Type

Units

Min Area

Price Range

Other

1066 sqft

S$1.4M

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$1.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$284K on this acquisition.
Located 3 min (260 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

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CT Hub 2: Modern Light Industrial Space in Lavender's Thriving Business Corridor

CT Hub 2 represents a significant opportunity within Singapore's light industrial sector, offering contemporary B1-classified units positioned in one of the island's most accessible and established commercial precincts. Located at 114 Lavender Street, this development taps into a locale that has become synonymous with mixed-use enterprise, logistics, and value-added manufacturing. The project delivers purpose-built workspace for businesses seeking operational efficiency without the premium pricing attached to newer developments in competing zones.

The Lavender precinct has evolved substantially over the past decade, establishing itself as a preferred hub for companies requiring flexible, cost-effective commercial footprint. CT Hub 2 sits within this ecosystem, where existing businesses, logistics operators, and light manufacturers have already established demand patterns and operational networks. This maturity translates into reliable tenant acquisition cycles and predictable market rental rates, making the development particularly attractive to investors and owner-operators alike.

Accessibility and Strategic Location

Situated just 260 metres from Bendemeer MRT Station (DT23), CT Hub 2 benefits from immediate mass transit connectivity that fundamentally reshapes its appeal to both occupiers and investors. A three-minute walk to the Downtown Line represents a material advantage in Singapore's commercial real estate landscape, where accessibility directly influences tenant willingness to pay and capital appreciation trajectories. The station serves as a gateway to the central business district, allowing employees and clients swift access without reliance on private transport.

The precinct's infrastructure extends beyond the MRT; Lavender Street itself forms part of a broader industrial corridor serviced by major roads, enabling efficient goods movement and logistics operations. For businesses in distribution, light manufacturing, or trade-related sectors, this combination of rail connectivity and road access creates an optimal operational environment. The location eliminates the isolation risk that can plague more distant industrial estates, supporting both occupancy rates and long-term property appreciation.

B1 Classification and Operational Flexibility

The B1 light industrial classification affords CT Hub 2 units a degree of flexibility that differentiates them from heavier industrial categories. This zoning permits a spectrum of compatible activities—from small-scale assembly and warehousing to service industries, showrooms, and office-based operations. Prospective tenants and owner-occupiers thus benefit from a broader addressable market, reducing the risk of prolonged vacancy or tenant mismatch. The classification also implies stricter environmental and operational controls, which can enhance the development's standing within the precinct and maintain property values relative to less-regulated alternatives.

Units typically range around 1,066 square feet, a dimension that suits individual businesses seeking modest but functional operational bases. This sizing proves particularly valuable for startups, e-commerce fulfilment operations, and small manufacturers unable to justify larger leasehold commitments. The modularity of the development—with multiple units at comparable scales—enables business clustering and creates a community dynamic that can drive cross-tenant relationships and informal networking.

Investment Appeal and Rental Yield Prospects

For investors, CT Hub 2 presents a compelling risk-return profile within the industrial property category. Light industrial rents in the Lavender precinct typically trade within a predictable band, supported by consistent tenant demand from the local business ecosystem. Occupancy rates across established industrial developments in this zone have historically remained stable, providing income visibility that appeals to conservative portfolios. The combination of affordable entry pricing and modest but reliable rental cash flows makes the development particularly suited to investors seeking yield without excessive leverage or development risk.

The tenant demographic in this locale tends toward stability—established small to medium enterprises rather than transient operators. This stability underpins rental collection consistency and reduces management complexity for property owners. Rental growth, whilst modest compared to residential or premium office categories, tracks inflation and sector-wide wage growth, providing genuine capital preservation rather than speculative appreciation.

Financing and Buyer Suitability

CT Hub 2 caters to a diverse buyer cohort. Owner-operators seeking to eliminate rent obligations and build equity find the entry price point accessible alongside modest bank financing requirements. The development equally suits portfolio investors layering light industrial exposure into diversified real estate holdings, where B1 units offer different risk and return characteristics compared to residential assets. Expatriate business owners establishing local operations, particularly in trade and distribution sectors, frequently view owned commercial space as strategic operational infrastructure rather than speculative investment.

For first-time commercial property buyers, the mature precinct and straightforward B1 designation reduce execution risk relative to newer or more speculative developments. The absence of residential noise or mixed-use complexity means management remains operational rather than lifestyle-focused, appealing to investors prioritising steady returns over capital appreciation or amenity-driven narratives.

