Type

Units

Min Area

Price Range

Other

850 sqft

S$1.1M – S$2.5M

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$1.1M to S$2.5M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$220K on this acquisition.
Located 2 min (170 m) from DT23 Bendemeer MRT Station.

Price Trends & Rental Yield

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CT Hub: Premium Light Industrial Space in Kallang's Thriving Commercial Corridor

CT Hub represents a compelling proposition for investors and business operators seeking light industrial accommodation in one of Singapore's most vibrant city-fringe precincts. Located at 2 Kallang Avenue, this development sits within an exceptionally well-connected neighbourhood, offering immediate access to both Bendemeer MRT Station (just 170 metres away) and Lavender MRT Station within comfortable walking distance. This strategic positioning ensures seamless commuting for tenants and staff, while enhancing the property's appeal to a broad spectrum of potential occupiers.

The development's architectural credentials are reinforced by an impressive corporate façade, with retail and food-and-beverage amenities anchored on the first and second floors. This integrated mixed-use design elevates the precinct's commercial appeal and creates a genuine destination within Kallang, rather than a purely industrial enclave. The podium structure provides natural foot traffic and visibility, supporting both owner-occupier enterprises and investment returns for portfolio holders.

Thoughtfully Designed Units with Contemporary Fit-Out

Units at CT Hub are offered in fully fitted condition, eliminating the need for costly tenant fit-outs and enabling immediate occupancy for operational use or rental deployment. The specification includes regular-shaped, column-free floor plates that maximise flexibility for diverse business operations, from corporate offices to light manufacturing or logistics operations. Standard inclusions feature well-equipped office infrastructure, air conditioning systems, dedicated meeting rooms, functional pantries, and attached toilet facilities—all the essentials for a professional working environment.

The column-free design is particularly valuable for light industrial users, as it permits unobstructed workflow and efficient space planning without the typical constraints found in older Kallang properties. This flexibility translates directly to stronger lettings appeal and more robust capital value, particularly for investors targeting operational tenants or corporate sub-lessees seeking efficient, contemporary accommodation.

Unrivalled Location: City Fringe with CBD Proximity

Kallang's positioning as a city-fringe district has undergone a profound transformation in recent years, and CT Hub capitalises on this evolutionary trajectory. The suburb sits at the intersection of established commercial activity and emerging residential demand, creating a unique supply-demand dynamic. Proximity to the Marina Bay financial district and the CBD is achievable within 10 to 15 minutes by MRT, while the suburb retains its industrial heritage and operational cost advantages over pure CBD alternatives.

The surrounding neighbourhood is densely populated with essential amenities that support both business operations and employee satisfaction. FairPrice City Square Mall, located approximately 800 metres away, provides grocery and general retail options, whilst Aperia Mall (roughly 400 metres distant) offers comprehensive shopping and dining facilities. Traditional local establishments—kopitiams, canteens, and casual eateries—dot the precinct, reinforcing Kallang's reputation as an unpretentious, highly functional commercial hub.

White Site Upside and Future Development Potential

Investors and occupiers should note the significant upside potential presented by planned white site developments along the Kallang riverside. This waterfront regeneration initiative is expected to introduce mixed-use residential and commercial schemes, fundamentally reshaping the district's character and property valuations over the medium to long term. Properties positioned at the gateway to this transformation—such as those at CT Hub—stand to benefit materially from capital appreciation and enhanced tenant demand as the precinct becomes increasingly attractive to both corporate occupiers and residential populations.

The proximity to this emerging development corridor also positions CT Hub units as attractive alternatives for investors seeking exposure to Kallang's appreciation cycle without the construction-phase uncertainty or extended development timelines associated with new launch projects.

Leasehold Tenure and Investment Considerations

Units are held on a 99-year leasehold tenure, with the lease commencing on 14 January 1976. This structure means the current lease balance stands at approximately 50 years—a material consideration for both owner-occupiers and investors, particularly when evaluating refinancing options or long-term capital retention. Whilst 50 years remains serviceable for medium-term operational use and investment horizons, prospective buyers should factor lease decay considerations into their valuation models and be aware that institutional finance may tighten terms as the lease approaches the 40-year threshold.

For investors planning to hold through the next economic cycle or longer, lease extension opportunities and the Government's progressive stance towards leasehold extensions should be monitored. The GST-registered ownership structure of the development also simplifies tax compliance and may enhance institutional appeal for corporate tenants seeking GST-registered landlords.

Investment Fundamentals and Market Positioning

Light industrial accommodation in Kallang commands strong underlying demand from logistics operators, e-commerce fulfilment businesses, and manufacturing enterprises seeking accessible, efficient space without premium CBD costs. The fully fitted condition and modern amenities at CT Hub position these units competitively against both newer competing developments and older refurbished stock across the broader Kallang-Geylang corridor. Rental yields for well-maintained light industrial space in this locality typically range between 4% and 6% gross, depending on lease length, tenant profile, and specific unit specifications—though actual performance will vary based on market conditions and individual asset management.

The development's GST-registered status and formal corporate environment also appeal to larger corporate operators seeking flexible light industrial or office accommodation, expanding the potential tenant universe beyond traditional manufacturing or logistics users. This broadened appeal underpins both rental stability and capital value support across market cycles.

Why CT Hub Stands Out

CT Hub combines the operational efficiency of purpose-built light industrial architecture with the convenience of city-fringe connectivity and genuine mixed-use amenities. The fully fitted specification, column-free layouts, and professional management infrastructure minimise friction for both owner-occupiers and investors. Positioned at the cusp of Kallang's evolving riverside regeneration, these units offer a balance of current yield and future capital appreciation potential that appeals across multiple buyer profiles. For institutional investors, owner-occupier businesses, or upgraders seeking light industrial accommodation without the premium costs of the CBD or the uncertainty of emerging precincts, CT Hub merits serious consideration.

Frequently Asked Questions

What is the estimated rental yield for light industrial units at CT Hub if purchased as an investment?

Light industrial accommodation in Kallang's market tier typically commands gross rental yields between 4% and 6% annually, depending on lease length, tenant profile, and unit floor plate size. CT Hub's modern specification, full fit-out, and proximity to major MRT stations position these units at the upper end of this yield range, particularly when let to corporate occupiers or established logistics operators. A unit purchased at the development's current pricing would need to be let to a creditworthy tenant with a sufficiently long lease term to achieve yields toward the 5.5% to 6% mark; shorter-tenure lettings or tenant-uncertain periods naturally compress returns. Investors should model assumptions conservatively, accounting for void periods and potential tenant turnover in their acquisition decision-making.

How does CT Hub's pricing per square foot compare to recent light industrial transactions in Kallang?

At approximately S$1,130 per square foot (based on the 1,012 sqft unit shown), CT Hub positions itself within the mid-to-premium range for modern, fully fitted light industrial accommodation in Kallang. Recent transacted prices for comparable B1 units in the Kallang precinct have ranged between S$900 and S$1,400 per sqft, depending on lease balance, tenant-in-situ status, and specific amenities. CT Hub's pricing reflects its contemporary specification, professional management, integrated retail podium, and strategic MRT connectivity—factors that justify a premium over older, unfitted stock. Investors should compare pricing against specific comparable transactions rather than broad averages, as lease balance and tenant covenants materially influence per-sqft valuation in the light industrial sector.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen purchasing a second CT Hub unit as an investment?

A Singapore Citizen acquiring a second residential property is subject to Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For a CT Hub unit priced at approximately S$1.14 million, this would translate to an ABSD liability of around S$228,000, substantially increasing the total cash outlay at point of acquisition. It is important to note that light industrial B1 units are typically classified as non-residential for ABSD purposes, meaning this 20% duty may not apply if the property is purchased as a commercial investment rather than a residential second property. Purchasers should obtain professional tax and legal advice to clarify the classification of their specific intended use before committing to acquisition, as the ABSD treatment hinges on whether the unit is registered and used as residential or commercial accommodation.

What lease decay risk exists given the 50-year remaining lease balance, and how does this affect resale value?

With approximately 50 years remaining on the 99-year leasehold tenure, CT Hub units currently sit comfortably within the institutional lending sweet spot—most banks will readily finance properties with 50+ years on the lease. However, decay becomes a material concern as the lease falls below 40 years, at which point refinancing becomes more restrictive, tenant appetite softens, and capital values typically compress more rapidly per year of lease lost. For investors with medium-term horizons (5 to 10 years), lease decay represents a manageable headwind; however, longer-term holders should monitor lease extension options and be aware that the Government's leasehold extension framework may provide relief, though at a cost. Resale values will depreciate faster in the final decade of a 99-year lease than in the initial decades, so exit planning should factor this trajectory into return assumptions.

How does proximity to Bendemeer MRT and Lavender MRT affect tenant demand and capital appreciation?

Immediate accessibility to dual MRT stations (170 metres to Bendemeer DT23, and walking distance to Lavender) creates a compelling value proposition for corporate tenants and logistics operators, directly translating to stronger lettings demand and lower vacancy risk. Tenants—particularly those relying on employee commuting or frequent inter-office movement—demonstrate consistent willingness to pay a premium for accommodation within 5 to 10 minutes of MRT interchange points. This MRT adjacency also supports capital appreciation, as properties near major transit nodes have historically outpaced broader market growth rates during economic expansion and recovered more decisively after downturns. The dual-station advantage positions CT Hub favourably compared to light industrial stock in more peripheral Kallang locations or precincts with single MRT connectivity, enhancing both rental stability and long-term capital value retention.

Which buyer profiles—HNW investors, upgraders, first-timers, operational users—is CT Hub most suitable for?

CT Hub appeals across multiple buyer profiles, though with varying degrees of alignment. High-net-worth investors seeking light industrial exposure will appreciate the fully fitted specification, professional management infrastructure, and established tenant demand in Kallang—units can be acquired, let, and held with minimal operational friction. Owner-occupier businesses in logistics, e-commerce, or light manufacturing will value the column-free layouts, modern amenities, and city-fringe accessibility without CBD cost premiums. First-time commercial property buyers will benefit from the entry-level capital outlay relative to comparable CBD stock and the lower operational complexity of light industrial versus mixed-use or hospitality assets. Upgraders from older Kallang warehousing or industrial space will find the specification and amenities represent a material quality step-change. One profile where CT Hub may be less suitable: buy-to-let residential investors seeking long-term residential tenancy, as B1 light industrial units are fundamentally distinct from residential accommodation and attract different tenant bases with different lease-to-value economics.

What are the TDSR and financing headroom implications at typical CT Hub price points?

A CT Hub unit priced near S$1.14 million would trigger Total Debt Service Ratio (TDSR) constraints for a typical owner-occupier or leveraged investor. Assuming a 70% loan-to-value financing at current rates (approximately 4% to 4.5%), monthly servicing would be roughly S$4,400 to S$4,700, which—when added to other debt obligations—may consume 50% to 60% of gross monthly income for a mid-level executive or business owner. Most banks will cap TDSR at 60%, meaning household gross monthly income would need to exceed S$7,500 to S$8,000 to comfortably satisfy lending criteria. Owner-occupiers claiming rental income offsets (if sub-letting portions of the unit) may improve TDSR headroom, but lenders typically discount claimed rental income conservatively. Cash buyers or those with substantial equity will avoid TDSR constraints entirely, but leveraged acquisition requires careful debt-serviceability planning, particularly for investors relying on tenant rental income to cover debt service.

How does CT Hub compete with nearby light industrial developments in Kallang and Geylang?

CT Hub's primary competition within the immediate Kallang-Geylang precinct includes older, unfitted warehouse and factory buildings, as well as refurbished stock from the 1980s and 1990s. Compared to unfitted stock, CT Hub commands a pricing premium, justified by its modern specification, professional management, integrated retail podium, and turnkey occupancy—reducing tenant fit-out costs and time-to-let. Against newer competing B1 developments in adjacent precincts (e.g., Tai Seng, Eunos), CT Hub holds its own through superior MRT connectivity and established commercial amenities, though pricing may compress slightly if competing schemes offer similar specifications at lower price points. The development's city-fringe positioning and riverside regeneration proximity differentiate it from more purely industrial schemes deeper in Geylang or further east; investors should assess specific competing stock based on lease balance, tenant-in-situ status, and per-sqft pricing rather than neighbourhood comparisons alone.

Which unit stack, floor level, or floor plate size at CT Hub typically represents best value for buyers?

Ground and lower-floor units typically command a slight premium due to easier tenant access and goods movement, desirable for logistics or retail-facing tenants, though this premium may not always justify the higher capital outlay. Mid-floor units (second to fourth storey) often represent the best value-for-money, offering strong accessibility and MRT visibility whilst avoiding ground-floor premiums and top-floor constraints. Larger contiguous floor plates (above 1,000 sqft) are typically easier to let to substantial corporate or logistics tenants, supporting lower vacancy risk and higher institutional appeal than fragmented smaller units. Units with outdoor space, balconies, or roof-top rights may command premiums from specific tenant profiles (e.g., food-and-beverage, creative agencies) but may limit the broader tenant universe. Investors seeking straightforward, liquid investments should favour mid-floor, standard-specification units in the 800–1,200 sqft range, as these attract the widest tenant pool and command the most predictable rental and capital value.

What future supply pipeline and competing development activity exists in Kallang and surrounding districts over the next 3-5 years?

Kallang is undergoing significant regeneration, particularly along the riverside, with Government-backed white site developments expected to introduce mixed-use residential and commercial accommodation over the next 3 to 5 years. This supply pipeline will enhance the district's appeal and tenant demand, though it may also introduce new competing light industrial or commercial stock that could moderate rental growth in the medium term. However, the quality and specification of new riverside developments will likely target premium occupiers, potentially leaving mid-market and value-conscious tenants gravitating toward established B1 stock such as CT Hub, which occupies a price-to-quality sweet spot. Adjacent precincts (Tai Seng, Eunos) also have approved and pipeline projects; however, Kallang's central positioning and MRT connectivity provide structural advantages. Investors should view Kallang's supply pipeline as fundamentally positive for long-term capital appreciation and tenant demand, though acquisition timing relative to competing schemes' launch cycles will influence short-to-medium term rental yield pressure.

Light Industrial At Kallang Avenue — From S$1.1M