Gemini @ Sims

GEMINI @ SIMS

GEMINI @ SIMS is a commercial property located at Lorong 17 Geylang in District. Primarily used for Light Industrial (B1) space, GEMINI @ SIMS is close to Aljunied MRT Station (EW9) and Kallang MRT Station (EW10). It is near to several bus stops located before Sims Avenue, Lorong 17 Geylang – 80269, at Sims Place Terrace – 80289 and before Lorong 23 Geylang, Sims Avenue – 80091.

Why Invest in Gemini @ Sims?

• Rare Freehold Development
• Location, Location, Location!!! Located at City Fringe
• Minutes Walk to Aliunied MRT Station
• One Station from Paya Lebar MRT Interchange (Circle, East-West Line) & Paya Lebar Central (Future Commercial Hub)
• Excellent Connectivity via PIE, KPE, CTE & ECP
• 10 mins drive from CBD
• 15 mins drive to Singapore Changi Airport
• Surrounded with Amenities
• No Additional Buyer's Stamp Duty
• Foreigners Eligible

Gemini @ Sims - B1 Property At Sims Drive

A factory located near the junction of Sims Drive and Geylang Lorong 17 (pictured) was sold for S$43.18 million, according to marketing agent HSR.


The freehold property was originally put on sale for an asking price of S$48 million to S$50 million but the buyer, a subsidiary of Fong Tat Group, acquired it for a smaller amount.

The selling price of the 34,912.7 sq ft site, which has a gross plot ratio of 2.5, translates to S$495 psf ppr. It was launched through collective sale last month with an indicative price of between S$550 psf ppr and S$573 psf ppr.

Industrial property prices increased 7.3 percent in Q1 and 8.4 percent in Q2, said Jeffrey Goh, Head of Investment Sales at HSR.

“Barring any unforeseen circumstances, this attractive price growth looks set to continue for some time because freehold industrial properties are a much sought-after asset class for companies and investors switching their investments into the industrial sector.”

Meanwhile, HSR is also putting a Thomson View condominium back on the market with a guide price of S$580 million.

Comprising 200 flats, 54 townhouses and a shop unit, the project features a land area of 540,314 sq ft and a plot ratio of 2.1 under the 2008 Master Plan

Taking into account the S$107 million premium to enhance the condo’s use, as well as a S$90 million premium to top up the 62-year lease left, the price will reach S$685 psf ppr.

With an additional 10 percent GFA for the property’s balcony area, the unit land price would be around S$659 psf ppr.

The tender for the condo will end on 4 September.

Gemini @ Sims - New B1 Business Space at Geylang

Gemini @ Sims is a new B1 Development at Sims




Nanyang Gum Benjamin Manufacturing (Private) Limited has sold its freehold landed factory (pictured), located near the junction of Sims Drive and Lorong 17 Geylang, for S$43.18 million (S$495 psf ppr).

The 34,912.7 sq ft site was reportedly purchased by a subsidiary of the Fong Tat Group of Companies. With a gross plot ratio of 2.5, the site is zoned for Business 1 use, such as light industry, public utility, clean industry, warehouse and telecommunications.

“Capital appreciation for industrial properties are amongst the most attractive in the real estate market right now,” said Jeffrey Goh, Head of Investment Sales at HSR.

“Baring any unforeseen circumstances, this attractive price growth looks set to continue for some time because freehold industrial properties are a much sought-after asset class for companies and investors switching their investments into the industrial sector,” he added.

According to HSR Investment Sales, prices of industrial property climbed 7.3 percent in Q1 and 8.4 percent in Q2.

“Better building specifications, modern architectural designs with communal lifestyle facilities, as well as a diversified use of superior building materials have contributed much to this sector’s allure to investors & end-users alike in recent months,” noted Goh.

HSR expects the new multi-user light industrial building project to yield around 45 to 50 strata titled units measuring 150 m or less.