Own Rare Brand New Freehold Industrial Property Central Singapore
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CT Pemimpin, a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region, is the latest development project launched by Chiu Teng Group. With a reputation for developing quality commercial and industrial spaces in Singapore, the group has once again delivered a remarkable project.
Situated in District 20, the coveted location of CT Pemimpin offers excellent accessibility, making it an ideal choice for companies searching for a prime location and property investors seeking a rare permanent investment opportunity.
The nine-storey factory boasts sustainable features and communal facilities, including two rooftop pavilions that are perfect for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. It comprises 56 strata-titled units and three canteen units with floor heights ranging from 5.6m to 7.35m for selected units, equipped with toilets for easy access and privacy.
Furthermore, it offers a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, catering to ample vehicular parking spaces. For loading and unloading, two bays and a lorry park are available for vehicles under the rigid-frame category.
According to ERA Singapore CEO, Marcus Chu, CT Pemimpin appeals to both property investors and end-users due to the absence of Additional Buyer’s Stamp Duty (ABSD) on industrial properties and its potential for risk diversification. He adds that the scarcity of centrally located industrial developments for sale also contributes to its appeal.
SRI managing partner, Ken Low, notes that unlike traditional B1 industrial spaces in the market, CT Pemimpin has a modern and sleek facade that appeals to a wider range of investors and end-users. Its location within walking distance to Marymount MRT station and a short drive to Bishan sub-regional centre is also a major draw for young entrepreneurs and their employees. Low adds that CT Pemimpin is the first freehold industrial launch in the area in over a decade, with a successful track record at Mapex.
CT Pemimpin’s freehold status is a significant asset, considering the scarcity of such properties in today’s market, where most industrial developments come with a 30- or 60-year lease. It presents an excellent opportunity for investors looking for good-value assets with long-term potential, including family offices and companies in the information and communications media industry.
Unlike residential properties, commercial and industrial properties are not subject to ABSD, making them more appealing to investors and foreigners eligible to purchase them.
Its strategic location offers unparalleled connectivity and accessibility to all parts of Singapore, whether by public or private transport. It is only a short walk to Marymount MRT station (Circle MRT Line), a five-minute drive to Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). Proximity to major expressways such as PIE and CTE makes driving to Jalan Pemimpin industrial estate a breeze. The completion of the North-South Corridor in phases from 2027, offering dedicated bus and cycling lanes, will further reduce travel time from the north into the city.
CT Pemimpin also benefits from its location near vibrant neighbouring townships like Bishan, Upper Thomson, and Ang Mo Kio, with excellent retail and dining options at popular shopping malls such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. It is also close to renowned schools such as Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.
Since its establishment in 1999, Chiu Teng Group has built a solid reputation as a reliable property developer and builder, particularly in the industrial and commercial sectors. Its impressive portfolio includes well-received industrial projects like CT FoodNEX and CT Foodchain, as well as residential projects like The Creek@Bukit.
The preview of CT Pemimpin begins on February 21, 2025. Don’t miss this rare opportunity to own a freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to schedule a viewing and secure your space today.