Chiu Teng Group has launched a new freehold B1 industrial factory development, CT Pemimpin, located at 43 Jalan Pemimpin in the Central Region. This project is the latest development from Chiu Teng Group, a renowned developer known for its high-quality commercial and industrial spaces in Singapore.
Strategically located in District 20, CT Pemimpin offers an ideal location for businesses looking for a site that offers excellent accessibility and for property investors looking for a rare permanent investment option.
The nine-storey, partial ramp-up factory offers communal facilities such as two rooftop pavilions, perfect for outdoor gatherings for occupiers or tenants, rooftop solar panels, two passenger lifts, and a service lift. It consists of 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 unit is equipped with individual toilets for easy access and privacy.
Singapore’s limited land availability has made condos a highly sought-after property in the country. Due to its small size and growing population, Singapore has a shortage of land for development. This has resulted in strict land usage regulations and a cutthroat real estate market where property rates remain constantly on the rise. Due to this, purchasing real estate, particularly condos, has become a profitable investment option, with the potential for significant capital appreciation. In fact, with the recent new condo launches, the demand for condos in Singapore is bound to soar even higher in the upcoming years.
CT Pemimpin also offers a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, providing ample vehicular parking spaces. Two loading and unloading bays and a lorry park cater to vehicles of less than 7.5m.
According to CEO of ERA Singapore, Marcus Chu, CT Pemimpin will appeal to both investors and end-users as there is no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties and it offers risk diversification. He added that end-users, mostly business owners, prefer to purchase their own space instead of renting, especially as CT Pemimpin is a rare freehold development.
“This property will attract both investors and end-users due to its sleek modern facade and central location, which is a rare find in today’s market,” says Ken Low, Managing Partner at SRI. He also notes that CT Pemimpin’s location, just a five-minute walk from Marymount MRT station, and a 13-minute walk from Bishan sub-regional centre, will attract young entrepreneurs and their staff. Its freehold status makes it even more appealing to investors and companies in the information and communications media industry.
CT Pemimpin’s strategic location offers unparalleled connectivity to all parts of Singapore via both public and private transport. It is a five-minute walk from Marymount MRT station (Circle MRT Line), a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line).
In terms of accessibility by road, CT Pemimpin is close to major expressways, such as PIE and CTE. With the completion of the North-South Corridor in phases from 2027, travelling time from the north to the city will be even shorter.
The development is situated near popular retail and dining options, such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. It is also close to reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.
Chiu Teng Group has established a solid reputation as a reliable developer and builder, especially in the industrial and commercial sectors since its inception in 1999. Their portfolio includes well-received industrial projects such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects like The Creek@Bukit.
The preview of CT Pemimpin starts on February 21 2025. Don’t miss your chance to secure a rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing.