Type

Units

Min Area

Price Range

Other

1884 sqft

S$6,500/mo

Property Highlights

Prices currently start from S$6,500.
Located 3 min (260 m) from DT23 Bendemeer MRT Station.

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CT Hub 2: Premier B1 Light Industrial Space in Bendemeer

CT Hub 2 stands as a thoughtfully positioned light industrial development situated at 114 Lavender Street, a location that has established itself as a hub for small and medium enterprises seeking modern workspace solutions. The project capitalises on its proximity to Bendemeer MRT Station, positioned just 260 metres away—roughly a three-minute walk—making it an exceptionally accessible address for business owners, employees, and service providers requiring efficient public transport connectivity. This strategic positioning within the East Coast industrial corridor places the development in a district characterised by robust commercial activity and established supply-chain infrastructure.

The B1 classification of CT Hub 2 represents one of the most flexible use categories in Singapore's planning framework. This designation permits a diverse range of commercial operations spanning light manufacturing, assembly work, workshops, showrooms, offices, and creative industries. For many business operators, this versatility has become increasingly valuable as Singapore's economy has shifted towards higher-value light industrial and hybrid work models. The development responds directly to this market evolution, offering premises that neither require heavy industrial zoning nor restrict businesses to pure office use.

Location and Connectivity Benefits

Bendemeer MRT Station's proximity fundamentally enhances the development's appeal to both occupiers and investors. The station sits on the Downtown Line, one of Singapore's most utilised rapid transit corridors, providing seamless connections towards Bukit Panjang in the north and Marina Bay in the south. This connectivity advantage translates into tangible business benefits: easier client access, reduced commute friction for employees, and stronger leasing demand across economic cycles. Properties in high-MRT-accessibility precincts consistently command rental premiums and demonstrate more resilient capital values, particularly when competing against suburban alternatives requiring car-dependent journeys.

The Lavender Street address itself benefits from established infrastructure maturity. The surrounding precinct has evolved over decades as a trusted light industrial zone, attracting logistics operators, manufacturing SMEs, and specialist service providers. This clustering effect creates a self-reinforcing ecosystem where businesses benefit from proximity to suppliers, complementary operators, and shared service providers. For investors assessing rental demand and long-term occupancy stability, this established market positioning offers considerably more confidence than greenfield or transitional locations.

Unit Flexibility and Sizing Options

CT Hub 2 offers light industrial spaces starting from 1,884 square feet, a size range that appeals to diverse occupier profiles. This floor plate dimension accommodates startup operations requiring modest initial footprints, established SMEs seeking satellite facilities or regional headquarters, and specialist service providers needing workspace combined with limited storage or assembly capacity. The development's approach to unit sizing reflects genuine market demand rather than theoretical architectural ideals, ensuring that each space can be productively utilised rather than left partially empty by over-sized occupiers.

The availability of multiple units within the development creates opportunities for investors to assemble larger contiguous spaces should future business expansion or occupier consolidation become necessary. This modular approach has become increasingly attractive in an environment where occupiers value flexibility and the ability to adjust their physical footprint in response to evolving business circumstances. Investors who acquire multiple units within CT Hub 2 can position themselves to offer larger turnkey solutions to growing businesses, potentially justifying premium rental rates and ensuring superior long-term occupancy rates.

Investment Fundamentals and Yield Characteristics

The B1 light industrial sector has demonstrated consistent rental demand across multiple economic cycles, particularly in well-connected locations such as this Bendemeer address. Occupiers of light industrial space typically enter into longer-term lease commitments than office tenants, reflecting their operational integration and the costs associated with relocating production or assembly equipment. This characteristic translates into more stable cash flows for investors and reduced leasing volatility compared with pure office or retail investments.

Rental pricing in the Bendemeer precinct has remained competitive relative to other East Coast industrial clusters, yet benefits from superior MRT connectivity that justifies a modest premium over car-dependent alternatives further afield. Investors acquiring at CT Hub 2 typically anticipate rental yields commensurate with light industrial assets in accessible locations, whilst maintaining exposure to potential capital appreciation should the broader Bendemeer area undergo planned intensification or continued commercial maturation. The balance between yield sustainability and capital growth potential has made B1 developments in high-connectivity precincts increasingly attractive to both institutional investors and private individuals seeking portfolio diversification beyond pure residential exposure.

Regulatory Environment and Planning Considerations

Light industrial zoning carries considerably fewer usage restrictions than heavy industrial classifications, yet remains subject to environmental and land-use regulations appropriate to the precinct. Businesses operating from CT Hub 2 should verify that their specific operational activities align with B1 parameters, particularly if they involve significant noise generation, chemical handling, or export-import operations. The MRT proximity also means that the development sits within a relatively constrained planning envelope, with limited scope for future height or density intensification—a consideration that may support long-term property value stability through constrained supply growth.

