Singapore’s Chiu Teng Group is well-known for its success in developing top-quality commercial and industrial spaces in the country. With the launch of its latest project – CT Pemimpin, a freehold B1 industrial building, investors and business owners are in for a treat. Located at 43 Jalan Pemimpin in the Central Region, this nine-storey development boasts 56 strata-titled units and three canteen units with varying floor heights, offering modern and functional spaces for businesses.
What sets CT Pemimpin apart from other industrial developments in the market is its rare freehold status. In a market where most industrial projects have a leasehold of only 30 or 60 years, the freehold status of CT Pemimpin makes it a standout. Additionally, buyers of commercial and industrial properties are exempt from Additional Buyer’s Stamp Duty, making it a popular choice among investors and foreigners looking to invest in Singapore.
According to Kelvin Fong, Deputy CEO of PropNex Realty, “Being a freehold development in such a central location, CT Pemimpin is a great investment asset for both investors and end-users.”
CT Pemimpin also offers convenient amenities such as a one-to-one carpark ratio with 59 carpark lots, including two electrical vehicle lots and three lorry lots. The development will also have two passenger lifts and a service lift, and each unit will come equipped with private toilets for the occupants’ convenience.
Another major draw of CT Pemimpin is its prime location in District 20, which is known for its amenities and well-established townships, including Bishan, Upper Thomson, and Ang Mo Kio. This centralised location offers excellent accessibility and connectivity to all parts of Singapore through various transport modes. With three MRT lines serving the industrial estate, commuters can easily access their workplace via public transport.
Doris Ong, Deputy CEO of ERA, explains, “Owning a freehold property in Singapore’s central region not only makes for a smart investment, but it also offers a strategic business asset. With its prime location, CT Pemimpin provides a prestigious corporate address, superb connectivity, and excellent potential for growth.”
Located just a stone’s throw away from Marymount MRT station, CT Pemimpin is also easily accessible through Upper Thomson MRT station and Bishan MRT station. It is also well-connected to major expressways such as PIE and CTE, making it convenient for motorists. With the upcoming North-South Corridor expressway, connecting the north to the city, travel time will be significantly reduced, further enhancing the development’s appeal.
CT Pemimpin is surrounded by various shopping hubs, including Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub. Reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College are also within close proximity, making it an ideal location for both work and family.
Designed with sustainability in mind, CT Pemimpin will have green features, including a shower room, bicycle racks, storage lockers, and a sky garden with two rooftop pavilions for outdoor gatherings. The building will also have rooftop solar panels, EV charging stations, water-saving fittings, motion-sensor lighting, double-glazed windows, and a recycling corner.
Mark Yip, CEO of Huttons Asia, says, “With its water-saving fittings, double-glazed windows, and other sustainable features, CT Pemimpin aims to shape a greener and more committed future. Its superb specifications make it suitable for a range of industries, including e-commerce, media houses, telecommunications, and software development.”
Established in 1999, Chiu Teng Group is a reliable property developer, with a portfolio of successful industrial and residential projects, including 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 this opportunity to secure a rare freehold industrial space in a prime location. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.
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As international investors look to expand their real estate portfolios, it is crucial to be well-informed about the regulations and limitations surrounding property ownership in Singapore. Unlike landed properties, which have stricter ownership laws, foreigners are generally allowed to purchase condos with relative ease. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently at 20% for their initial property acquisition. Despite the added expenses, the Singapore real estate market remains a highly attractive option for foreign investment due to its stability and potential for growth. This is evident in the growing interest and participation of foreign investors in Singapore Projects.
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