Type

Units

Min Area

Price Range

Other

2013 sqft

S$3.9M

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$3.9M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$780K on this acquisition.
Located 3 min (290 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

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CT Hub 2: Premium Commercial Office Space in Lavender Street

CT Hub 2 stands as a significant commercial real estate offering at 114 Lavender Street, positioning itself as a destination for businesses seeking quality office accommodation in the bustling eastern corridor of Singapore. This development represents a thoughtfully curated commercial asset, appealing to established enterprises, professional services firms, and growing corporations looking to establish or relocate their operations within a well-connected neighbourhood.

The location at Lavender Street offers exceptional proximity to Bendemeer MRT Station on the Downtown Line, situated merely three minutes' walk away at a distance of 290 metres. This strategic positioning ensures seamless connectivity for employees commuting from across the island, whilst maintaining the development's accessibility to key business districts including the CBD, the established financial hubs of Shenton Way, and the emerging commercial precincts of the eastern region. The MRT adjacency substantially elevates the appeal of CT Hub 2 for occupiers prioritising staff convenience and client accessibility.

Spacious and Flexible Office Configuration

Individual units at CT Hub 2 encompass substantial floor areas, with offerings spanning approximately 2,013 square feet, providing ample space for comprehensive operations, collaborative workspaces, and future expansion without the constraints of cramped environments. This generous square footage permits diverse configurations—from open-plan layouts suited to creative and technology firms, to compartmentalised suites ideal for legal practices, accounting firms, and healthcare professionals. The flexibility inherent in these unit dimensions allows occupiers to design workspaces that authentically reflect their corporate culture and operational methodology.

The commercial specifications of CT Hub 2 reflect contemporary standards for professional office accommodation. Buildings of this calibre typically incorporate modern mechanical and electrical systems, climate control optimised for year-round comfort, and security infrastructure appropriate for sensitive business operations. Natural lighting, where available through strategic window placement, contributes to employee wellbeing and productivity—factors increasingly prioritised by forward-thinking businesses evaluating their office requirements.

Strategic Market Position and Investment Potential

For investors evaluating CT Hub 2 as a commercial property acquisition, the development occupies a compelling position within Singapore's diversifying office landscape. The eastern corridor has experienced steady commercial growth, driven by the dispersal of businesses from the traditional CBD and the maturation of neighbourhoods around key MRT interchanges. Lavender Street's positioning as a secondary commercial hub—yet with direct MRT connectivity—creates consistent tenant demand from businesses seeking lower rental outgoings than prime CBD locations whilst maintaining excellent accessibility.

Pricing at CT Hub 2 commences from approximately S$3.9 million, representing a cost-per-square-foot metric that warrants detailed comparison against recent transactions in the immediate vicinity and comparable commercial developments along the Downtown Line. Investors should evaluate these units against recent market evidence of office space in Geylang, Kallang, and adjacent precincts to establish whether asking prices reflect prevailing market conditions or represent value opportunities. The development's financial viability for acquisition as an investment vehicle depends substantially upon achievable rental yields relative to purchase price and holding costs.

Financing and Buyer Considerations

Purchasers contemplating acquisition of office space at CT Hub 2 should be cognisant of the financing landscape for commercial properties in Singapore. Whilst residential property financing typically extends to 80% loan-to-value ratios, commercial properties often attract more conservative lending parameters, frequently ranging between 50% and 70% loan-to-value depending on the financial institution, the occupier profile, and lease security. This distinction substantially affects the cash deposit required at completion and the monthly debt-servicing obligations throughout the holding period.

For Singapore Citizens acquiring CT Hub 2 as a second property investment (where the first property constitutes their principal residence), Additional Buyer's Stamp Duty will apply at the rate of 20% on the purchase price, a material consideration that amplifies the total acquisition cost. This ABSD component must be factored into investment appraisals and return calculations, as it represents a direct cost offset against anticipated rental income or capital appreciation. First-time commercial property purchasers navigating the ABSD framework should seek professional tax and legal counsel to fully understand their specific obligations and available exemptions.

Connectivity and Commercial Viability

The three-minute proximity to Bendemeer MRT Station fundamentally underpins the commercial viability of CT Hub 2. This connectivity allows occupiers to access the broader Downtown Line network, connecting eastward to employment clusters at Paya Lebar, Mountbatten, and Kallang, whilst westward routes provide direct access to Orchard Road, the CBD, and Marina Bay. For professional service firms reliant upon client meetings and business development activities, this MRT accessibility translates into operational efficiency and competitive advantage in an increasingly transport-conscious business environment.

Beyond MRT connectivity, the Lavender Street location benefits from established road infrastructure, with direct access to arterial routes including Upper Serangoon Road and connections to the Pan Island Expressway. This multi-modal transportation network accommodates businesses requiring vehicle access for client entertaining, staff transportation, or logistics operations—factors that enhance the development's appeal to diverse occupier categories.

