, in order to ensure a profitable return on their investment. To stay updated on the latest condo developments and launches in prime locations, investors can also explore options such as New Condo Launches. This will not only provide them with a wide range of choices, but also assist in making a well-informed investment decision.
SRI managing partner, Ken Low, adds that CT Pemimpin stands out from the traditional B1 industrial developments in the market due to its modern facade and central location. With its proximity to Marymount and Bishan MRT stations, as well as major expressways, it is an ideal location for business owners and their staff. The last freehold industrial launch in this area was more than 10 years ago, making CT Pemimpin a highly sought-after development.
One of its main selling points is its freehold status, as most industrial developments in the market have a lease of only 30 or 60 years. It will also appeal to investors looking for long-term potential, such as family offices and companies in the information and communications media industry, who prefer freehold developments.
Under current regulations, buyers of commercial and industrial properties are not required to pay ABSD, making them even more appealing to investors and eligible foreigners.
With its strategic location, CT Pemimpin offers unparalleled connectivity to all parts of Singapore through public and private transport. It is just a short walk to Marymount MRT station and a five-minute drive to Upper Thomson and Bishan MRT stations. It is also easily accessible via major expressways such as PIE and CTE. The completion of the North-South Corridor in phases from 2027 will further improve connectivity from the north into the city.
Residents can also enjoy the amenities and entertainment options in the nearby townships of Bishan, Upper Thomson, and Ang Mo Kio. Various shopping centers such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub are within close proximity. Reputed schools like Raffles Institution, Catholic High School, and Eunoia Junior College are also nearby, making it convenient for families with school-going children.
Chiu Teng Group has established a reputation as a reliable developer and builder since its inception in 1999. Its extensive portfolio includes highly-regarded industrial projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects such as The Creek@Bukit.
The preview of CT Pemimpin is scheduled to start on February 21, 2025. To secure your rare freehold industrial space, contact 8100 8017 or visit the Chiu Teng Group website to arrange a viewing. Don’t miss this opportunity to invest in a prime location with exceptional potential.