Type

Units

Min Area

Price Range

Studio

1141 sqft

S$6,990

Type

Units

Min Area

Price Range

Other

1141 sqft

S$6,990/mo

Property Highlights

Commercial development with 2 units currently available.
Prices currently start from S$6,990.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,398 on this acquisition.
50% of current units are for sale, from S$6,990; 50% are for rent, from S$6,990/mo.
Located 3 min (290 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

CT Hub 2: Premium Office Space in Lavender's Emerging Business Quarter

CT Hub 2 stands as a contemporary commercial landmark along Lavender Street, positioning itself as a gateway property for businesses seeking operational flexibility without downtown premium rents. The development offers a range of office suites scaled to accommodate emerging companies, established SMEs, and multinational divisions requiring satellite operations across Singapore's secondary business corridors. Located just three minutes' walk from Bendemeer MRT Station on the Downtown Line, the project captures the growing momentum of Kallang's transformation into a vibrant mixed-use business and lifestyle hub.

The Lavender precinct has undergone substantial rejuvenation over the past decade, attracting creative industries, logistics operators, and light manufacturing sectors alongside traditional office tenants. CT Hub 2 benefits directly from this diversification, offering occupiers access to a district characterised by lower occupancy costs than the CBD, proximity to major transport nodes, and proximity to complementary amenities including F&B clusters and co-working spaces. The building's positioning between the residential precincts of Bendemeer and the industrial heartland of Kallang makes it particularly appealing to companies requiring efficient supply chain visibility or hybrid workforce arrangements.

Location and Transport Accessibility

The proximity to Bendemeer MRT Station remains one of CT Hub 2's most compelling advantages. With a mere 290 metres separating the building from the station entrance, occupiers benefit from seamless public transport connectivity to the CBD (approximately 15 minutes to City Hall or Raffles Place), Orchard shopping and business clusters, and the eastern residential zones. This accessibility reduces tenant commute friction and enhances the development's appeal to knowledge workers and distributed teams prioritising work-life balance. The Downtown Line's reliability and frequency make CT Hub 2 an attractive alternative to car-dependent office parks further out, particularly for companies seeking to lower carbon footprints and reduce parking infrastructure costs.

Beyond MRT connectivity, the location offers straightforward vehicular access via Lavender Street and proximity to arterial routes including Bukit Timah Road and the East Coast Parkway. This dual accessibility—both public transport and private vehicle friendly—appeals to occupiers with diverse commuting preferences and occasional client or contractor visits. The surrounding streetscape has evolved to support office workers, with cafes, restaurants, and convenience retailers clustering around the MRT station and along nearby commercial strips.

Office Configuration and Space Types

CT Hub 2's unit portfolio spans from intimate starter offices suitable for freelancers and micro-enterprises through to substantial open-plan floors accommodating 50+ person teams. This variety ensures the development captures demand across multiple occupier categories—from early-stage tech ventures to professional services firms establishing presence outside the CBD. Typical units range upward from approximately 1,141 square feet, allowing companies flexibility to right-size their workspace as business cycles evolve without the commitment of longer leases at premium downtown addresses.

The architectural design emphasises open floor plates with minimal structural columns, enabling occupiers to configure layouts according to operational needs. This adaptability has become increasingly valuable as hybrid working models normalise; companies appreciate the ability to reconfigure space fluidly between hot-desking zones, collaboration areas, and focused work pods. The building's mechanical, electrical, and plumbing systems are sized to accommodate typical office power densities, data centres, and climate control requirements without requiring costly augmentation.

Investment Fundamentals and Rental Dynamics

Office space in the Lavender precinct commands rental rates substantially below comparable CBD locations, typically ranging from S$6,000 to S$8,000 monthly for well-fitted units in modern developments. CT Hub 2 participates in this rental market, with yields attractive to investor buyers seeking steady passive income. The tenant base in this district skews toward cost-conscious growth-stage companies, tech startups leveraging affordable space to validate business models, and corporates operating satellite offices—all demographic segments demonstrating stable occupancy patterns even through market cycles.

Vacancy rates in secondary commercial districts like Lavender remain lower than perceived, particularly for quality space with genuine transport connectivity. Institutional investors increasingly view non-CBD office as essential portfolio diversification, recognising that quality secondary space captures secular shifts toward distributed working and regional headquarters models. This growing institutional appetite has stabilised capital values and rental growth in well-positioned developments like CT Hub 2.

Building Systems and Workplace Standards

Modern office space demands more than raw floor area; occupiers evaluate lighting, ventilation, internet infrastructure, and sustainability credentials as core selection criteria. CT Hub 2 incorporates contemporary HVAC systems, LED lighting compatible with occupier tuning and energy management, and hardwired data connectivity alongside redundant wireless coverage. Stairwell design emphasises safety and aesthetic appeal, common areas facilitate casual networking and visitor reception, and amenities typically include meeting rooms available on short-term rental, pantry facilities, and secure locker provision.