Prospective occupiers and investors should understand that Singapore's light industrial zoning framework continues to evolve in response to changing economic patterns. The Bendemeer area has benefited from government recognition of its strategic importance to the broader logistics and manufacturing ecosystem, with infrastructure investments supporting continued commercial viability. This policy tailwind, whilst not guaranteed indefinitely, suggests that B1 properties in this location maintain reasonable resilience against planning-led value erosion that has affected some older industrial precincts further from MRT infrastructure or facing conversion pressure to residential or mixed-use development.

Market Positioning and Competitive Context

Within the broader East Coast industrial landscape, CT Hub 2 occupies a middle position between pure warehouse assets serving major logistics operators and premium office-industrial hybrids in prime CBD-adjacent locations. This positioning offers distinct advantages to investors seeking exposure to growing sectors such as e-commerce fulfillment, specialist manufacturing, design studios, and technology incubation—all segments that generate consistent demand for accessible B1 space. The development's moderate scale and strategic location mean it competes favourably with larger warehouse clusters in distant areas and higher-cost premium precincts that may exceed the budgets of emerging businesses.

The competitive set for CT Hub 2 includes other light industrial developments across the Bendemeer and Jalan Besar areas, as well as hybrid workspace solutions in adjacent locations. Investors evaluating CT Hub 2 should assess recent transaction activity across comparable properties to understand pricing trends, capture rates, and occupier profile evolution. In many instances, well-maintained B1 properties in proven industrial precincts have appreciated steadily whilst generating cash-on-cash returns that compare favourably with pure office or suburban industrial alternatives, making them attractive to balanced portfolio managers.

Suitability for Different Investor Profiles

Owner-operators and small business proprietors often find CT Hub 2 appealing as an owner-occupied premises combining workspace with investment optionality. Should the business subsequently relocate or scale, the owner retains a rental-generating asset in a stable, accessible location. This flexibility has particular value for entrepreneurs seeking to minimise early-stage financial commitments whilst maintaining real estate exposure. Financial headroom remains important—whilst B1 asset values typically permit more conservative financing ratios than pure commercial office, lenders still evaluate the specific occupier profile and lease terms underpinning any purchase decision.

Portfolio investors assessing CT Hub 2 typically model income stability against the backdrop of Bendemeer's established occupier base and the B1 sector's defensive characteristics. The development's MRT accessibility and moderate pricing generally fall within the parameters that institutional investors and substantial private investors find sufficiently compelling for capital allocation, particularly when comparing risk-adjusted returns across alternative light industrial locations. The absence of dramatic capital appreciation potential is typically offset by reliable rental income streams and relative insulation from cyclical office leasing pressures that have periodically afflicted prime commercial markets.

Infrastructure and Future Development Context

Bendemeer and the surrounding Jalan Besar area continue to benefit from government-backed infrastructure investments oriented towards maintaining Singapore's competitive position in logistics and light manufacturing. The Downtown Line's presence underpins continued commercial viability, whilst ongoing improvements to road connectivity and last-mile logistics infrastructure support the economic viability of light industrial operations throughout the cluster. This policy environment, reflecting Singapore's commitment to preserving functioning industrial capacity whilst densifying residential and office districts, generally supports stable long-term values for properties like CT Hub 2.

Investors should remain cognisant that Singapore's broader planning agenda involves gradual reduction of industrial land supply as some precincts transition to mixed-use or residential development. However, Bendemeer's established industrial character, MRT connectivity, and strategic importance to the broader economy suggest it will retain B1 zoning and continued commercial viability across multiple planning cycles. Properties like CT Hub 2 that combine functional modern specifications with excellent transit access have typically demonstrated resilience through previous planning transitions, making them sensible long-term holdings for conservative investors prioritising income stability and capital preservation.

Frequently Asked Questions

What rental yields can investors realistically expect from CT Hub 2 light industrial units?

Light industrial B1 properties in MRT-accessible locations like Bendemeer typically generate gross rental yields between 4% and 6% depending on specific unit size, lease length, and occupier profile. CT Hub 2's proximity to Bendemeer MRT Station supports leasing demand from SMEs and startups seeking accessible workspace, generally translating into stable occupancy and limited vacancy periods compared with car-dependent industrial alternatives. Investors should model yields conservatively by factoring in modest annual rental escalations (typically 2-3% across lease renewals), property tax obligations, and maintenance reserves. The B1 classification's flexibility—permitting offices, showrooms, light manufacturing, and specialist services—broadens the potential occupier pool, reducing concentration risk and supporting income resilience across economic cycles.

