When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to control impulsive buying and maintain a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. Although these measures may affect the immediate profitability of condo investments, they also promote the long-term stability of the market, making it a more secure environment for investment. Moreover, with the availability of Singapore Projects, investors can have even more confidence in their condo investments.
Chiu Teng Group, a highly successful developer of quality commercial and industrial spaces in Singapore, is now launching its latest freehold development – CT Pemimpin. This new project is sure to delight property investors and business owners looking for a rare gem in the land-scarce city-state.
Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory building consisting of 56 strata-titled units and three canteen units. Floor heights range from 5.6m to 7.35m, with selected units featuring mezzanine floors on levels one and five.
The freehold status of CT Pemimpin makes it a standout amidst the current market, where most industrial developments are limited to 30 or 60-year leases. Additionally, commercial and industrial property buyers are exempt from the Additional Buyer’s Stamp Duty (ABSD) imposed by the government, making CT Pemimpin an attractive option for investors and eligible foreigners.
According to Kelvin Fong, Deputy CEO of PropNex Realty, “Being a freehold development in this centralised location, it will be good investment asset to both investors and end-users.”
The development also boasts a one-to-one carpark ratio, with 59 designated lots including two for electric vehicles, three for small lorries, two for the handicapped, and 34 for bicycles. CT Pemimpin is also equipped with two passenger lifts and a service lift, and each unit has its own private toilet for convenience.
Ken Low, Managing Partner of SRI, highlights the convenience of having a designated carpark lot for each unit, saying, “This will ensure seamless accessibility and time-saving for business owners. The partial ramp-up design also enhances accessibility for day-to-day operations, allowing for smoother loading and unloading of goods, and improving logistics efficiency.”
Strategically located in District 20, CT Pemimpin is surrounded by popular townships like Bishan, Upper Thomson, and Ang Mo Kio, offering a wealth of amenities. Its excellent accessibility and connectivity to all parts of Singapore make it a highly sought-after location. Three MRT lines serve the industrial estate, providing convenient commute options for workers.
Doris Ong, Deputy CEO of ERA, emphasizes the strategic value of owning a freehold property in Singapore’s central region, stating, “Positioned in one of the city’s most dynamic and prestigious locations, it offers an impressive corporate address, unmatched connectivity, and enduring potential for growth.”
Located just a five-minute walk from Marymount MRT station, CT Pemimpin is also accessible via Upper Thomson MRT station and Bishan MRT station. Drivers can easily access the industrial estate via major expressways like PIE and CTE. It is also just an eight-minute drive from Novena and 15 minutes from Orchard Road.
With the upcoming North-South Corridor expressway, which will include dedicated bus and cycling lanes, travelling time from the north into the city will be reduced when it is completed in phases from 2027.
CT Pemimpin’s prime location also provides easy access to popular shopping hubs such as Junction 8, Thomson Plaza, and Velocity@Novena Square, as well as reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.
The building will feature green and sustainable features, including a shower room, bicycle racks, and storage lockers, as well as a sky garden with two rooftop pavilions for outdoor gatherings. Other planned sustainable features include rooftop solar panels and EV charging stations, as well as water-saving fittings, motion-sensor lighting, and double-glazed windows in selected units.
“With water-saving fittings, double glazed windows for certain units and many other green features for sustainability, CT Pemimpin aims to shape a greener and committed future,” says Mark Yip, CEO of Huttons Asia.
Chiu Teng Group, established in 1999, has a solid reputation for developing and building quality industrial and commercial properties in Singapore. 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. For anyone interested in securing a rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to schedule a viewing.