Gemini @ Sims
Gemini @ Sims is a freehold light industries project. located along Lor 17 Geylang, off SIMS Ave.
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 along Sims Avenue.
Very rare find for FreeHold light industries in view of the tenure restriction imposed by all GLS for industrial properties.
Most of them are now either 30 / 60 / 99 leasehold
This new project GEMINI @ SIMS is rebuilt over the previously enbloc property NGB Building.
- Gemini@Sims Night View
Detail Specifications of Gemini @ Sims
Proposed 7 storey high with 82 Production units and 1 Ancillary staff Canteen
Address : 55 Lorong 17 Geylang Singapore 388577
Tenure : FreeHold
Land Area : 5,621 sqm or 60,512 sqft
Car Park Lots : 210 Lots
Lorry Loading : 5 lorry bays
Passenger Lift : 4 Units
Cargo lifts : 2 Units of 3 tonnes each
Private Lifts on Level 7 : 13 Units
Facilities include :
Indoor Gym and Outdoor Fitness Stations
BBQ Pits - 3 Nos
Sheltered Pavilions - 3 Nos
Landscaping
Tech Specs
Loading : 7.5 kN/M2
Ceiling Height : 6.5 to 7.0 metres high
Electricity : 3 Phase, 60 Amp
All Units have power float concrete Floor, toilets with homogenous tiles, Glass and timber doors where necessary
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
For more information and floor plans, pls contact Gemini @ Sims developer sales team
Rick Fok, R013579A
Mobile ; 9109 2177
Email : foxshare@singnet.com.sg or rickfoknh@gmail.com
News on Industrial Land Sales
Gemini @ Sims - New B1 Business Space at Geylang
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.