Market Context and Competitive Positioning

Singapore's light industrial sector has consolidated meaningfully around established precincts—Bendemeer, Senoko, Tuas, and Jurong East dominate supply and tenant concentration. CT Hub 2's positioning within the Bendemeer cluster provides immediate competitive advantage through proximity to existing tenant networks and established supply chains. Newer developments in emerging zones may offer larger unit sizes or contemporary finishes, but they lack the tenant density and operational ecosystem that CT Hub 2 inherits. This network effect translates into faster leasing cycles and lower vacancy risk for investors.

Pricing across light industrial developments in this cluster has moderated relative to central business district office space, reflecting genuine yield advantages and lower capital requirements. CT Hub 2 sits within this value corridor, offering entry-level pricing that attracts cash-constrained operators and yield-focused investors who might otherwise pursue asset classes outside Singapore's core.

Future-Proofing and Sector Dynamics

Singapore's light industrial sector faces evolving demand patterns driven by e-commerce, last-mile logistics, and nearshoring of regional manufacturing. The Bendemeer precinct, with its established infrastructure and available labour supply, remains positioned to capture these secular trends. CT Hub 2, embedded within this ecosystem, stands to benefit from sector-wide structural demand rather than relying on singular tenant or lease cycles. The development's adaptability within B1 zoning ensures relevance as business models and operational needs shift.

Units at CT Hub 2 present genuine utility to occupiers and measurable income to investors, underpinned by a proven precinct and accessible location. Whether purchased as operational asset or portfolio holding, the development delivers straightforward commercial property exposure without speculative narratives or execution risk.

Frequently Asked Questions

What rental yield can an investor realistically expect from a B1 unit at CT Hub 2?

Light industrial rents in the Bendemeer precinct typically achieve 4–6% gross yield depending on unit size, tenant profile, and lease terms negotiated at acquisition. CT Hub 2's accessible location and established tenant ecosystem support consistent occupancy rates, reducing vacancy drag that erodes returns in more remote industrial estates. Investors should model conservative 85–90% occupancy and account for outgoings (property tax, maintenance, insurance) which typically run 15–20% of gross rent, netting closer to 3–4.5% after-cost yield—competitive for light industrial but lower than newer premium office categories that attract higher rents but carry execution risk.

How does the per-square-foot pricing at CT Hub 2 compare to recent B1 transactions in the Lavender area?

Light industrial psf pricing in Bendemeer has stabilised around S$1,300–S$1,450 per square foot for stabilised, well-located units, with newer or freestanding buildings occasionally testing S$1,600 and older converted properties trading lower at S$1,100–S$1,250. CT Hub 2's positioning places it comfortably within mid-range market rates, reflecting its age, MRT proximity, and tenant accessibility without commanding premium pricing attached to flagship developments. Recent comparable transactions within 500 metres of Bendemeer MRT have shown modest 2–3% annual appreciation, suggesting CT Hub 2 pricing sits neither aggressively high nor significantly discounted—indicating fair market valuation rather than speculative opportunity or distressed pricing.

What Additional Buyer's Stamp Duty (ABSD) applies if I purchase a unit at CT Hub 2 as a second property?

Light industrial B1 units are classified as non-residential property, so they do not incur ABSD (which applies to residential property). However, if you are a Singapore Citizen purchasing this as a second residential property simultaneously with a residential home, ABSD of 20% would apply to the residential purchase, not the B1 unit. If CT Hub 2 is your sole acquisition and you hold no other residential property, no ABSD is triggered. Buyers should confirm their specific residency status and existing property portfolio with their conveyancing solicitor, as ABSD rules are sensitive to citizenship and timing of multiple purchases.

Does CT Hub 2 carry lease decay risk and how might this affect long-term resale value?

The lease tenure of CT Hub 2 units would need to be confirmed with the development's documentation; if leasehold, the remaining duration significantly impacts medium to long-term resale prospects. Light industrial properties with declining lease periods below 60 years typically face headwinds in refinancing and buyer demand, as institutional investors and owner-occupiers alike prefer longer tenures to justify renovation or operational investment. If CT Hub 2 operates under a 99-year leasehold with recent commencement, decay risk is minimal for the next 20–30 years; however, purchasers acquiring units with substantially remaining tenure should stress-test resale scenarios at 50-year and 30-year lease breakpoints, where liquidity can tighten materially and pricing can compress 15–25%.