Sustainability considerations increasingly influence commercial occupancy decisions, particularly among multinational corporates subject to environmental, social, and governance (ESG) reporting obligations. CT Hub 2's modern construction standards enable efficient operation and support occupier sustainability commitments without requiring costly retrofitting.

Competitive Positioning Within Lavender and Kallang

The Lavender–Kallang corridor has attracted development interest given land availability, transport connectivity, and the district's established identity as an industrial and logistics hub now layering in office and residential elements. CT Hub 2 competes directly with other commercial buildings along the corridor but distinguishes itself through modern architecture, flexible configuration, and genuine proximity to MRT. Older office buildings in the precinct, though sometimes offering lower rents, frequently require occupiers to accept longer commutes, dated building systems, and less efficient space. CT Hub 2's capital investment in contemporary standards justifies a modest rental premium whilst remaining competitive against CBD alternatives.

Investment Suitability and Capital Appreciation Outlook

For investors and owner-occupiers alike, CT Hub 2 represents a calculated property play on secondary commercial real estate's long-term appreciation trajectory. Unlike office space in constrained CBD zones, secondary nodes benefit from genuine tenant expansion demand as companies seek cost-effective growth. The Kallang transformation narrative—converting industrial precincts into mixed-use destinations—remains in early innings, suggesting further capital appreciation as anchoring retailers, F&B operators, and residential towers complete.

Owner-occupiers benefit from operational cost savings relative to CBD locations whilst maintaining professional credibility and transport convenience essential for client-facing operations. This positioning appeals to growing firms transitioning from shared co-working space toward dedicated bases, as well as established companies consolidating scattered satellite offices into single, coherent locations.

Frequently Asked Questions

What is the estimated rental yield for an office investment at CT Hub 2?

Rental yields for office space at CT Hub 2 typically range between 4% to 6% depending on unit size, fit-out standard, and lease duration negotiated with tenants. A unit leasing at approximately S$6,990 monthly on a S$1.4 million valuation would generate approximately 6% gross yield before outgoings. Net yields (after property tax, maintenance contributions, and management fees) generally settle between 3.5% to 4.5%, competitive with secondary commercial precincts. Yield sustainability depends on maintaining high occupancy; the Lavender district's location advantage and growing tenant demand suggest strong lease renewal prospects and reduced vacancy risk compared to remote office parks.

How do pricing per square foot at CT Hub 2 compare to recent transactions in Lavender and Kallang?

Office space in the Lavender–Kallang corridor typically trades between S$1,200 to S$1,600 per square foot depending on building age, accessibility, and fit-out condition. CT Hub 2, as a modern development with genuine MRT proximity and contemporary building systems, commands pricing toward the upper end of this range, reflecting its architectural quality and tenant appeal. Recent comparable transactions show secondary commercial space in this district appreciating at 2% to 3% annually, outpacing inflation. The development's location 290 metres from Bendemeer MRT justifies a modest premium versus office parks situated five to ten minutes' walk from transport, as occupiers demonstrably value commute convenience and tenant recruitment ease.

What are the Additional Buyer's Stamp Duty implications if I purchase a CT Hub 2 unit as a second property?

Additional Buyer's Stamp Duty (ABSD) applies at 20% on the purchase price for a Singapore Citizen acquiring a second residential property, though CT Hub 2's office classification may exempt it from residential ABSD. However, the definition of commercial versus mixed-use residential space varies; buyers should confirm with a property lawyer whether their specific unit falls under commercial office or carries residential ABSD exposure. If ABSD applies at the full 20% rate, a unit valued at S$1.4 million would incur approximately S$280,000 in ABSD on top of base Stamp Duty. Non-citizens may face additional restrictions and higher ABSD rates on residential purchases, making commercial office acquisition a tax-efficient alternative for foreign investors seeking Singapore property exposure.

Is lease decay and resale value risk a concern for office units at CT Hub 2?

CT Hub 2 units carry standard commercial office tenure; most Singapore commercial developments operate on freehold or 999-year lease structures, providing exceptional longevity compared to residential leasehold. This eliminates the lease decay risk that affects 99-year residential properties significantly after the 30-year mark. Commercial properties are valued primarily on income generation (rental yield) rather than scarcity or remaining lease tenure, so resale demand for well-located office space remains robust even centuries into a lease cycle. Buyers should confirm the exact tenure structure during due diligence, but commercial office at a modern, transport-connected development like CT Hub 2 poses minimal lease expiry risk to capital preservation.

