Type

Units

Min Area

Price Range

Other

328 sqft

S$850K

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$850K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$170K on this acquisition.
Located 3 min (260 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

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CT Hub 2: A Retail Haven on Lavender Street

CT Hub 2 represents a compelling commercial real estate proposition for retailers, service operators, and entrepreneurs seeking an established location within Singapore's vibrant Geylang precinct. Situated at 114 Lavender Street, this retail development offers units designed to accommodate modern business requirements, with pricing commencing from S$850,000. The development stands out as a destination for those looking to establish or expand their footprint in a neighbourhood characterised by consistent consumer activity and excellent transport connectivity.

The location benefits significantly from its proximity to Bendemeer MRT Station (DT23 line), situated merely 260 metres or approximately three minutes' walk away. This strategic positioning ensures that the development enjoys natural visitor flow from commuters, workers, and residents utilising the Downtown Line. The proximity to multiple MRT stations—including Lavender MRT within walking distance—creates a layered transport advantage that bolsters both daily customer accessibility and long-term capital appreciation potential. Retailers operating from CT Hub 2 gain immediate advantage through the convergence of pedestrian traffic from various residential and employment nodes across the district.

Design and Facilities Tailored for Contemporary Retail

Units at CT Hub 2 are equipped with infrastructure reflecting contemporary commercial standards. IT support services and integrated audiovisual equipment provide essential backbone systems for modern retail operations, whether serving traditional brick-and-mortar concepts or hybrid service delivery models. The inclusion of Cat 5 cabling infrastructure ensures reliable connectivity essential for point-of-sale systems, inventory management, and customer engagement technologies. Handicap-accessible design throughout the development demonstrates compliance with inclusive accessibility standards, broadening potential customer demographics and positioning operators as inclusive businesses within the community.

The typical unit footprint ranges from 328 sqft upwards, creating flexible configurations suitable for niche retail concepts, service-oriented businesses, and specialist retailers. This sizing strategy appeals particularly to entrepreneurs seeking more efficient cost structures compared to larger format retail, whilst maintaining sufficient display and operational space for meaningful customer interaction. The modular nature of spaces at CT Hub 2 allows operators to scale their physical footprint as business performance improves, supporting growth trajectories without forced relocation.

Neighbourhood Ecosystem and Amenity Access

The Lavender Street corridor has evolved into a mixed-use neighbourhood supporting both daily convenience shopping and destination retail visits. FairPrice City Square Mall and Aperia Mall operate within 400–600 metres of CT Hub 2, creating a micro-retail ecosystem that generates cumulative foot traffic across the entire precinct. This clustering effect means that consumers visiting anchor tenants at adjacent shopping centres frequently explore surrounding independent and specialist retailers, benefiting operators at CT Hub 2 through osmotic customer discovery.

The immediate neighbourhood encompasses educational institutions, dining establishments, and service providers, reinforcing the area's positioning as a community hub rather than a purely commercial zone. This mix supports daytime economy activity, with students, professionals, and families creating diverse consumer segments throughout operating hours. The presence of complementary uses—educational facilities, food and beverage offerings, and professional services—creates multiple reasons for consumers to spend extended time in the precinct, rather than making isolated shopping visits.

Investment Perspective and Yield Considerations

Investors evaluating CT Hub 2 as a commercial property acquisition should consider the strong rental demand characteristics inherent in established retail locations with MRT proximity. The Geylang district has demonstrated resilience in commercial real estate valuations, underpinned by consistent demographic demand and limited new retail supply in immediate vicinity. Rental yields for retail spaces in comparable locations typically range from 4–6% annually, contingent upon unit specifications, tenant profile, and lease terms negotiated. The development's positioning within a mature, well-serviced neighbourhood with predictable consumer patterns supports stable tenant acquisition and retention, essential prerequisites for reliable yield generation.

Capital appreciation trajectories for retail properties correlate directly with catchment population growth, transport infrastructure maturation, and neighbourhood gentrification dynamics. The Geylang precinct has benefited from successive improvements in public transport connectivity and neighbourhood amenity provision over the past decade, with further enhancements anticipated as the district continues to mature. Investors acquiring units at CT Hub 2 gain exposure to these structural improvements whilst securing current-generation infrastructure and facilities.

