Introducing CT Pemimpin, a prime B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region. This latest development is a testament to Chiu Teng Group’s expertise in creating top-notch commercial and industrial spaces in Singapore.
Conveniently located in the heart of Singapore’s District 20, CT Pemimpin is the perfect choice for businesses seeking a highly accessible location and investors looking for a valuable long-term investment.
Eco-friendly features and shared amenities set this nine-storey building apart. Two rooftop pavilions serve as ideal spaces for outdoor gatherings and events, while solar panels, two passenger lifts, and a service lift are also available. The property comprises 56 strata-titled units, three canteen units, and varying floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each unit also offers private toilets for convenience and privacy. Additionally, the building boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electric vehicle (EV) lots, and two loading and unloading bays, as well as a lorry park for vehicles under 7.5m.
According to ERA Singapore CEO Marcus Chu, CT Pemimpin is a highly sought-after development for both investors and end-users. The industrial property is exempt from Additional Buyer’s Stamp Duty (ABSD) and offers risk diversification for investors, while business owners see it as a rare opportunity to own a freehold space instead of renting. Chu adds that the scarcity of centrally located industrial properties for sale will contribute to its appeal.
Ken Low, managing partner at SRI, notes that CT Pemimpin stands out from traditional B1 industrial developments due to its sleek modern facade and prime location. With its proximity to Marymount MRT station (five-minute walk) and Bishan sub-regional centre (13-minute walk), the property is expected to attract many young entrepreneurs and their staff. The last freehold industrial launch in this area, Mapex, has a proven track record of good profitability and rental over the past 10 years. Low adds that the freehold status of CT Pemimpin makes it a rare find in the market, as most industrial developments are limited to 30 or 60-year leases. This feature will appeal to investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry seeking clean B1 spaces.
Unlike residential properties, commercial and industrial properties are not subject to ABSD for buyers, making them more appealing to investors and eligible foreigners.
The excellent connectivity of CT Pemimpin is another highlight of the development. Its strategic location allows for seamless accessibility via public and private transport from all parts of Singapore. Marymount MRT station (Circle MRT Line) is just a five-minute walk, and Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line) are only a five-minute drive away. Major expressways such as PIE and CTE are also within close proximity, and the upcoming North-South Corridor is expected to further reduce travel time from the north to the city.
Surrounded by lively neighbourhoods like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin offers an array of retail and dining options at popular shopping destinations such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The location is also ideal for families with school-going children, as it is near reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.
Since its establishment in 1999, Chiu Teng Group has earned a reputable standing as a reliable developer and builder in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, CT Hub 2, and The Creek@Bukit.
The preview of CT Pemimpin will commence on February 21, 2025. Don’t miss this exclusive opportunity to own a rare freehold industrial space. Call 8100 8017 today or visit Chiu Teng Group to book a viewing.