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In Singapore, investing in condominiums is a popular choice among individuals looking for profitable real estate opportunities. However, there are various factors to consider before making such an investment. One crucial aspect to keep in mind is the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented several measures over the years. These measures, which include the Additional Buyer’s Stamp Duty (ABSD), aim to discourage foreign buyers and limit the number of properties owned by individuals. While these measures may affect the short-term profitability of condo investments, they also play a significant role in ensuring the long-term stability of the market, creating a more secure investment environment. This is why it is essential to carefully evaluate the impact of these cooling measures on potential condo investments. For the latest updates on new condo launches, visit Elemeno-Pee.
Chiu Teng Group, a renowned property developer and builder in Singapore, has recently launched CT Pemimpin, a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region. This nine-storey, partial ramp-up factory boasts a coveted location in the centre of Singapore, making it an ideal choice for companies seeking easy accessibility and property investors looking for a rare permanent investment opportunity.
Featuring 56 strata-titled units and three canteen units, CT Pemimpin offers a range of sustainable features and communal facilities for its occupants. These include two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. The units also come equipped with individual toilets, providing convenience and privacy for occupants.
One of the standout features of CT Pemimpin is its generous one-to-one carpark ratio, with 59 carpark lots, including two EV lots, providing ample parking for vehicles. It also has two loading and unloading bays, as well as a lorry park catering to rigid-frame vehicles of less than 7.5m in length.
According to ERA Singapore CEO Marcus Chu, CT Pemimpin will appeal to both property investors and end-users. For investors, the absence of Additional Buyer’s Stamp Duty (ABSD) on industrial properties, coupled with risk diversification, makes it an attractive option. End-users, on the other hand, are predominantly business owners who prefer owning their own space rather than renting, especially since this development offers freehold status, which is rare in the market.
Ken Low, managing partner at SRI, notes that CT Pemimpin’s sleek modern facade and convenient location in the central region will attract a wider group of investors and end-users compared to traditional B1 industrial developments. He also points out that the last freehold industrial launch in this area, Mapex, over a decade ago, has a proven track record of good profitability and rental.
With its freehold status, CT Pemimpin is a rare find in today’s market, where most industrial developments are limited to a 30-year or 60-year lease. This makes it a highly sought-after option for investors looking for assets with excellent long-term potential, such as family offices and companies in the information and communications media industry.
In addition, commercial and industrial properties are not subject to ABSD, unlike residential properties, making them more appealing to investors or foreigners who are eligible to purchase. CT Pemimpin’s strategic location also offers unparalleled connectivity, with seamless accessibility from all parts of Singapore via both public and private transport. The industrial estate is just a short walk from Marymount MRT station (Circle MRT Line) and a five-minute drive from both Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line).
Driving to Jalan Pemimpin industrial estate is also a breeze, thanks to its proximity to major expressways such as PIE and CTE. Furthermore, the completion of the North-South Corridor in phases from 2027 will further reduce travel time from the north into the city, thanks to dedicated bus and cycling lanes.
CT Pemimpin is also conveniently located near vibrant neighbouring townships such as Bishan, Upper Thomson, and Ang Mo Kio, offering an array of retail and dining options at shopping havens such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. It is also in close proximity to reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College, making it a convenient location for families with school-going children.
Founded 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 developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects like The Creek@Bukit.
The preview of CT Pemimpin begins on February 21, 2025. To secure your rare freehold industrial space, call 8100 8017 or visit the Chiu Teng Group website to arrange a viewing today.