Financing and Acquisition Framework

Property financing for commercial retail acquisitions typically operates under different parameters than residential lending, with loan-to-value ratios frequently capped at 50–60% rather than the 80–90% applicable to residential mortgages. Buyers acquiring units at CT Hub 2 should anticipate financing headroom requiring minimum 40–50% cash down payment, with remainder funded through commercial mortgage facilities available from major Singapore banking institutions. Additional Buyer's Stamp Duty considerations apply to investors purchasing a second residential property, assessed at the current rate of 20% on purchase price. Although CT Hub 2 comprises retail rather than residential units, buyers should clarify their own stamp duty obligations with conveyancing counsel, particularly where personal circumstances intersect with regulatory classifications.

The acquisition pathway for commercial real estate at CT Hub 2 typically proceeds more rapidly than residential transactions, with contract exchange frequently occurring within 3–4 weeks of offer acceptance. Conveyancing processes are streamlined relative to residential acquisitions, though title verification and commercial lease documentation review remain essential due diligence components. Completion timelines conventionally occur within 8–12 weeks, allowing investors and operators to move rapidly toward occupancy and revenue generation.

Competitive Positioning Within the Precinct

The retail landscape across Geylang and adjacent precincts includes various competing developments, yet CT Hub 2 occupies a distinct positioning through its MRT proximity and integrated facility provision. Purpose-built retail developments offering similar unit sizes and modern infrastructure remain relatively sparse within the immediate 500-metre radius, creating scarcity value for operators seeking premium locations without excessive premium pricing. Competing spaces typically feature either older building stock lacking contemporary infrastructure, or significantly larger format requirements incompatible with boutique retail and service concepts.

The development's positioning relative to Aperia Mall—a mixed-use complex offering both retail and F&B tenancies—creates complementary rather than directly competitive positioning. Operators at CT Hub 2 benefit from the customer flow generated by Aperia's anchor tenants and entertainment offerings, without facing direct format competition. This spatial relationship supports symbiotic retail ecosystems where consumer journeys extend across multiple venues rather than concentrating within single developments.

Strategic Appeal for Different Operator Profiles

CT Hub 2 appeals to diverse operator typologies, from first-time retail entrepreneurs testing market concepts in established locations, to established service providers expanding geographic footprint, to niche specialists seeking neighbourhood positioning. The unit sizing and modern infrastructure accommodate service-oriented businesses—beauty and wellness providers, professional services, educational franchises—that rely upon technology integration and accessible location rather than large format display space. Conversely, curated retail concepts, specialty food and beverage operations, and lifestyle brands find the neighbourhood demographics and catchment characteristics supportive of premium positioning and customer loyalty development.

The development proves particularly suitable for operators transitioning from online-only or pop-up models toward permanent retail presence, offering efficient cost structures and established foot-traffic corridors reducing traditional retail launch risks. Simultaneously, established retailers can utilise CT Hub 2 as satellite or secondary locations reaching specific neighbourhood segments without overcommitting resources to large format commitments.

Future Precinct Development and Long-Term Positioning

The Geylang precinct continues to undergo gradual urban intensification, with successive government initiatives promoting retail and F&B renewal alongside residential densification. Future infrastructure improvements—including potential further MRT extensions and bus rapid transit enhancements—are anticipated to further strengthen transport connectivity and visitor accessibility. Operators acquiring retail space at CT Hub 2 gain positioning within a district experiencing incremental amenity and infrastructure improvements, supporting long-term customer base expansion and property value appreciation.

The regulatory environment governing neighbourhood retail continues to evolve, with planning authorities increasingly promoting mixed-use, transit-oriented development patterns. CT Hub 2's alignment with these policy directions—through MRT proximity, integrated facilities, and neighbourhood embeddedness—positions it as a development resilient to future regulatory and market cycles. Operators and investors can proceed with confidence that their commercial positioning within the precinct reflects broader urban planning trajectories rather than contra-trend positioning vulnerable to future dislocation.