How does CT Hub 2's pricing per square foot compare with recent comparable B1 transactions in the Bendemeer area?

Light industrial B1 space in the Bendemeer precinct has historically traded within a range reflective of the location's MRT accessibility, established industrial character, and moderate distance from Singapore's CBD core. Recent transactions in comparable precincts suggest per-square-foot pricing broadly aligned with the broader East Coast industrial cluster, with modest premiums attached to properties demonstrating superior MRT connectivity and modern specifications. To obtain precise current market comparisons, investors should review recent URA transaction records for the Jalan Besar GRC and adjacent areas, consulting with industrial real estate specialists who maintain detailed knowledge of local sub-market dynamics. CT Hub 2's pricing typically reflects fair value for stabilised, accessible B1 assets, positioning it competitively against both newer premium developments and older warehouse stock in more remote locations.

How does ABSD affect a Singapore Citizen's investment decision if this is their second property purchase?

Singapore Citizens purchasing CT Hub 2 as a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price. This significant duty cost should be incorporated into the total acquisition expense and factored into yield and capital appreciation modelling before investment commitment. For example, purchasing a CT Hub 2 unit at S$1 million would incur approximately S$200,000 in ABSD liability, effectively increasing the all-in acquisition cost to S$1.2 million and materially affecting the payback period and required rental yield to achieve target returns. Investors should consult tax advisors to confirm their specific ABSD classification and explore whether any exemptions or deferrals might apply to their circumstances. The ABSD burden makes investment in light industrial properties like CT Hub 2 more attractive to first-time property buyers or to investors for whom this asset would not trigger ABSD classification.

What lease decay risk factors should investors assess for CT Hub 2, and how might residual lease length affect resale value?

As a B1 commercial property (not residential), CT Hub 2 operates under a different lease framework than typical residential HDB or private residential apartments, though the underlying principle of lease maturity impact remains relevant. Commercial leasehold properties in Singapore generally remain marketable and retain occupier interest across most lease lengths, as businesses typically lease rather than purchase long-term properties, focusing instead on operational efficiency and flexibility. However, should CT Hub 2 be held for multiple decades, eventual lease expiry or entry into the tail end of an extended lease term could introduce refinancing constraints and potential capital value compression as future purchasers face increasingly compressed residual lease periods. Investors acquiring commercial properties should confirm the ground lease term, understand any renewal mechanics, and factor in the possibility of progressive value compression in the final lease years. For medium-term investors (10-20 year holding periods), lease decay risk is generally manageable given typical commercial property utilisation patterns and strong Bendemeer market fundamentals.

How significantly does proximity to Bendemeer MRT Station enhance demand and capital appreciation potential for CT Hub 2?

MRT accessibility represents one of the most consistent value drivers for commercial properties across Singapore's market. Bendemeer MRT Station's three-minute walk distance (260 metres) from CT Hub 2 substantially enhances the development's appeal to occupier prospects and investors compared with car-dependent industrial alternatives in suburban or peripheral locations. Properties within such accessible precincts typically command rental premiums of 15-25% relative to comparable assets requiring car dependency, whilst demonstrating superior capital value resilience across economic cycles and planning transitions. The Downtown Line's strategic importance to Singapore's broader rapid transit network suggests continued passenger volumes and infrastructure investment across multiple planning periods. Historical analysis of industrial properties in high-MRT-accessibility corridors demonstrates that capital appreciation, whilst modest compared with pure office assets in premium locations, consistently outpaces depreciation-adjusted returns from car-dependent warehouse stock, making MRT proximity a quantifiable long-term value driver for CT Hub 2 investors.

Which investor profiles find CT Hub 2 most suitable, and are there specific buyer personas most likely to succeed?

CT Hub 2 appeals strongly to owner-operators and SME proprietors seeking combined workspace and real estate investment, particularly those requiring flexible B1 use permission spanning offices, showrooms, light manufacturing, or specialist services. This buyer profile benefits from the ability to occupy a proportion of their investment whilst leasing remaining space, generating income that offsets carrying costs. Conservative portfolio investors seeking stable cash flows and capital preservation—rather than aggressive appreciation—also find light industrial properties in accessible precincts like Bendemeer attractive, particularly those prioritising income yields and planning 10+ year holding periods. First-time property investors and those avoiding ABSD obligations typically favour commercial acquisitions like CT Hub 2 over residential alternatives. HNW individuals seeking diversification beyond pure office or retail exposure, and those comfortable with 4-6% yield targets and modest capital growth, align well with the risk-return profile of well-located B1 assets. Conversely, those seeking rapid capital appreciation or expecting substantial yield premiums may find CT Hub 2's fundamental characteristics less compelling than emerging-market commercial assets or premium central business district properties.

