Type

Units

Min Area

Price Range

Studio

312 sqft

S$3,650 – S$2.2M

Other

969 sqft

S$1.4M – S$1.5M

Type

Units

Min Area

Price Range

Other

312 sqft

S$3,650/mo

Property Highlights

Commercial development with 10 units currently available.
Prices currently range from S$3,650 to S$2.2M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$730 on this acquisition.
90% of current units are for sale, from S$3,650; 10% are for rent, from S$3,650/mo.
Located 3 min (260 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

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CT Hub 2: Light Industrial Excellence in Lavender

CT Hub 2 represents a purposefully designed light industrial development strategically positioned at 114 Lavender Street, serving as a compelling workspace solution for businesses in the food manufacturing and processing sectors. This development offers ground floor units that combine practical operational functionality with convenient urban accessibility, making it an attractive proposition for growing enterprises seeking a base in Singapore's established business corridors.

The development's location on Lavender Street provides immediate proximity to Bendemeer MRT Station (DT23), situated merely 260 metres away and achievable within a three-minute walk. This proximity to the Downtown Line delivers meaningful connectivity advantages for staff mobility and client accessibility, whilst the surrounding area offers a rich tapestry of complementary business services, dining establishments, and retail amenities. The neighbourhood's established commercial character creates an environment where light industrial operations integrate naturally with broader economic activity.

Architectural Design and Operational Capacity

Units within CT Hub 2 are distinguished by architectural features specifically calibrated for food industry operations. Generous ceiling heights throughout the development facilitate enhanced storage configurations and workflow arrangements, whilst the moderate floor loading capacity accommodates typical food manufacturing and processing equipment requirements. Ground floor positioning delivers particular operational advantages, including street-level visibility that enhances the development's commercial profile and immediate access to external logistics areas.

The inclusion of convenient ramp infrastructure ensures efficient goods movement and vehicle manoeuvring, critical considerations for businesses managing regular inventory flows. Partial fitting arrangements allow occupants to customise interior layouts according to specific operational requirements, whilst immediate availability enables rapid deployment for time-sensitive business ventures. Round-the-clock building access accommodates varying operational schedules, supporting enterprises with extended or non-standard working hours.

Transport Connectivity and Logistics Advantage

Beyond immediate MRT accessibility, CT Hub 2 benefits from strategic positioning relative to Singapore's primary expressway network. Both the Central Expressway (CTE) and the Pan-Island Expressway (PIE) remain within accessible proximity, facilitating efficient distribution logistics for businesses requiring regular goods movement to other island locations. This combination of public transport connectivity and expressway accessibility positions the development as highly attractive for enterprises balancing staff convenience against operational logistics requirements.

The Balestier and Toa Payoh precinct surrounding the development has evolved into a multi-functional business zone where light industrial enterprises operate alongside service providers, creating a synergistic commercial ecosystem. This mixed-use character reduces operational isolation often associated with purely industrial locations, whilst the area's maturity ensures reliable infrastructure, established supply chains, and a labour pool accustomed to supporting manufacturing operations.

Market Context and Investment Perspective

Light industrial space in mature, well-connected locations has maintained demonstrable appeal within Singapore's commercial property market, particularly where proximity to major transport hubs combines with operational practicality. CT Hub 2's positioning addresses these criteria comprehensively, offering ground floor units specifically optimised for businesses where visibility, accessibility, and immediate road or rail connections directly support revenue generation. The food industry focus reflects Singapore's continued importance as a regional food manufacturing and processing hub, supporting demand from enterprises ranging from artisanal producers to established manufacturers.

Investors considering this development should evaluate rental demand patterns within the Lavender and Bendemeer corridor, where established light industrial occupancy and corporate proximity typically sustain competitive rental rates. The development's partial fitting model supports varied tenant profiles, from start-up operations seeking cost-efficient entry to established manufacturers seeking secondary locations. Units remain eligible for strata-titled ownership structures, offering investors direct asset control and potential for long-term capital accumulation alongside rental income generation.

Operational Suitability and Business Applications

The development's design specifications position it as particularly suitable for food manufacturing enterprises, including bakeries, prepared food operations, beverage processing, and ingredient preparation facilities. The combination of high ceilings, moderate floor loading, and immediate vehicle access addresses core operational needs of these sectors without unnecessarily inflated space costs associated with heavy industrial facilities. Businesses requiring storage alongside processing activities benefit from the architectural flexibility, whilst the ground floor positioning supports client visits and supplier interactions essential for commercial food operations.

Beyond food manufacturing, the development's specifications serve light assembly operations, artisanal production, e-commerce fulfillment, and similar activities where visibility and accessibility carry commercial weight. The partial fitting approach enables cost-conscious operators to avoid capital expenditure on redundant specifications, whilst the modular nature of the spaces supports conversion between different use classes as business requirements evolve. The 24-hour access provision accommodates shift-based operations and off-hours deliveries, supporting operational flexibility often required by growing enterprises.

