The decision to invest in a condo in Singapore has become increasingly popular among both local and foreign investors in recent years. This is largely due to the country’s thriving economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in Singapore’s real estate market, condos have emerged as a standout choice due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps when investing in a condo in Singapore, highlighting notable Singapore Projects along the way.
Chiu Teng Group, a renowned developer of quality commercial and industrial spaces in Singapore, has launched its latest project, CT Pemimpin. This freehold B1 industrial factory is strategically located at 43 Jalan Pemimpin in the Central Region, making it an ideal location for companies and property investors.
Positioned in the heart of Singapore’s District 20, CT Pemimpin offers excellent accessibility and is a rare permanent investment option. The nine-storey development features communal facilities such as two rooftop pavilions, rooftop solar panels, two passenger lifts and a service lift. It comprises 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m. Selected units also have mezzanine floors on levels one and five, and individual units are equipped with toilets for convenience and privacy.
CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, as well as two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.
According to ERA Singapore CEO Marcus Chu, CT Pemimpin will be attractive to both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties, it provides an excellent risk diversification option for investors. For end-users, especially business owners, owning their own space is more desirable than renting, and a rare centrally located freehold development like CT Pemimpin adds to its appeal.
SRI managing partner Ken Low believes that CT Pemimpin’s sleek modern facade and central location will appeal to a wider group of investors and end-users compared to traditional B1 industrial properties in the market. It is situated just a five-minute walk from Marymount MRT station and a 13-minute walk from Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their staff. Additionally, the last freehold industrial development in this locale was more than a decade ago, making CT Pemimpin a rare find with a proven track record of profitability and rental rates.
The freehold status of CT Pemimpin adds to its appeal, as most industrial developments in the current market only offer a 30-year or 60-year lease. This unique feature will also attract discerning investors, such as family offices, who prefer freehold developments for investment and companies in the information and communications media industry looking for clean B1 spaces.
Furthermore, unlike residential properties, commercial and industrial properties do not incur ABSD for buyers, making them attractive to both investors and eligible foreigners.
CT Pemimpin’s strategic location also offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transport. It is only 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). The proximity to major expressways such as PIE and CTE also makes it easy to reach by car. The completion of the North-South Corridor, with dedicated bus and cycling lanes, from 2027 will further reduce travel time from the north into the city.
Surrounded by vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin provides a diverse range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Families with school-going children will also find it convenient as various reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College are located nearby.
Chiu Teng Group has established itself as a reliable property developer and builder since its inception in 1999, with a large portfolio of industrial projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential developments like The Creek@Bukit. The preview of CT Pemimpin will start on February 21, 2025, and interested buyers can call 8100 8017 or visit Chiu Teng Group’s website to arrange a viewing of this rare freehold industrial space.