Frequently Asked Questions

What estimated rental yield can investors expect from purchasing a retail unit at CT Hub 2?

Retail spaces in mature, MRT-adjacent precincts like Geylang typically generate rental yields ranging from 4–6% per annum, contingent upon tenant profile, lease length, and unit specifications. CT Hub 2's established location with consistent foot traffic from commuters and residents creates relatively stable tenant demand compared to emerging retail corridors. Investors should anticipate that premium positioning near transport hubs commands steady rental demand from service operators and retailers seeking accessible, well-serviced locations, though absolute yield performance depends upon individual unit specifications, tenant covenant strength, and lease negotiation outcomes.

How does per-square-foot pricing at CT Hub 2 compare to recent retail transactions in the Geylang precinct?

CT Hub 2's pricing commences from S$850,000 for 328-sqft units, representing approximately S$2,591 per square foot, positioning it competitively within the Geylang retail market for purpose-built, modern infrastructure space. Recent comparable transactions in the immediate precinct have demonstrated pricing ranging from S$2,200–S$3,100 psf depending upon unit condition, building age, and transport proximity. CT Hub 2's modern facilities, integrated technology infrastructure, and three-minute MRT walk justify positioning within the upper-middle range of this distribution, offering premium specifications without the pricing premiums typical of newly-launched or CBD-adjacent developments.

Do Additional Buyer's Stamp Duty implications apply to CT Hub 2 purchases?

Additional Buyer's Stamp Duty at the current rate of 20% applies specifically to residential property acquisitions by Singapore Citizens acquiring a second residential property. CT Hub 2 comprises retail/commercial units rather than residential properties, meaning ABSD does not technically apply to these acquisitions. However, buyers should engage conveyancing counsel to clarify their specific circumstances, particularly where personal usage intentions or property classification nuances create potential ambiguity. Commercial property stamp duty operates under distinct legislative frameworks, typically resulting in lower overall duty burdens than comparable residential transactions.

What lease tenure does CT Hub 2 offer, and how does this affect long-term property value?

CT Hub 2 operates under commercial leasehold tenure structures typical for retail properties in Singapore's established precincts. Unlike residential properties subject to lease decay considerations, commercial retail spaces generally experience less pronounced depreciation as lease term diminishes, provided the development benefits from ongoing management, maintenance, and tenant appeal. The Geylang location's maturity and established commercial character support sustained value retention throughout typical investment holding periods, with commercial lenders typically offering financing based on income-generation potential rather than lease-term mechanics alone.

How significantly does proximity to Bendemeer MRT Station influence customer accessibility and capital appreciation potential?

MRT proximity represents perhaps the single most significant factor determining retail property accessibility and long-term value trajectories. CT Hub 2's positioning 260 metres from Bendemeer MRT Station (three minutes' walk) ensures that the development captures natural pedestrian flows from thousands of daily commuters and visitors utilising the Downtown Line. This transport accessibility directly influences retail viability, enabling operators to sustain customer bases even during economic downturns when discretionary travel extends, and supporting capital appreciation through cumulative transport usage growth and ongoing infrastructure maturation. The MRT proximity justifies pricing premiums of 20–30% relative to comparable retail spaces in non-transport-proximate locations, as buyers and tenants explicitly value the guaranteed accessibility and consistent customer flow generated by public transport interchange.

Which buyer profiles—HNW investors, upgraders, first-timers, or owner-operators—should most seriously consider CT Hub 2?

CT Hub 2 appeals most strongly to owner-operators launching first retail concepts or expanding established business footprints, given the modest unit sizes, modern infrastructure reducing startup capital requirements, and established neighbourhood demographics supporting immediate customer acquisition. Commercial investors with MRT-focused portfolio strategies represent a secondary target profile, particularly those seeking yield-generating assets in locations demonstrating resilience through established tenant demand. First-time retail entrepreneurs benefit significantly from the development's integrated facilities and turnkey infrastructure, reducing launch complexity relative to older or bare-shell retail spaces. Conversely, large-format retail operators and luxury concepts may find unit sizing constraining, limiting applicability within this buyer profile.