Financial and Ownership Considerations

Prospective occupants should factor rental rates against their operational margins, evaluating the development's value proposition relative to alternative light industrial spaces in comparable locations. The proximity to Bendemeer MRT Station typically commands a rental premium relative to more peripheral locations, reflecting the convenience premium associated with excellent public transport connectivity. Monthly rental commitment should be evaluated against projected revenue from the intended operational activities, with particular attention to potential rental escalation clauses and lease flexibility arrangements.

For purchaser-investors, the development offers potential capital appreciation aligned with broader commercial property market movements in the Lavender precinct, particularly as surrounding areas continue maturing. Acquisition strategy should account for intended holding periods and anticipated tenant demand patterns, evaluating whether rental income expectations justify capital deployment. The strata title structure provides direct ownership control unavailable in leasehold arrangements, supporting long-term portfolio accumulation strategies.

CT Hub 2 ultimately represents a considered light industrial offering designed around practical operational requirements rather than speculative appeal. Its ground floor positioning, transport connectivity, and food industry focus create a focused value proposition for businesses requiring accessible, functional workspace rather than premium corporate facilities. The development's market positioning reflects underlying business logic—supporting productive enterprise within an established, connected, and economically vibrant part of Singapore's urban landscape.

Frequently Asked Questions

What rental yield might an investor reasonably expect from purchasing a light industrial unit at CT Hub 2?

Light industrial space in well-connected Lavender locations typically achieves gross rental yields ranging from 4% to 6% annually, depending on unit size, tenant profile, and lease terms negotiated. CT Hub 2's proximity to Bendemeer MRT Station and expressway access positions it competitively within this range, as tenants—particularly food manufacturing enterprises—actively seek locations balancing operational practicality against transport connectivity. Prospective investor-owners should conduct detailed comparable analysis of recent leasing activity in the precinct, accounting for escalation clauses, lease duration, and tenant credit quality, as these variables significantly impact yield realisation and capital stability over holding periods.

How does CT Hub 2's rental rate per square foot compare against competing light industrial developments in the Lavender and Bendemeer area?

Pricing per square foot for light industrial space in the Lavender corridor typically ranges from S$4 to S$6 monthly depending on ceiling height, floor loading capacity, and proximity to major transport nodes. CT Hub 2's ground floor positioning and MRT accessibility position it toward the upper end of this spectrum, reflecting the operational convenience premium associated with immediate visibility and public transport connectivity. Recent comparable transactions in nearby industrial parks should be examined to contextualise current rate levels, acknowledging that food industry tenants often command specialist requirements—such as hygiene infrastructure and ramp access—which influence achievable rental rates relative to general-purpose light industrial stock.

What Additional Buyer's Stamp Duty (ABSD) implications apply if a Singapore Citizen purchases a unit as a second residential property?

A Singapore Citizen acquiring a unit at CT Hub 2 as a second residential property faces Additional Buyer's Stamp Duty at the current rate of 20% applied to the purchase price. This 20% ABSD represents a substantial financial consideration, significantly increasing the effective purchase cost beyond the headline unit price and requiring careful structuring within overall acquisition financing. The ABSD framework exempts first-time buyers and applies different rates to foreign persons and corporate entities, making individual buyer status analysis essential before capital commitment. Professional tax and legal advice should be obtained to explore all structuring options and confirm exemption eligibility, particularly where portfolio strategies involve multiple property acquisitions.

Does CT Hub 2 operate on a leasehold or freehold tenure, and what implications exist for long-term capital value?

The tenure structure—whether leasehold or freehold—fundamentally shapes long-term capital value trajectories and suitability for extended holding strategies. Should the development operate on leasehold tenure, prospective buyers must evaluate remaining lease duration and anticipated decay impact on resale value in later ownership years. Leasehold light industrial space typically faces steeper value depreciation as lease expiry approaches, as investors increasingly discount future earning potential when unexpended lease term reduces below 60 years. Conversely, freehold or extended-tenure structures eliminate this decay risk entirely, supporting capital preservation and allowing investors to optimise holding period flexibility without artificial time pressures.

How does proximity to Bendemeer MRT Station (DT23) influence long-term demand and capital appreciation for CT Hub 2?

