CT Pemimpin, a nine-storey, partial ramp-up factory, is the new development project by Chiu Teng Group, renowned for its high-quality industrial and commercial projects in Singapore. Situated in the Central Region at 43 Jalan Pemimpin, this freehold B1 industrial factory offers prime location, superb accessibility and desirable communal facilities, making it a highly sought-after property for both businesses and investors.The development features two rooftop pavilions ideal for outdoor gatherings, rooftop solar panels, two passenger lifts, a service lift, and a generous one-to-one carpark ratio with 59 lots, including two EV lots. It comprises 56 strata-titled units and three canteen units, each equipped with toilets for occupiers’ convenience and privacy.With floor heights ranging from 5.6m to 7.35m, selected units on levels one and five also feature mezzanine floors. The project boasts a lorry park and two loading and unloading bays, catering to rigid-frame vehicles of less than 7.5m.Says Marcus Chu, CEO of ERA Singapore, “CT Pemimpin is an attractive option for both property investors and end-users. With no Additional Buyer’s Stamp Duty (ABSD) applicable for industrial properties, it provides risk diversification for investors, while end-users benefit from owning their own space instead of renting. The property’s freehold status coupled with its central location also adds to its appeal.”According to Ken Low, managing partner of SRI, the sleek design and prime location of CT Pemimpin make it appealing to a larger group of investors and businesses. Its location, within walking distance of Marymount MRT station and Bishan sub-regional centre, is particularly attractive to young entrepreneurs and their staff. Additionally, the last freehold industrial launch in this area over a decade ago, Mapex, has a proven track record of good profitability and rental.CT Pemimpin’s freehold status is a rarity in today’s market, where most industrial developments have limited lease terms of 30 or 60 years. This unique feature makes it especially attractive to investors and companies in the information and communications media industry looking for clean B1 spaces. Furthermore, commercial and industrial properties are not subject to ABSD, making them an attractive option for eligible foreign buyers.Aside from its desirable freehold status, CT Pemimpin boasts unparalleled connectivity, with easy access to major expressways like PIE and CTE, as well as public transport options like the Circle and North-South MRT Lines. The upcoming North-South Corridor will also provide dedicated bus and cycling lanes, enhancing travel convenience and reducing travel time to and from the property.Residents of CT Pemimpin will also have access to a multitude of retail and dining options at nearby shopping centres such as Junction 8, Thomson Plaza, AMK Hub, and more. Reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College are also within close proximity, making it convenient for families with school-going children.Chiu Teng Group, with its solid reputation as a reliable property developer and builder since its establishment in 1999, has an extensive portfolio of well-received projects, including industrial developments like CT FoodNEX, CT Foodchain, Tagore8, and CT Hub & CT Hub 2, as well as residential projects like The Creek@Bukit. The preview for CT Pemimpin starts on February 21, 2025. Don’t miss this rare opportunity to secure a freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group today to arrange a viewing.
Singaporean condo investment is greatly influenced by the government’s property cooling measures. In order to maintain a stable real estate market and reduce speculative buying, the Singaporean government has implemented various measures over the years. One of the most significant measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure environment for investments. Condo investors must take these measures into consideration when making decisions for their investments in Singapore.