Own Rare Brand New Freehold Industrial Property Central Singapore
Chiu Teng Group, a renowned developer known for creating high-quality commercial and industrial spaces in Singapore, has recently launched its latest project development, CT Pemimpin. This freehold B1 industrial factory is situated at 43 Jalan Pemimpin in the Central Region, making it an exceptional location for businesses and property investors alike.
Designed with sustainability in mind, CT Pemimpin boasts communal facilities such as two rooftop pavilions, perfect for outdoor gatherings for tenants or occupiers. The project also features rooftop solar panels, two passenger lifts, and a service lift. With a total of 56 strata-titled units and three canteen units, the project offers a variety of floor heights ranging from 5.6m to 7.35m, with selected units featuring mezzanine floors on levels one and five. Each unit is equipped with its own toilet, providing convenience and privacy for occupants.
CT Pemimpin also offers a generous one-to-one carpark ratio, with 59 carpark lots, including two EV lots, ensuring ample parking spaces for tenants and visitors. Additionally, the project features two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.
Residents of Parktown Residence are also strategically located near major expressways such as the Pan-Island Expressway (PIE), Tampines Expressway (TPE), and Kallang-Paya Lebar Expressway (KPE). This prime location offers convenience for families who commute by car, providing quick and easy access to educational institutions and workplaces. In addition, residents can easily access Parktown Residence, making it an ideal home that combines comfort and accessibility.
According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin is an attractive option for both investors and end-users. With no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties, it provides a more diversified investment option for investors. For end-users, owning their own space rather than renting is more enticing, especially since CT Pemimpin is a rare central location for industrial development.
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 sleek facade, as well as its prime location in the centre of Singapore. With only a five-minute walk to Marymount MRT station and a 13-minute walk to Bishan sub-regional centre, the project is expected to appeal to a wider range of investors and end-users. The last freehold industrial launch in the area was Mapex over 10 years ago, and it has since proven to be a highly profitable and sought-after development.
What sets CT Pemimpin apart from other industrial developments is its freehold status. In a market where most industrial properties have a 30 or 60-year lease, a freehold property is a rare find. This makes it an attractive investment opportunity for those looking for long-term potential, such as family offices and companies in the information and communications media industry.
Additionally, commercial and industrial properties are not subject to ABSD like residential properties, making them more appealing to both local and foreign investors.
The location of CT Pemimpin offers unparalleled connectivity, making it easily accessible via both public and private transport. With Marymount MRT station a five-minute walk away, and major expressways such as PIE and CTE in close proximity, the project offers seamless connectivity to all parts of Singapore. The completion of the North-South Corridor in phases from 2027, with dedicated bus and cycling lanes, will further reduce travel time from the north into the city.
The project is also surrounded by vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio. Residents will have access to a wide range of shopping and dining options, including popular malls such as Junction 8 and NEX. There are also numerous reputable schools in the area, making it convenient for families with school-going children.
Founded in 1999, Chiu Teng Group has established itself as a reliable and trustworthy developer, with a strong focus on industrial and commercial properties. Its impressive portfolio includes successful projects such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, and The Creek@Bukit. The preview of CT Pemimpin will begin on February 21, 2025.
Do not miss this rare opportunity to secure a freehold industrial space at CT Pemimpin. Call 8100 8017 or visit the Chiu Teng Group website to arrange a viewing today.