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SHUN LI INDUSTRIAL COMPLEX

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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
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Project Information

Project Name

SHUN LI INDUSTRIAL COMPLEX

Street Name

Sims Drive

Property Type

Factory (All Types) / Warehouse

Tenure

Freehold

District / Planning Area

D14 / Geylang

Completion

Unknown

Indicative price range / Average*

Factory (All Types): S$ 600 - S$ 600 psf / S$ 600 psf
Warehouse: -

Indicative rental range / Average#

Factory (All Types): -
Warehouse: S$ 2.38 - S$ 2.63 psf pm / S$ 2.55 psf pm

Implied rental yield

Factory (All Types): -
Warehouse: -

Historical high

Factory (All Types): S$ 680 psf in May 2013 for a 2,928-sqft unit
Warehouse: S$ 972 psf in Apr 2016 for a 3,961-sqft unit

Indicative average price from historical high

Factory (All Types): -11.8%
Warehouse: -

Historical low

Factory (All Types): S$ 133 psf in Apr 2002 for a 1,711-sqft unit
Warehouse: S$ 291 psf in Dec 2004 for a 3,961-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, https://www.squarefoot.com.sg
Contract
date
Address Type of
sale
Property type Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
15 Mar 2019 705 Sims Drive #04-07 Resale Factory (All Types) 3,294 Strata 600 1,976,400

Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  10 Apr 2019 130 Light Industrial 2,927 22,000,000 7,516 Albert Yeo 98163833
  7 Feb 2019 192 Light Industrial 3,350 2,200,000 657 Jesslyn Chin 83886090
  25 Jan 2019 205 Light Industrial 3,316 2,188,888 660 Tan Eunice 98210453
  21 Nov 2018 270 Light Industrial 2,928 2,100,000 717 HH Teng 96577043
  18 Sep 2018 334 Light Industrial 1,733 2,300,000 1,327 Choo . 97878936
  26 Jun 2018 418 Light Industrial 3,000 2,100,000 700 TJ Choo 93368227

Historical Transaction Prices (See in Tower View)

Source: URA, https://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, https://www.squarefoot.com.sg

Profitable Transactions
Total 5

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
22 Apr 2016 705 Sims Drive #01-09 3,961 972 17 Aug 2011 576 1,570,000 1,710 11.8
9 May 2013 705 Sims Drive #03-11 2,928 680 31 May 2001 350 966,240 4,361 5.7
17 Aug 2011 705 Sims Drive #01-09 3,961 576 5 Jul 2011 135 1,746,000 43 >1000
30 Apr 1999 705 Sims Drive #05-15 3,294 335 10 Jan 1995 205 428,180 1,571 12.1
19 Mar 1997 705 Sims Drive #01-18 3,961 894 31 Jan 1997 690 806,910 47 645.6

Unprofitable Transactions
Total 4

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
5 Jul 2011 705 SIMS DRIVE #01-09 3,961 135 11 Nov 2008 139 -16,000 966 -1.1
16 Dec 2004 705 Sims Drive #01-18 3,961 291 19 Mar 1997 894 -2,387,000 2,829 -13.5
11 Mar 2002 705 SIMS DRIVE #05-15 3,294 168 30 Apr 1999 335 -550,656 1,046 -21.4
30 Nov 2001 705 Sims Drive #06-09 3,972 315 21 Sep 1995 509 -770,000 2,262 -7.5

