Artist’s impression of CT Pemimpin at 43, Jalan Pemimpin (Picture: Chiu Teng Group)
CT Pemimpin, a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region, is the latest quality project development launched by Chiu Teng Group, which has carved a niche in developing quality commercial and industrial spaces in Singapore.
CT Pemimpin’s coveted location in the centre of Singapore in District 20 serves as an ideal location for companies looking for a site that offers superb accessibility and property investors on the lookout for a rare permanent investment option.
The nine-storey, partial ramp-up factory boasts communal facilities such as two rooftop pavilions perfect for outdoor gatherings for occupiers or tenants, rooftop solar panels, two passenger lifts and a service lift.
Comprising 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Individual units are equipped with toilets, allowing occupiers easy access and privacy.
It also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, providing ample vehicular parking spaces. Two loading and unloading bays, and a lorry park cater to rigid-frame vehicles of less than 7.5m
Artist’s impression of an aerial view of CT Pemimpin (Picture: Chiu Teng Group)
Says Marcus Chu, CEO, ERA Singapore: “CT Pemimpin will appeal to both property investors and end users. For investors, it is because there is no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties, and it provides risk diversification. End users are predominantly business owners who would rather buy their own space than rent, especially as this is a freehold development.”
“In addition, as this is a rare centrally located industrial development for sale, the scarcity will contribute to its appeal,” adds Chu.
Notes Ken Low, SRI managing partner: “Unlike the traditional B1 industrial in the market, CT Pemimpin will appeal to a wider group of investors and end-users. This is mainly due to its sleek modern facade and the centrality of its location, which many existing developments do not possess such attributes.
“Located just a five-minute walk to Marymount MRT station and a 13-minute walk to Bishan sub-regional centre, this freehold development will attract many, especially young entrepreneurs and their staff. Mapex was the last freehold industrial launch more than 10 years ago in this locale and has proven to have a strong track record of good profitability and rental,” adds Low.
With its freehold status, CT Pemimpin is an exceptional find. Freehold factories are rare in today’s market, where most industrial developments are limited to a 30-year or 60-year lease. Additionally, it will strongly appeal to discerning investors on the lookout for good-value assets with excellent long-term potential, such as family offices that prefer freehold developments for investment and companies in the information and communications media industry looking for clean B1 spaces.
Under existing rules, buyers of commercial and industrial properties are not subject to ABSD by the government, unlike residential properties. This makes them more appealing to investors or foreigners who are eligible to buy.
Artist’s impression of the communal facilities such as a sky garden (Picture: Chiu Teng Group)
Its strategic location commands seamless accessibility and connectivity from all parts of Singapore via both public and private transport. Jalan Pemimpin industrial estate is merely a five-minute walk from Marymount MRT station (Circle MRT Line). It is also a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line).
Driving to Jalan Pemimpin industrial estate is a breeze, thanks to the proximity of major expressways such as PIE and CTE. The completion of the North-South Corridor in phases from 2027, offering dedicated bus and cycling lanes, will further reduce travelling time from the north into the city.
Located near vibrant neighbouring townships such as Bishan, Upper Thomson and Ang Mo Kio, it offers a plethora of retail and dining options at shopping havens such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, Toa Payoh HDB Hub.
Various reputable schools such as Raffles Institution, Catholic High School and Eunoia Junior College are also in close proximity, making it convenient for parents to drop off their school-going children before heading to work.
Chiu Teng Group has built a solid foundation as a reliable property developer and builder, especially in the industrial and commercial sectors since its inception in 1999.
Its large portfolio of projects comprises various well-received industrial such as CT FoodNEX (located in Mandai), CT Foodchain (in Pandan Loop), Tagore8 (in Upper Thomson), CT Hub & CT Hub 2 (in Kallang) and residential projects like The Creek@Bukit in Bukit Timah.
The preview of CT Pemimpin starts on February 21 2025.
Secure your rare freehold industrial space today! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing.