Chiu Teng Group has a strong track record of delivering top-notch commercial and industrial spaces in Singapore, and it continues to impress with its latest launch – CT Pemimpin. This new freehold development is sure to please property investors and business owners on the lookout for a prime piece of land in Singapore’s land-scarce market.
Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up B1 industrial building. It comprises 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 located on levels one and five. The modern drop off point at CT Pemimpin, as seen in the artist’s impression, adds to the overall appeal of this development.
CT Pemimpin stands out in the market due to its rare freehold status. Most industrial developments in Singapore have a lease of 30 years or 60 years, making this freehold development a gem for investors. Additionally, commercial and industrial property buyers are not subject to Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive option for local and foreign investors.
Kelvin Fong, Deputy CEO of PropNex Realty, believes that “being a freehold development in such a centralised location, CT Pemimpin will be a good investment asset for both investors and end-users.”
One of the standout features of CT Pemimpin is its generous one-to-one carpark ratio. It has 59 carparks, including two electric vehicle lots, three lorry lots for less than 7.5m length rigid-frame vehicles, two handicapped lots, and 34 bicycle lots. The development also has two passenger lifts and a service lift, ensuring seamless accessibility for the occupants. Each unit also has its own private toilet, adding to the convenience for the occupants.
Ken Low, managing partner of SRI, believes that the dedicated carpark lot for each of the 59 units is a standout perk of CT Pemimpin. It offers convenience for business owners and ensures seamless accessibility.
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The government’s property cooling measures are a vital factor to consider when investing in condominiums in Singapore. In order to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. Among them is the Additional Buyer’s Stamp Duty (ABSD), which applies higher taxes to foreign investors and individuals purchasing multiple properties. While these measures may have a temporary effect on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. In addition, with the introduction of exciting new condo launches, there are even more opportunities for investors to secure profitable and stable investments in Singapore’s condominium market.
The partial ramp-up design of CT Pemimpin enhances accessibility for everyday operations, making it easier to load and unload goods, thus improving overall logistics efficiency. This feature, along with its central location, makes it an ideal choice for businesses looking for convenience, functionality, ease of access, and a prime location.
CT Pemimpin is situated in District 20, a highly popular area for buyers and tenants due to the amenities available in well-established townships such as Bishan, Upper Thomson, and Ang Mo Kio. Its strategic location offers excellent connectivity, making it easily accessible via various transport modes. It is well-served by three MRT lines, providing excellent convenience for those who commute to work using public transport.
Doris Ong, Deputy CEO of ERA, believes that owning a freehold property in Singapore’s central region is not just a smart investment but also a strategic business asset. Situated in a dynamic and prestigious location, it offers an impressive corporate address, unmatched connectivity, and enduring potential for growth.
CT Pemimpin is just a few minutes’ walk or a short five-minute drive from Marymount MRT station, Upper Thomson MRT station, and Bishan MRT station. It is also easily accessible from major expressways such as PIE and CTE. With the upcoming North-South Corridor expressway, which is expected to be completed from 2027, its connectivity will be further enhanced. This new expressway will reduce travel time from the north into the city, making it more convenient for business owners.
The development is also surrounded by various popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub, which are within minutes’ drive away. This makes it easy for occupants to access retail and dining options. Several reputable schools, such as Raffles Institution, Catholic High School, and Eunoia Junior College, are also in close proximity.
In line with its commitment to a more sustainable future, CT Pemimpin will feature green initiatives such as ‘end-of-trip’ facilities, a sky garden with two rooftop pavilions, rooftop solar panels, and EV charging stations. Other sustainable features range from water-saving fittings, motion-sensor lightings, to a recycling corner. Mark Yip, CEO of Huttons Asia, believes that with these green features, “CT Pemimpin aims to shape a greener and committed future.”
Established in 1999, Chiu Teng Group has a proven track record of delivering reliable and quality properties, especially in the industrial and commercial sectors. Its portfolio includes 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 out on the opportunity to own a rare freehold industrial space in a prime location. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.