What financing headroom and TDSR considerations should buyers anticipate at typical CT Hub 2 price points?

Commercial property financing for retail acquisitions typically operates under stricter loan-to-value parameters than residential lending, with financial institutions offering 50–60% LTV rather than residential 80–90% LTV. Buyers acquiring units from S$850,000 onwards should anticipate minimum 40–50% cash down payment requirements, with remainder funded through commercial mortgages offered by major Singapore banking institutions. Total Debt Service Ratio (TDSR) calculations for commercial acquisitions typically incorporate rental income projections at conservative occupancy assumptions (75–80%), rather than complete income inclusion, requiring buyers to demonstrate personal income capacity covering remaining debt servicing gaps. Financing decisions commonly conclude within 3–4 weeks given commercial property assessment simplicity relative to residential lending, allowing rapid progression toward completion.

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

CT Hub 2 occupies a distinct competitive position relative to Aperia Mall and FairPrice City Square Mall, which operate as larger mixed-use anchors generating complementary rather than directly competitive foot traffic. The development's boutique scale, modern integrated infrastructure, and mid-market pricing create a value proposition distinct from both older neighbourhood retail stock lacking contemporary facilities, and larger format developments commanding premium rental rates. Competing retail spaces within the immediate precinct typically feature either substantial age (with attendant infrastructure limitations and maintenance requirements), or significant size requirements incompatible with niche retail concepts. CT Hub 2's positioning as purpose-built, contemporary retail space in an MRT-proximate location with moderate unit sizes creates genuine scarcity value within the immediate competitive environment.

Which unit stack positions or floor levels within CT Hub 2 offer superior value propositions for different operator types?

Ground and first-floor retail units typically command premium pricing (10–15% above upper-floor equivalents) due to direct street accessibility, window frontage, and natural pedestrian flow, justifying these premiums for consumer-facing retail requiring visible storefront positioning. Service operators, professional service providers, and back-office retail functions (e.g., distribution, repair services) frequently discover superior value in upper-floor units, which benefit from lower acquisition costs whilst maintaining excellent MRT accessibility and neighbourhood connectivity. Mid-level floors (second to fourth) offer balanced propositions for hybrid concepts blending customer-facing and back-office functions. Optimal positioning decisions depend entirely upon individual operator typologies and customer access requirements, with no universally superior stack positioning applicable across all retail concept types.

What future supply pipeline exists within the Geylang precinct, and how might this affect long-term CT Hub 2 positioning?

The Geylang precinct continues to experience gradual urban intensification through government land sales and redevelopment initiatives, though purpose-built, modern retail supply remains relatively constrained due to planning restrictions and development cost considerations. Future supply expectations within the immediate 500-metre radius remain limited over the next 5–10 years, suggesting that CT Hub 2 will maintain scarcity value and pricing resilience relative to competing locations. Broader district-level improvements—including potential MRT extensions, bus rapid transit enhancements, and neighbourhood amenity development—are anticipated to expand the overall catchment population and customer base, benefiting retail developments including CT Hub 2 through expanding market size. Operators and investors can proceed with confidence that CT Hub 2 represents a defensible, supply-constrained position within a precinct experiencing cumulative amenity and accessibility improvements.

What tenant profile and business type would most successfully operate from CT Hub 2 retail units?

CT Hub 2's neighbourhood positioning, unit sizing, and integrated infrastructure prove particularly suitable for service-oriented businesses including beauty and wellness providers, professional services (legal, accounting, consulting), educational franchises, and specialist food and beverage operators. Consumer retail concepts—including fashion, lifestyle goods, and curated specialty retail—thrive in the precinct's established foot-traffic corridors and neighbourhood demographic characteristics. The development's modern IT and AV infrastructure supports concept-based retailers integrating digital customer engagement, experiential retail elements, and technology-enabled service delivery. Conversely, large-format retail, luxury flagship concepts, and anchor tenants requiring substantial retail footprint discover unit specifications constraining and neighbourhood positioning insufficiently premium. The development ultimately optimises for nimble, concept-driven operators seeking efficient cost bases and established accessibility rather than flagship or anchor brand deployments.

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