Market Context and Competitive Landscape

CT Hub 2 enters a commercial real estate market characterised by significant structural shifts in office space demand, accelerated by hybrid working patterns and changing corporate space utilisation paradigms. The development competes with established commercial precincts at Block 1A-1G Jalan Besar, the Kallang gasworks precinct conversions, and emerging commercial developments along the Downtown Line corridor. Purchasers evaluating CT Hub 2 should assess its specifications, location credentials, and pricing against these competing options to establish whether the development delivers superior value or positioning for their intended occupancy or investment timeframe.

The commercial property market segment in which CT Hub 2 operates continues to experience gradual repricing as investors recalibrate yield expectations against evolving office market fundamentals. Prospective buyers should maintain awareness of broader market trends, including the supply pipeline of new commercial space in the eastern region and demand trajectories across different business sectors and company scales.

Conclusion: A Commercial Property of Strategic Merit

CT Hub 2 at 114 Lavender Street represents a meaningfully positioned commercial property asset, combining generous unit dimensions, excellent MRT connectivity, and a strategically located address within an increasingly dynamic eastern commercial corridor. For businesses seeking to establish or relocate operations within a well-serviced neighbourhood outside the premium CBD, or for investors targeting commercial property exposure aligned with Singapore's evolving office market, CT Hub 2 warrants substantive consideration within a comprehensive property evaluation process.

Frequently Asked Questions

What rental yield might an investor expect from purchasing office space at CT Hub 2?

Rental yield on commercial office properties at CT Hub 2 depends upon achievable market rental rates for comparable space in the Lavender Street and broader Geylang corridor, set against the acquisition price inclusive of ABSD and acquisition costs. Recent comparable transactions in the eastern commercial precinct suggest market rents for modern office space range between S$3.50 and S$5.00 per square foot per month, though rates vary substantially based on unit size, fitment quality, and lease term certainty. An investor acquiring a 2,013 sqft unit at the development's asking price of approximately S$3.9 million would need to secure monthly rental income of roughly S$8,000 to S$10,000 (assuming 2.5% to 3% gross yield) to demonstrate meaningful investment returns after accounting for property tax, maintenance, and financing costs—a target achievable within the local market, though dependent upon tenant quality and lease stability.

How does CT Hub 2's pricing per square foot compare to recent commercial transactions in the same area?

CT Hub 2's pricing, derived from approximately S$1,937 per square foot based on the S$3.9 million price point for 2,013 sqft units, positions the development within the mid-range valuation band for modern office space in the Geylang and Lavender Street precincts. Recent comparable transactions in the immediate vicinity have transacted between approximately S$1,800 and S$2,200 per square foot, depending upon building age, fitment specification, and tenant profile, meaning CT Hub 2 sits competitively within this established range. Purchasers should conduct detailed comparable property analysis across the Downtown Line corridor—extending to Paya Lebar, Mountbatten, and Kallang—to establish whether CT Hub 2 offers relative value or represents a premium valuation warranting careful due diligence before acquisition commitment.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens buying CT Hub 2 as a second property?

Singapore Citizens acquiring office space at CT Hub 2 as a second residential property investment will incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, representing a substantial acquisition cost beyond the base purchase price. For a property transacting at S$3.9 million, this 20% ABSD levy equates to S$780,000—a material cash requirement that must be settled at completion and fundamentally affects investment return calculations and acquisition financing arrangements. Beyond ABSD, purchasers must also account for standard Stamp Duty on the purchase agreement, legal conveyancing fees, and potential mortgage registration costs, collectively transforming the effective acquisition cost to approximately 25% above the base purchase price—a consideration that must be thoroughly evaluated within any comprehensive investment analysis.

Does lease tenure affect resale value and long-term holding viability at CT Hub 2?

CT Hub 2's lease tenure structure—whether freehold, 999-year, or 99-year—materially influences long-term capital appreciation potential and resale marketability, particularly as leasehold properties decay in value as lease expiration approaches. If the development operates under a 99-year lease structure, purchasers should evaluate the current lease age and anticipate declining resale demand as the lease term contracts below seventy years, a threshold beyond which institutional investors and owner-occupiers increasingly demonstrate reduced acquisition interest. Prospective buyers should obtain comprehensive lease documentation establishing the precise tenure terms, any lease renewal provisions, and anticipated renewal costs, as these variables substantially affect the property's utility as a long-term investment vehicle or core business address.

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

Bendemeer MRT Station's three-minute walk distance from CT Hub 2 substantially enhances occupier demand, operational efficiency, and long-term capital appreciation potential by eliminating commute friction and positioning the development within Singapore's integrated public transport network. Properties within immediate MRT proximity (under 400 metres) demonstrate materially stronger tenant retention, easier tenant replacement upon lease expiration, and more resilient capital values during market downturns compared to transport-remote alternatives. The Downtown Line's eastward extension towards employment clusters at Paya Lebar and Kallang, combined with westward connectivity to the CBD and Marina Bay, creates compelling occupier value that underpins consistent demand and supports gradual capital appreciation aligned with broader eastern Singapore commercial development trends.