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

The 260-metre walk to Bendemeer MRT (DT23) is a material demand lever for light industrial property, as it eliminates parking constraints and enables employee access without private transport reliance—a significant cost factor for small operators. Properties within 400 metres of an MRT station typically command 10–15% pricing premium relative to comparable units 800+ metres away, reflecting genuine occupational benefits and lower tenant churn. Capital appreciation in MRT-proximate precincts has historically outpaced non-MRT industrial estates by 1–2% annually over 10-year cycles, as land scarcity forces intensification around transit hubs and employers prioritise accessible locations for workforce attraction and logistics efficiency.

Which buyer profiles are best suited to purchasing a unit at CT Hub 2?

Owner-operators in light manufacturing, distribution, or service sectors find CT Hub 2 ideal, as it eliminates rental leakage and provides equity-building whilst housing their operational core; this profile values operational stability over capital appreciation. Portfolio investors targeting yield diversification within commercial real estate appreciate B1 units as lower-leverage, income-generating assets that hedge against residential market volatility and provide inflation-protected cash flow. High-net-worth individuals establishing regional headquarters or consolidating Singapore business operations often purchase units to occupy themselves, treating real estate as operational infrastructure rather than speculative asset. First-time commercial property investors gain confidence from the precinct's maturity and straightforward zoning, reducing execution risk compared to emerging zones or complex mixed-use developments.

What Total Debt Service Ratio (TDSR) headroom might an investor have at typical CT Hub 2 price points?

Assuming a unit priced around S$1.4–S$1.5 million with 25-year bank financing at 80–85% loan-to-value, typical monthly loan servicing runs S$5,500–S$6,200. For an investor with S$400,000+ annual income (a reasonable threshold for this price band), TDSR at 60% headroom permits total monthly debt servicing of approximately S$20,000, leaving substantial capacity for concurrent mortgage or business loans. The rental income from the unit (approximately S$4,000–S$5,000 monthly) can be factored into debt-servicing calculations as offset income, improving net TDSR position and freeing balance-sheet capacity for other investments or operations. Investors with modest existing debt loads and solid income documentation typically find financing at this price point and yield level achievable without stress.

How does CT Hub 2 compare to other B1 developments in the Bendemeer precinct or nearby Geylang?

The Bendemeer precinct hosts several comparable light industrial developments, including standalone converted shophouses and purpose-built clusters, most offering units between 800–1,500 sqft at similar or marginally higher psf rates. Geylang, 1–2 km away, features older converted warehouse stock trading 10–15% lower due to age and slightly weaker MRT accessibility (DT22 Paya Lebar, 800+ metres from many units). CT Hub 2's advantage lies in contemporary building systems, uniform unit sizing, and direct Bendemeer MRT proximity, justifying its positioning versus older Geylang stock. Competing newer developments in Senoko or Jurong East offer larger units and modern facilities but command 20–30% higher psf pricing and serve occupiers with higher space demands; for modest-sized operators, CT Hub 2 delivers better per-unit value.

Are certain floor levels or unit stacks at CT Hub 2 likely to deliver better value or leasing velocity?

Ground-floor units in light industrial developments typically lease faster and command marginal price premiums (2–5%) due to direct goods access, reduced loading logistics, and client visit convenience—valuable for showroom or customer-facing operations. Mid-level units (2–3 floors up) often achieve comparable rental rates with slightly lower occupancy risk if ground space is unavailable, whilst upper floors can face 5–10% rental headwinds due to loading difficulty and limited visibility. Within CT Hub 2, investors prioritising rapid leasing should target ground or first-floor units if available; however, if the building lacks a vertical mix, all units face relatively uniform demand. Corner units or those with dedicated loading access command modest premiums and lease faster than interior mid-building positions, justifying slightly higher acquisition prices through accelerated yield-in.

What is the future supply pipeline for light industrial property in the Bendemeer or Lavender district, and could it pressure CT Hub 2 valuations?

Singapore's light industrial pipeline is moderate relative to residential or office; the Urban Redevelopment Authority's released plans show limited greenfield industrial sites remaining in established precincts like Bendemeer, with most new supply concentrated in Tuas and eastern zones. Bendemeer itself faces gradual plot-by-plot conversion to mixed-use or residential, suggesting constrained supply growth that supports existing valuations and rental stability. However, national e-commerce and logistics demand is driving modernisation of ageing stock in accessible precincts, creating potential for selective redevelopment of lower-value clusters—a medium-term tail risk. For CT Hub 2 specifically, the development's location and contemporary specification position it favourably against potential displacement; investors should monitor URA master plans for any precinct rezoning, but baseline supply pressure in Bendemeer remains light, supporting long-term value retention and rental growth tracking inflation.

Light Industrial At 114 Lavender Street — From S$1.4M