Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to understand and abide by the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into account their income and current debt obligations. Thus, it is essential for investors to seek the advice of financial experts or mortgage brokers to make well-informed decisions and prevent taking on excessive debt. As you explore New Condo Launches, be sure to keep the TDSR in mind when securing financing.
CT Pemimpin, a freehold B1 industrial development located at 43 Jalan Pemimpin in the Central Region, has been recently launched by Chiu Teng Group, renowned for its development of quality commercial and industrial spaces in Singapore. The strategic location of CT Pemimpin in the heart of District 20 makes it an ideal choice for companies seeking excellent accessibility and property investors looking for a rare permanent investment opportunity. The nine-storey, partial ramp-up factory features sustainable elements and communal facilities, including two rooftop pavilions for outdoor events and meetings for tenants and occupants, rooftop solar panels, two passenger lifts, and a service lift. The development comprises of 56 strata-titled units and three canteen units, with varying floor heights and equipped with individual toilets for occupiers’ convenience and privacy. The development also offers a generous one-to-one car park ratio with 59 car park lots, including two electric vehicle charging lots, as well as two loading and unloading bays and a lorry park for vehicles under 7.5m. According to ERA Singapore CEO Marcus Chu, CT Pemimpin will attract both property investors and end-users due to its location, freehold status, and scarcity in the market. Property investors will be drawn to the development due to the absence of Additional Buyer’s Stamp Duty (ABSD) and diversification of risks, while business owners are likely to purchase their own space instead of renting, particularly since the development is freehold. SRI managing partner Ken Low added that CT Pemimpin stands out from traditional B1 industrial developments due to its modern facade and central location, which is highly desired by entrepreneurs and their employees. The freehold status also makes CT Pemimpin a rare find in the market, as most industrial developments have a 30-year or 60-year lease. Moreover, the development will appeal to family offices, companies in the information and communications media industries, and discerning investors seeking good-value assets with long-term potential. Investors purchasing commercial and industrial properties are not subject to ABSD, making them more attractive to foreigners and investors. CT Pemimpin’s strategic location offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transportation. It is only a five-minute walk from Marymount MRT station (Circle MRT Line), a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), and is easily accessible via PIE and CTE expressways. In addition, the upcoming completion of the North-South Corridor in phases from 2027 will further reduce travel time from the north into the city. Nearby townships such as Bishan, Upper Thomson, and Ang Mo Kio offer a wide range of retail and dining options at popular malls such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Reputable schools, including Raffles Institution, Catholic High School, and Eunoia Junior College, are also within close proximity, making it convenient for parents to drop off their children before heading to work. Established in 1999, Chiu Teng Group has established itself as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its extensive portfolio includes various well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, as well as residential projects such as The Creek@Bukit. The preview of CT Pemimpin will commence on February 21 2025. Don’t miss this opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group for a viewing.