How do Total Debt Service Ratio (TDSR) and financing headroom work for CT Hub 2 acquisitions at typical price points?

Commercial property financing for B1 assets like CT Hub 2 typically operates under TDSR frameworks calibrated to commercial borrowers and investment properties rather than primary residential mortgages. Banks generally apply TDSR limits around 60% for investment properties (versus 55% for primary residential), meaning that gross debt servicing costs cannot exceed 60% of a borrower's gross monthly income. Typical loan-to-value (LTV) ratios for commercial properties range from 50-70% depending on property quality, lease stability, and occupier creditworthiness, with interest rates typically 0.5-1.5% higher than residential mortgages. For a CT Hub 2 unit priced at S$1.5 million, conservative financing at 60% LTV would provide S$900,000 debt capacity, requiring the borrower to fund S$600,000 equity plus any stamp duties and transaction costs. A borrower with gross monthly income of S$15,000 could service approximately S$9,000 monthly (60% TDSR), accommodating a mortgage at prevailing commercial rates. Investors should engage directly with commercial lending teams at major banks to model precise financing scenarios for their specific circumstances, as individual credit profiles and asset cash flow projections materially affect loan approval probability and terms.

How does CT Hub 2 compare competitively against other B1 developments across the Bendemeer and Jalan Besar precincts?

CT Hub 2 competes within a moderately fragmented competitive set encompassing established industrial properties, newer purpose-built light industrial developments, and hybrid workspace solutions across the broader Bendemeer and Jalan Besar areas. The development distinguishes itself through modern specifications, accessible unit sizing starting at 1,884 sqft, and proven MRT connectivity that several competing alternatives lack. Older industrial stock in the precinct may offer lower entry pricing but typically requires higher maintenance capital and offers less flexibility for contemporary business use cases. Newer premium light industrial developments, by contrast, command higher per-sqft pricing and typically focus on larger floor plates (5,000+ sqft) that may exceed the budgets and space requirements of many SMEs. CT Hub 2's positioning as a moderately priced, flexibly-sized, MRT-adjacent alternative generally yields competitive rental demand and stable capital values relative to the broader precinct average. Investors comparing CT Hub 2 should review comparable rental rates, occupancy histories, and recent pricing across the broader industrial cluster through URA transaction records and discussions with local commercial brokers specialising in the Bendemeer market.

Which floor levels or unit stacks within CT Hub 2 typically offer superior value and long-term appreciation potential?

For light industrial B1 properties, ground floor and lower-level units typically command rental premiums relative to upper floors, reflecting occupier preferences for direct street access, easier goods movement, and direct-entry leasing appeal. However, upper-floor units often present superior value propositions for longer-term investors, as they typically trade at modest discounts despite comparable functionality and often remain easier to lease than lower floors given the competitive positioning of alternative ground-floor stock. Mid-level units generally represent balanced value, offering reasonable occupier appeal without the premium pricing of ground-floor locations. Unit orientation, proximity to lift cores, and ease of reconfiguration for different business uses also influence desirability—units with flexible layouts and multiple access points typically command superior rental demand than those featuring restricted floor plan configurations. Investors evaluating specific units within CT Hub 2 should assess current occupancy patterns, recent leasing activity, and occupier feedback across all floor levels to identify genuinely undervalued stock. The overall development's MRT accessibility typically matters considerably more than specific stack positioning, making unit-level price variation relatively modest compared with pure location quality factors.

How might the future supply pipeline in the East Coast industrial cluster affect CT Hub 2's long-term value trajectory?

Singapore's broad planning agenda reflects gradual reduction in industrial land supply as priority is granted to residential intensification and mixed-use development in central locations. However, the East Coast industrial cluster—and specifically the Bendemeer and Jalan Besar precincts—have been identified as strategically important to Singapore's logistics and light manufacturing ecosystem, suggesting they will retain B1 and light industrial zoning across multiple planning cycles. Recent government announcements regarding industrial land conservation and infrastructure investments supporting logistics clusters indicate policy commitment to preserving functional industrial capacity in accessible locations like Bendemeer. The limited supply pipeline for new B1 development in this precinct—compared with greenfield industrial parks further afield—suggests that established properties like CT Hub 2 benefit from constrained supply conditions that support stable or appreciating long-term values. However, investors should monitor URA planning announcements and government industrial policy evolution, as unexpected zoning transitions or major new supply introductions could materially alter the investment case. For conservative investors prioritising income stability and capital preservation rather than speculative growth, CT Hub 2's position within a constrained, strategically protected precinct provides meaningful long-term reassurance regarding value erosion risks.

CT Hub 2 — From S$6,500