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

MRT accessibility remains a primary determinant of secondary commercial property value; developments within a five-minute walk of stations command 10% to 15% capital premiums compared to car-dependent alternatives. CT Hub 2's three-minute walk (290m) to Bendemeer positions it in the top quartile for accessibility, materially enhancing tenant recruitment, lease renewal velocity, and capital growth trajectory. The Downtown Line's extension toward eastern precincts suggests future development catalysts; if or when extensions reach further into the east, Bendemeer's relative position as a major interchange could strengthen. Occupiers increasingly value transport-linked office space as distributed workforce models incentivise locations offering commute convenience, making CT Hub 2 well-positioned to capture secular tenant demand shifts favouring secondary nodes with genuine accessibility.

Is CT Hub 2 suitable for first-time commercial property investors?

CT Hub 2 presents a balanced entry point for first-time commercial investors seeking diversification beyond residential. Office space involves simpler tenant dynamics than residential (no Housing and Development Board regulations, no residential tenancy protections complicating evictions) and appeals to professional occupiers with corporate financial stability. Unit sizes and price points—generally more compact and lower-priced than trophy office buildings—allow investors to achieve portfolio exposure without massive capital concentration. However, first-time investors should understand that commercial tenants typically negotiate three to five-year leases with periodic review clauses, so rental growth may lag residential inflation in tight markets. Working with a commercial property agent to understand local tenant composition, occupancy patterns, and rent-setting precedents is essential for informed first purchase decisions.

What TDSR and financing headroom should I expect for a CT Hub 2 office purchase?

Total Debt Service Ratio (TDSR) capping applies differently to commercial purchases than residential; most banks assess commercial property loans using debt service coverage ratio (DSCR) rather than TDSR, meaning rental income can offset debt servicing. A unit generating S$6,990 monthly rental income on a S$1.4 million purchase (approximately 6% gross yield) would support a loan of approximately S$900,000 to S$1,000,000 at typical bank interest rates (3% to 3.5%), requiring S$400,000 to S$500,000 cash capital from the buyer. Commercial lending is more flexible than residential mortgages, with loan tenures extending to 25 to 30 years and interest-only periods available for investors prioritising cash flow over rapid amortisation. Buyers should engage directly with commercial lending teams to assess their specific financing capacity based on income, credit profile, and existing debt obligations.

How does CT Hub 2 compare to nearby competing office developments like those in the broader Kallang zone?

The Kallang precinct hosts several office developments spanning different vintage, size, and tenant profiles. Older industrial-converted office spaces offer lower rents (S$4,000 to S$5,000 monthly) but require occupiers to accept building age, dated systems, and often less professional presentation. Mid-2010s developments compete more directly on pricing and quality, typically at S$5,500 to S$6,500 monthly for comparable floor plates. CT Hub 2, as newer construction with contemporary finishes and genuine MRT walkability, justifies pricing at the premium end (S$6,990 and upward) through tenant appeal and capital stability. Investors comparing CT Hub 2 to alternatives should evaluate not only rental pricing but occupancy patterns, tenant retention, and capital appreciation over the past three to five years; well-maintained, accessible modern space consistently outperforms older or remote alternatives in both rental and capital terms.

Which floor levels or unit stacks within CT Hub 2 offer best value for tenants and investors?

Lower floors (typically second to fifth floors) command modest rent discounts relative to higher levels whilst offering operational advantages including shorter lift wait times, easier client access, and reduced vulnerability to minor water pressure fluctuations common in tall buildings. Mid-range floors (sixth to twelfth) represent the sweet spot for most occupiers, balancing professional positioning with efficient utility costs and reasonable lift traffic. Upper floors appeal to premium tenants and investor buyers seeking showpiece addresses or superior natural light, though they typically command 5% to 8% rent premiums. For value-conscious investor buyers, mid-range units often generate superior yields because rental rate premiums don't fully offset the absolute price premiums for high-floor space. Ground-floor or mezzanine retail components sometimes appear in office developments; they typically command higher rents per square foot but entail retail-specific operational complexity and higher tenant turnover risk.

What is the future supply pipeline for office space in the Lavender–Kallang district, and how will it impact CT Hub 2?

The Kallang precinct is undergoing significant transformation, with multiple residential and mixed-use developments in planning or early construction phases. However, office-specific supply remains constrained compared to residential or retail; the district's heritage industrial zoning limits new commercial office construction to infill redevelopment and mixed-use projects. Major upcoming residential towers (including Government Land Sales sites) will generate upstream demand for satellite office space as companies serve growing populations, but incremental supply growth should remain gradual through 2030. This supply constrain supports long-term capital value stability for existing modern office developments like CT Hub 2. Investors should monitor Urban Redevelopment Authority master-planning announcements and major property developments in the precinct; accelerated residential or hospitality development could shift district character and occupier composition, though proximity to MRT and established logistics infrastructure should maintain office demand regardless.

[For Sale / Rent] Office At 114 Lavender Street — From S$6,990