Rental

Asking Rents

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf pm)
Agent
Name
Agent
Mobile
  29 Apr 2019 111 Warehouse 1,658 2,900 1.7 Benson Chan 90365000
  26 Apr 2019 114 Light Industrial 2,950 7,299 2.5 Eugene Chen 90684980
  23 Apr 2019 117 Light Industrial 1,680 3,800 2.3 Wang Wenhua 90938968
  16 Mar 2019 155 Light Industrial 1,658 2,818 1.7 Ivan Loh 96302233
  7 Mar 2019 164 Light Industrial 3,316 8,600 2.6 Stanley Tan 98894979
  23 Feb 2019 176 Light Industrial 2,950 5,000 1.7 Jay Ting 90908080
  22 Feb 2019 177 Light Industrial 2,950 5,162 1.7 Nichole Thor 81010103
  22 Feb 2019 177 Light Industrial 1,658 4,476 2.7 Nichole Thor 81010103
  19 Feb 2019 180 Light Industrial 3,350 8,388 2.5 Jesslyn Chin 83886090
  18 Feb 2019 181 Warehouse 1,658 2,699 1.6 Benson Chan 90365000
  17 Jan 2019 213 Light Industrial 2,950 5,100 1.7 Yap Jia Hui 94529635

Historical rental along SIMS DRIVE

Source: URA, https://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
Apr 2019 Warehouse 0.00 2.38 2.55 2.63 0.00 4
Nov 2018 Factory (All Types) 0.00 1.60 1.60 1.60 0.00 3
Jun 2018 Factory (All Types) 1.40 1.65 1.70 1.70 1.98 7
May 2018 Factory (All Types) 1.50 1.50 1.50 1.52 1.60 4
May 2018 Warehouse 1.55 1.59 1.62 1.81 2.30 4
Apr 2018 Factory (All Types) 1.50 1.57 1.65 1.71 1.75 4
Apr 2018 Warehouse 1.51 1.51 1.51 1.51 1.51 1
Mar 2018 Factory (All Types) 1.45 1.49 1.50 1.65 2.03 5
Mar 2018 Warehouse 2.40 2.40 2.40 2.40 2.40 1
Feb 2018 Warehouse 1.60 1.60 1.60 1.60 1.60 1
Jan 2018 Warehouse 2.50 2.50 2.50 2.50 2.50 1
Jan 2018 Factory (All Types) 1.20 1.20 1.20 1.57 1.75 6
Dec 2017 Factory (All Types) 1.50 1.60 1.70 2.15 2.60 3
Dec 2017 Warehouse 2.43 2.43 2.43 2.43 2.43 1
Nov 2017 Factory (All Types) 1.70 1.71 1.72 1.74 1.75 2
Oct 2017 Factory (All Types) 1.60 1.65 1.70 1.75 1.80 2
Oct 2017 Warehouse 2.30 2.30 2.30 2.30 2.30 1
Sep 2017 Factory (All Types) 1.50 1.90 2.30 2.31 2.32 3
Aug 2017 Factory (All Types) 1.70 1.73 1.75 1.80 1.85 3
Jun 2017 Factory (All Types) 1.82 2.16 2.50 3.18 3.86 3
Jun 2017 Warehouse 2.35 2.35 2.35 2.35 2.35 1
May 2017 Factory (All Types) 1.75 1.88 2.01 2.14 2.27 2
Apr 2017 Warehouse 1.50 1.75 2.00 2.24 2.47 3
Dec 2016 Factory (All Types) 1.62 1.80 1.98 2.16 2.34 2

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: https://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
SHUN LI INDUSTRIAL COMPLEX Factory Freehold - 600 600 600 - - - -
CHANCERLODGE COMPLEX Factory Freehold 399 715 715 715 1.53 1.62 1.65 2.7
YI XIU FACTORY BUILDING Factory Freehold 430 633 633 633 1.53 1.62 1.65 3.1
ENTERPRISE INDUSTRIAL BUILDING Factory Freehold 444 648 648 648 1.57 1.60 1.62 3.0
ARCSPHERE Factory Freehold 469 887 887 887 1.94 2.00 2.46 2.7
GEMINI @ SIMS Factory Freehold 282 800 800 800 1.57 1.60 1.62 2.4

