Own Rare Brand New Freehold Industrial Property Central Singapore

CT Pemimpin, a freehold B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region, is the newest development project unveiled by Chiu Teng Group, known for its exceptional quality commercial and industrial spaces in Singapore.

In addition to its fantastic shopping and dining options, One Marina Gardens at Marina Bay offers unparalleled access to some of Singapore’s most renowned landmarks and recreational destinations. Situated on Marina Gardens Lane, residents are just steps away from must-see attractions including Marina Bay Sands, Gardens by the Bay, and the Esplanade. With this prime location, One Marina Gardens allows residents to indulge in endless opportunities for entertainment, cultural immersion, and leisure. Be sure to check out One Marina Gardens for the ultimate living experience in this vibrant city.

Its prime location in District 20, right in the heart of Singapore, makes it an attractive choice for both companies in search of an easily accessible site and property investors seeking a rare opportunity for a permanent investment option.

Featuring sustainable elements and shared amenities such as two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift, this nine-storey factory with partial ramp-up provides a total of 56 strata-titled units and three canteen units. The units have floor heights ranging from 5.6m to 7.35m, with some selected units also equipped with mezzanine floors on levels one and five. Each individual unit comes equipped with toilets for the convenience and privacy of its occupants.

CT Pemimpin offers a generous one-to-one car park ratio, providing 59 car park lots, including two EV lots, ensuring ample parking space for vehicles. The development also includes two loading and unloading bays and a lorry park specifically for rigid-frame vehicles under 7.5m.

According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin will appeal to both investors and end-users. The absence of Additional Buyer’s Stamp Duty (ABSD) for industrial properties makes it an attractive option for investors seeking to diversify their risks. End-users, especially business owners looking to own their own space rather than renting, will also find this freehold development appealing.

Ken Low, Managing Partner at SRI, adds that unlike traditional B1 industrial developments in the market, CT Pemimpin’s sleek and modern façade, as well as its central location, will draw a wider group of investors and end-users. The convenience of being just a five-minute walk from Marymount MRT station and a 13-minute walk to Bishan sub-regional centre will be particularly appealing to young entrepreneurs and their staff. The last freehold industrial launch in this area, Mapex, more than 10 years ago, has shown strong profitability and rental rates.

The freehold status of CT Pemimpin makes it a unique find in today’s market, where most industrial developments have a 30 or 60-year lease. This will be a major factor in attracting investors looking for valuable assets with long-term potential, such as family offices and companies in the information and communications media industry seeking clean B1 spaces. Additionally, commercial and industrial properties are exempt from ABSD, making them an attractive option for investors and foreign buyers.

Strategically located, CT Pemimpin offers unparalleled connectivity from all parts of Singapore through public and private transport. It is just a five-minute walk from Marymount MRT station (Circle MRT Line), and a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). Major expressways like PIE and CTE are also in close proximity, making it easy to drive to Jalan Pemimpin industrial estate. The North-South Corridor, which will be completed in phases from 2027, will further reduce travel time from the north to the city with dedicated bus and cycling lanes.

Surrounded by vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, the development offers a wide variety of retail and dining options at shopping havens like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. It is also close to reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.

Since its establishment in 1999, Chiu Teng Group has established itself as a reputable property developer and builder, particularly in the industrial and commercial sectors. Its extensive portfolio includes well-received industrial developments like CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, and residential projects such as The Creek@Bukit.

The preview for CT Pemimpin begins on February 21, 2025. Don’t miss out on the opportunity to own a rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.