MRT station proximity represents a primary driver of sustained demand and capital appreciation in light industrial property markets, as transport connectivity directly influences tenant convenience, employee mobility, and logistics efficiency. Bendemeer MRT's location 260 metres from CT Hub 2 positions the development within the primary accessibility premium zone, supporting elevated rental rates and attracting quality tenants willing to pay convenience premiums for excellent public transport access. This transport advantage typically translates to superior capital appreciation relative to peripheral industrial locations, particularly as Singapore's public transport network becomes increasingly congested and enterprise relocation toward accessible nodes accelerates. Long-term capital value appreciation should be modelled with explicit recognition of this MRT proximity benefit, as it sustains competitive positioning regardless of broader economic cycles.

Which investor profiles—HNW, upgraders, first-time buyers—are best suited to acquire units at CT Hub 2?

CT Hub 2 appeals primarily to experienced investors and owner-operators rather than novice property buyers, as light industrial acquisitions require sophisticated due diligence on tenant quality, lease structures, and operational risk. High-net-worth investors evaluating portfolio diversification toward real estate income streams find the asset class attractive, particularly where capital preservation and steady rental streams outweigh capital appreciation expectations. Owner-operators in the food manufacturing sector represent the most natural buyer cohort, as direct operational control enables business integration with premises occupancy, reducing tenant risk and enabling customised operational infrastructure. First-time property buyers generally should approach light industrial acquisitions cautiously, as the sector requires specialised knowledge around industrial tenancy markets and operational compatibility assessments that exceed typical residential property acquisition complexity.

What Debt Service Ratio (TDSR) and financing headroom typically apply at CT Hub 2's price points, and how do lenders evaluate light industrial acquisitions?

Banks typically extend financing for light industrial property acquisitions at loan-to-value ratios of 60% to 70%, more conservatively than residential properties, reflecting perceived investment risks and narrower tenant pools. Debt Service Ratio calculations applied by lenders commonly incorporate 80% of projected rental income as qualifying income, providing conservative buffers against vacancy and rental decline risk. At typical CT Hub 2 price points ranging from approximately S$1.1 to S$2 million per unit (depending on specific area), this results in required annual debt servicing capacity of S$45,000 to S$85,000 for investors targeting 70% loan-to-value financing. Prospective buyers must demonstrate substantial financial capacity and provide detailed operational plans where intended use involves owner-occupation, as lenders increasingly scrutinise industrial acquisitions against projected business performance and tenant diversification.

How does CT Hub 2 compare to nearby competing light industrial developments in terms of value proposition and location advantages?

The Lavender and Bendemeer corridor hosts several established light industrial clusters, though CT Hub 2's specific ground floor focus and food industry orientation create distinct positioning relative to general-purpose industrial parks located further from MRT stations. Competing developments typically sacrifice either proximity to major transport hubs or ceiling height specifications, whereas CT Hub 2 combines both attributes, creating premium value for food manufacturing tenants balancing operational requirements against staff accessibility. Detailed competitive analysis should examine recent leasing and sales activity across Woodlands, Geylang, and Ubi light industrial zones to contextualise rental rate adequacy and capital appreciation prospects. The development's positioning within the established Balestier and Toa Payoh commercial district—surrounded by corporate offices, logistics operations, and service providers—distinguishes it from industrial parks located in peripheral zones requiring longer commutes and offering reduced commercial synergies.

Which unit stack levels or floor positions within CT Hub 2 typically offer superior value for investors and owner-operators?

Ground floor positioning—which CT Hub 2 emphasises—commands significant operational and marketing premiums, as direct street access, natural visibility, and immediate vehicle loading reduce operational friction and enhance tenant appeal. Ground floor units typically sustain 10% to 15% rental premiums relative to upper levels in comparable industrial developments, reflecting the convenience value to food manufacturing businesses requiring regular deliveries and client interactions. For investor-owners prioritising rental yield and tenant retention, ground floor units represent optimal value despite higher acquisition costs, as superior tenant satisfaction and reduced operational friction support longer tenancies and lower turnover costs. Owner-operators should evaluate specific unit layouts within ground floor stock, prioritising configurations offering optimal ramp access, loading zones, and internal workflow arrangements aligned with their operational requirements.

What future supply pipeline exists in the Lavender and Toa Payoh districts, and how might new development affect CT Hub 2's long-term competitive position?

The Lavender and Toa Payoh precincts have matured significantly, with limited greenfield opportunities for new light industrial development, meaning supply expansion will occur primarily through conversion of existing structures or intensification within established zones. This constrained supply environment typically supports sustained rental rates and capital values for existing quality developments like CT Hub 2, as competition from new entrants remains limited. However, prospective buyers should monitor broader urban renewal initiatives and potential residential intensification in surrounding areas, which could increase property values but may gradually shift the precinct's character away from industrial dominance. Investor strategy should acknowledge this demographic shift and evaluate whether long-term holding aligns with anticipated precinct evolution, particularly where land value increasingly reflects residential or mixed-use redevelopment potential rather than pure operational industrial use.

Office At 114 Lavender Street — From S$3,650