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

Status Street Name Location Land attributes Estimated Breakeven

Sold on 12 Apr 2012

Sims Drive / Aljunied Road

Site use Industrial B1
Tenure 60
Site area (sqm) 6,312.2
Site GFA (sqm) 15,780.5
Highest bid ($m) 43.4
Highest bid ($psf) 255.4
Number of bids 14
Land ($m) 43.4
Construction ($m) 25.5
Land Financing ($m) 3
Professional / Legal / Taxes ($m) 5.7
Marketing / Others ($m) 0.9
Est. Total Cost ($m) 78.5
Est. Breakeven ($psf ppr) 462

Appendix: All past transactions

Historical Transactions

Source: URA, https://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
15 Mar 2019 705 Sims Drive #04-07 Factory (All Types) Resale 3,294 Strata 600 1,976,400
24 Sep 2018 705 Sims Drive #04-08 Factory (All Types) Resale 2,928 Strata 632 1,850,000
19 Jan 2017 705 Sims Drive #05-15A Factory (All Types) Resale 1,636 Strata 611 1,000,000
22 Apr 2016 705 Sims Drive #01-09 Warehouse Resale 3,961 Strata 972 3,850,000
29 Oct 2014 705 Sims Drive #01-06 Warehouse Resale 1,711 Strata 929 1,590,680
9 May 2013 705 Sims Drive #03-11 Factory (All Types) Resale 2,928 Strata 680 1,991,040
8 Feb 2013 705 Sims Drive #05-02 Factory (All Types) Resale 3,003 Strata 636 1,910,160
17 Aug 2011 705 Sims Drive #01-09 Warehouse Resale 3,961 Strata 576 2,280,000
5 Jul 2011 705 SIMS DRIVE #01-09 Factory (All Types) Resale 3,961 Strata 135 534,000
20 Apr 2010 705 SIMS DRIVE #05-13 Factory (All Types) Resale 1,711 Strata 175 300,000
12 Mar 2010 705 Sims Drive #05-06 Factory (All Types) Resale 1,711 Strata 296 507,000
11 Nov 2008 705 SIMS DRIVE #01-09 Factory (All Types) Resale 3,961 Strata 139 550,000
10 Apr 2007 705 Sims Drive #03-18 Factory (All Types) Resale 3,972 Strata 232 920,000
16 Dec 2004 705 Sims Drive #01-18 Warehouse Resale 3,961 Strata 291 1,153,000
1 Apr 2002 705 SIMS DRIVE #03-06 Factory (All Types) New Sale 1,711 Strata 133 228,000
11 Mar 2002 705 SIMS DRIVE #05-15 Factory (All Types) Resale 3,294 Strata 168 552,750
30 Nov 2001 705 Sims Drive #06-09 Factory (All Types) Resale 3,972 Strata 315 1,250,000
1 Jun 2001 705 Sims Drive #05-01 Factory (All Types) Resale 3,972 Strata 322 1,280,000
31 May 2001 705 Sims Drive #03-11 Factory (All Types) Resale 2,928 Strata 350 1,024,800
1 Jun 2000 705 Sims Drive #04-18 Factory (All Types) Resale 3,972 Strata 340 1,350,480
30 Apr 1999 705 Sims Drive #05-15 Factory (All Types) Resale 3,294 Strata 335 1,103,406
7 Dec 1998 705 Sims Drive #01-03 Warehouse Resale 3,315 Strata 510 1,690,000
1 Dec 1998 705 Sims Drive #01-13 Warehouse Resale 1,733 Strata 485 838,565
1 Dec 1998 705 Sims Drive #01-06 Warehouse Resale 1,733 Strata 485 838,565
19 Mar 1997 705 Sims Drive #01-18 Warehouse Resale 3,961 Strata 894 3,540,000
31 Jan 1997 705 SIMS DRIVE #01-18 Warehouse Resale 3,961 Strata 690 2,733,090
21 Sep 1995 705 Sims Drive #06-09 Factory (All Types) Resale 3,972 Strata 509 2,020,000
10 Jan 1995 705 SIMS DRIVE #05-15 Factory (All Types) Resale 3,294 Strata 205 675,226

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This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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