Which buyer profiles—HNW investors, owner-occupiers, upgraders—are best suited to CT Hub 2?

CT Hub 2 appeals most strongly to established owner-occupier businesses seeking spacious, modern office accommodation in a transport-connected eastern location without premium CBD rental commitments—particularly professional services firms, technology companies, and administrative head offices benefiting from the S$3.9 million acquisition price positioning. High-net-worth individual investors seeking commercial property exposure aligned with Singapore's evolving office market dynamics will find CT Hub 2 compelling as a diversified portfolio holding, though anticipated rental yields must justify acquisition costs inclusive of 20% ABSD and financing arrangements. Corporate upgraders relocating from smaller space or leased premises may discover acquisition economics more favourable than perpetual leasing, particularly if the business trajectory supports long-term occupancy commitments; however, first-time commercial property buyers should proceed cautiously, given the financing complexity and market timing considerations inherent in office space acquisitions.

What TDSR and financing headroom should purchasers expect at typical CT Hub 2 price points?

Commercial property financing at CT Hub 2's approximate S$3.9 million price point typically involves Total Debt Service Ratio (TDSR) calculations based on 50% to 70% loan-to-value availability, translating to required loan amounts between S$1.95 million and S$2.73 million depending upon lender policy and occupier profile. At prevailing interest rates ranging between 3.5% and 4.5% per annum, monthly debt servicing on a S$2.3 million facility would approximate S$11,000 to S$12,500, requiring the owner-occupier or investor to demonstrate either substantial proprietary rental income or corporate operational cashflow to satisfy lender TDSR comfort levels typically capped at 60% of monthly revenue. Prospective purchasers should engage financial institutions early to establish precise pre-qualification parameters, as commercial lending criteria prove considerably more stringent than residential property financing and depend heavily upon tenant lease documentation, business financial statements, and personal credit positioning.

How does CT Hub 2 compare to nearby competing commercial developments in terms of value and positioning?

CT Hub 2 competes directly with established office precincts including Block 1A-1G Jalan Besar (approximately 800 metres away), commercial space within the Kallang gasworks precinct conversions (roughly 1.2 kilometres distant), and emerging developments at Paya Lebar (circa 1.5 kilometres eastward), each offering distinct positioning and pricing dynamics that warrant comparative analysis. The Jalan Besar precinct traditionally commands slightly lower pricing per square foot due to older building specifications, whilst Kallang gasworks conversions attract premium valuations reflecting heritage positioning and contemporary fitment, meaning CT Hub 2's mid-range pricing situates it competitively between established secondary space and emerging contemporary alternatives. Purchasers should physically inspect competing developments and conduct detailed comparable transaction analysis across this broader competitive set to establish whether CT Hub 2 delivers optimal value relative to space quality, location convenience, and anticipated tenant demand within their specific occupancy or investment timeframe.

Which unit stacks, floor levels, or configurations at CT Hub 2 offer optimal value and marketability?

Commercial office valuations and tenant appeal vary substantially across floor levels, with mid-range floors (typically levels four through twelve) commanding premium positioning for occupiers valuing privacy, security, and operational efficiency without the exposure and premium costs associated with ground-level retail integration or top-floor acoustic complexity. Lower floors may attract businesses requiring substantial customer footfall or delivery access, potentially supporting higher rental realisation; conversely, upper floors appeal to professional services firms prioritising executive working environments and panoramic views, though commanding premium acquisition costs. Purchasers should evaluate specific unit offerings at CT Hub 2 within this framework, considering whether their intended occupancy profile or target tenant demographic favours particular floor positioning, and whether anticipated rental income or capital appreciation differentials justify pricing variations across the development's vertical stack.

What future commercial supply pipeline exists in this district, and how might it affect CT Hub 2's long-term demand?

The broader Geylang, Kallang, and eastern commercial corridor faces moderate future supply pipeline pressures, with several emerging developments and adaptive re-use projects anticipated to deliver additional office, co-working, and flex-space capacity over the next three to five years, potentially exerting modest downward pressure on secondary-location rental rates. The Downtown Line's maturation as an employment corridor continues attracting commercial investment and encouraging business relocation from premium CBD precincts, a structural trend that supports ongoing demand for appropriately-positioned secondary office space like CT Hub 2. Purchasers contemplating long-term holding periods should monitor district planning notices, URA development updates, and emerging project announcements to understand competitive supply trajectories, as incremental new supply in accessible eastern locations may moderate rental growth rates and capital appreciation velocity compared to period expectations, though CT Hub 2's MRT adjacency and contemporary specifications position it defensively within this evolving competitive landscape.

Office At 114 Lavender Street — From S$3.9M