IndustrialBUSINESS 1FreeholdDistrict 14 · Geylang

Lhk Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2023

Quick Summary

Lhk Building is a industrial building in District 14 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 52 transactions are on record since 1995, at a median S$450 psf, most recently in Nov 2023. 2 units are currently listed for sale. ACRA records 127 live company registrations at this address.

The facts are here — now get the verdict on Lhk Building.

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What are the key facts about Lhk Building?

Key takeawayLhk Building is a industrial building in District 14 · Geylang, zoned BUSINESS 1, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Freehold
District / Area: District 14 · Geylang
Address: 701 Sims Drive
Land area: 3,836 sqm
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 30
Managing agent: LANDSFIELD PROPERTY CONSULTANTS PTE LTD
Strata formed: 2000 (MCST 2466)
Units with a recorded sale: At least 28
Listed as: Light Industrial (B1)
Transactions on record: 52 (records start 1995)
Live listings: 2
ACRA registrations: 127

About Lhk Building

Lhk Building is an industrial building in Geylang (District 14). It is located along Sims Drive, