Type

Units

Min Area

Price Range

Other

8611 sqft

S$20M

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$20M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$4M on this acquisition.
Located 8 min (630 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: A Landmark Commercial Opportunity in Kallang

CT Hub represents a rare offering within Singapore's evolving commercial landscape, positioned on Kallang Avenue at the nexus of residential intensification and commercial expansion. This substantial retail property spans 8,611 square feet—a commanding floor plate that affords occupiers considerable operational scope and design flexibility. The development's location in the Kallang precinct places it within one of the island's most strategically valuable corridors, where transportation links, population density, and business activity intersect to create enduring tenant demand and capital appreciation potential.

The property's prominence on Kallang Avenue ensures visibility to both vehicular and pedestrian traffic, a critical asset for retail and dining operators seeking to capture footfall without reliance on buried mall positions. The immediate neighbourhood has undergone sustained residential growth, particularly as Housing and Development Board (HDB) upgrading initiatives and private residential launches drive working-age populations into the zone. This demographic momentum translates into stable, expanding consumer demand for retail, food and beverage, and personal services.

Transportation Connectivity and Accessibility

Proximity to Bendemeer MRT Station (DT23), located approximately 630 metres away, positions CT Hub within a highly accessible catchment. Whilst the walk is approximately eight minutes, this distance remains commercially viable for destination retail and speciality dining concepts. The Downtown Line connection provides seamless interchange capability to Dhoby Ghaut and onwards to the Central Business District, as well as connection into the wider cross-island network. This accessibility enhances both customer reachability and employee commuting feasibility, factors that prospective occupiers weigh heavily when committing to multi-year lease arrangements.

The Kallang station area continues to develop as a secondary commercial hub, with ongoing urban renewal projects and infrastructural investment supporting long-term appreciation. Tenants across retail, healthcare services, and professional offices have demonstrated consistent demand for properties within this catchment, reflecting confidence in the area's continued economic vitality.

Operational Flexibility and Tenant Suitability

The 8,611 sqft floor plate offers substantial versatility, accommodating everything from a single anchor tenant to a multi-unit subdivision depending on market conditions and occupier requirements. Modern retail operators, particularly in the F&B and lifestyle sectors, increasingly favour street-level properties with generous floor areas that permit experiential design and operational differentiation from competing mall locations. This property's dimensions allow for creative tenant mix strategies—high-street brands, local artisanal businesses, dining concepts with exhibition kitchens, or integrated retail-service models.

For investors considering owner-occupation or long-term commercial use, the space is equally suited to professional services, corporate showrooms, or wellness and beauty operators seeking high-profile frontage. The regulatory environment in this district remains favourable to mixed-use retail operators, providing additional tactical options for value-add strategies.

Investment Thesis and Income Generation

Commercial retail properties in established zones like Kallang have demonstrated resilience through economic cycles, with rental escalation typically outpacing residential segments over extended holding periods. The property's positioning on a main avenue—rather than within a landlocked mall—supports premium rental commands relative to comparable indoor mall spaces. Market rental rates for street-level commercial space in Kallang currently reflect the area's elevated foot traffic, accessibility, and tenant demand diversity.

Prospective acquirers should evaluate the property against comparable recent transactions in the Kallang, Geylang, and surrounding East Region commercial precincts to establish realistic yield expectations. Commercial properties of this calibre typically achieve net rental yields between 3.5% and 5.5%, depending on tenant quality, lease length, and occupancy certainty. Investors must factor in maintenance reserves, property tax, and tenant acquisition costs when modelling net cash flow.

Market Position and Competitive Context

Kallang Avenue has emerged as one of Singapore's more vibrant secondary commercial thoroughfares, attracting both established brands and emerging retailers seeking alternatives to saturated prime zones. Competing commercial properties in the vicinity tend to be either smaller shophouses (typically 1,500–3,000 sqft) or large format mall anchors. CT Hub's 8,611 sqft format fills a valuable niche—large enough to command premium rents and operational credibility, yet nimble enough to attract specialist tenants unwilling to commit to massive footprints.

Properties of comparable scale in nearby Geylang, Joo Chiat, and Katong have transacted in recent years at varying price points reflecting tenant mix, building age, and tenancy stability. Due diligence on comparable transactions will provide a practical benchmark for valuation and exit planning.

Regulatory and Tenure Considerations

As a commercial retail asset, CT Hub remains subject to Singapore's planning and building regulations, though the retail classification typically allows for flexible internal reconfiguration to accommodate tenant preferences. Regulatory approval timelines for tenant fit-outs and operational modifications are generally streamlined for commercial spaces, particularly where use classifications remain within the retail family.

Long-term investors should confirm the land lease tenure and remaining lease duration, as these factors fundamentally impact resale value and future refinancing optionality. Commercial properties on shorter-tenure leases may face valuation headwinds as the lease duration declines, though the rate of decay is less acute than residential holdings.

Future District Development and Capital Appreciation

The Kallang precinct continues to benefit from upstream public sector investment—transport upgrades, public housing schemes, and commercial district enhancement initiatives all support longer-term capital appreciation. The government's emphasis on polycentric development means secondary zones like Kallang receive sustained infrastructure and economic support, differentiating them from speculative fringe locations. This trajectory suggests continued occupier demand and rental growth.

Investors with a five-to-ten-year holding horizon should benefit from both rental income accumulation and potential capital revaluation as the district matures and becomes increasingly recognised as an authentic alternative to overheated prime commercial zones. The combination of demographic growth, accessibility, and planned infrastructure improvements positions properties of this nature favourably within long-term portfolio strategies.

Frequently Asked Questions

What rental yield should an investor realistically expect from CT Hub if purchased as an investment property?

Commercial retail properties on street-level Kallang Avenue typically command net rental yields ranging from 3.5% to 5.5%, depending on tenant quality, lease length, and occupancy certainty. The precise yield achievable on CT Hub will hinge on the calibre of tenant secured, prevailing market rental rates for comparable street-front retail in the district, and the investor's ability to maintain continuous occupancy. Due diligence should include canvassing recent rental transactions for 6,000–10,000 sqft street-level retail spaces in Kallang, Geylang, and contiguous East Region precincts to establish a realistic rental envelope. Investors must also reserve capital for maintenance, property tax, and tenant acquisition costs, which collectively reduce gross yield by 0.8–1.2 percentage points.

How does CT Hub's per-square-foot pricing compare to recent commercial transactions in Kallang and nearby areas?

Commercial real estate in Kallang has seen varied price points depending on location prominence, building condition, and tenant strength. Recent transactions for street-level retail spaces between 6,000 and 10,000 sqft in the Kallang and Geylang corridors have traded between approximately S$8,000 and S$12,000 per square foot, though prices at the premium end reflect either exceptional tenant covenants or particularly high-traffic locations. Valuation of CT Hub should be benchmarked against these comparables to establish whether the asking price reflects fair value or incorporates a premium for superior positioning, newer building infrastructure, or pre-committed tenancy. Engaging an independent commercial valuer to assess the property against recent arm's-length transactions is advisable before committing capital.

If I buy CT Hub as a second residential property, what is my Additional Buyer's Stamp Duty (ABSD) liability?

A Singapore Citizen purchasing CT Hub as a second residential property would incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%. However, as CT Hub is classified as a commercial retail property rather than a residential dwelling, it is not subject to residential ABSD. The distinction between residential (where ABSD applies to second and subsequent purchases) and commercial classification is critical. Verify with your legal advisor and the Inland Revenue Authority of Singapore (IRAS) whether CT Hub qualifies for stamp duty exemptions or concessions available to commercial purchasers, as certain business and investor exemptions may apply depending on your intent and circumstances.

What is the lease tenure of CT Hub, and does remaining lease duration pose any resale or financing risk?

Lease tenure is a material factor in valuing commercial properties, particularly if the property sits on leasehold land. Commercial properties with shorter remaining leases (below 50 years, for instance) may encounter challenges when refinancing or reselling, as financial institutions typically enforce minimum lease-duration covenants. Establish the exact lease duration and any renewal rights before acquisition. If CT Hub holds a 99-year lease, approximately 70+ years should remain, which typically poses no meaningful financing impediment for most lenders. Conversely, if the lease is significantly shorter, budget for potential lease extension costs or factor anticipated lease decay into your long-term holding strategy and exit planning.

How does proximity to Bendemeer MRT Station (DT23) influence tenant demand and long-term capital appreciation?

Whilst CT Hub is situated 630 metres (approximately 8 minutes' walk) from Bendemeer MRT, this distance remains commercially viable and actually enhances value for many specialist retailers and dining concepts seeking street-level presence without competing for scarce mall anchor spaces. The Downtown Line connection to the CBD and wider network ensures that customers and employees can access the property conveniently via public transport, a factor prospective tenants emphasise. Long-term capital appreciation is supported by the consistent public investment in transport infrastructure and residential development around secondary MRT nodes; as Kallang continues to urbanise and densify, foot traffic and commercial demand typically strengthen. Properties within 500–800 metres of MRT stations have historically appreciated more steadily than those further afield, suggesting the DT23 proximity provides meaningful upside over a multi-year holding period.

Is CT Hub suitable for different buyer profiles—high-net-worth individuals, owner-operators, or property investors?

CT Hub's 8,611 sqft commercial footprint appeals to distinct buyer personas. High-net-worth investors may view it as a blue-chip commercial diversifier offering steady rental income and inflation-hedge characteristics within a managed city precinct. Owner-operators—restaurateurs, lifestyle brand founders, or professional services practitioners—can occupy the space themselves whilst capturing occupancy value and branding benefits. Property investors seeking yield can acquire the property fully leased to an established tenant, mitigating void risk. The substantial floor area permits subdivision into multiple smaller retail units if market conditions favour a multi-tenant approach, allowing investors to diversify income streams and reduce concentration risk. First-time commercial property buyers should expect steeper learning curves around tenant negotiations, lease documentation, and maintenance obligations compared to residential acquisitions, so professional advisory support is worthwhile.

What are typical debt serviceability and financing headroom considerations for a CT Hub purchase at this price point?

Commercial property financing generally offers more lenient loan-to-value (LTV) ratios than residential, with many financial institutions advancing up to 70–80% of the property's valuation. At CT Hub's price point (substantially above most residential acquisitions), a well-capitalised buyer with strong income documentation should secure competitive interest rates, typically 2.5–3.5% above the Singapore Interbank Offered Rate (SIBOR), depending on loan tenor and market conditions. Debt serviceability calculations will rest on the investor's declared income and rental income supportability—lenders typically apply a 70–80% occupancy assumption to rental projections when assessing serviceability. Ensure your financing structure leaves adequate equity buffers for tenant acquisition, fit-out contingencies, and void periods. Consultation with a commercial mortgage broker is advisable to optimise loan terms and compare offerings across multiple lenders.

How does CT Hub compare to competing commercial developments and standalone retail properties in East Region?

Kallang's commercial landscape includes standalone shophouses, boutique retail blocks, and integrated shopping mall anchors, each with distinct tenant bases and investment dynamics. Standalone properties like CT Hub typically command premium positioning relative to buried mall units—customers can access the property directly from the street, visibility is unmediated, and operators enjoy greater autonomy over branding and hours of operation. Competing standalone retail in nearby Geylang, Joo Chiat, and Katong corridors have traded at varying multiples depending on tenant stability and location prestige, but Kallang Avenue's primary thoroughfare status and proximity to Bendemeer MRT generally support valuations at the upper range of East Region comparables. Cap rates (rental yield divided by purchase price) on competing properties in the vicinity typically range from 3.5–5.5%, providing a realistic benchmark for evaluating CT Hub's attractiveness on a risk-adjusted basis.

Which unit positions or floor levels within CT Hub offer optimal value or operational advantage?

For retail properties, ground-floor positioning is almost universally paramount—it captures foot traffic directly, requires no lift dependency for customer access, and commands premium rental rates reflecting that operational superiority. If CT Hub comprises multiple levels, ground-floor retail tenancies will typically achieve 15–30% higher rents than upper-floor spaces, reflecting the exponential decline in walk-by capture at elevation. Second and third-floor spaces suit complementary uses—professional services, wellness, or beauty concepts where customers have intentional foot traffic rather than impulse-visit behaviour. When evaluating specific unit positions within CT Hub, prioritise ground-floor retail facing the primary street frontage, as these assets are easiest to release and most resilient to tenant churn. If the property includes ancillary upper-floor or back-of-house space, ensure your purchase assessment reflects realistic tenant demand and rental economics for those zones separately.

What is the near-term future supply pipeline in the Kallang district, and could new competing retail space impact CT Hub's long-term value?

Kallang is undergoing planned residential intensification through HDB upgrading and private residential launches, which typically generate downstream retail demand as population expands. However, you should audit the URA's planning portal and recent conservation decisions to identify any large-scale new commercial or shopping mall developments planned in the immediate vicinity that could fragment retail demand. Major new mall openings or large-format retail parks within a 1–2 kilometre radius could soften rental rates and increase tenant acquisition costs. Conversely, residential-only developments without competing retail components will bolster demand for neighbourhood retail like CT Hub. Over a 5–10 year holding horizon, the East Region's long-term urbanisation trajectory—supported by government polycentric development policy—suggests that quality standalone retail properties will appreciate as alternatives to saturated CBD and Orchard zones become increasingly attractive to both retailers and investors.

Mall Shop At 2 Kallang Avenue — From S$20M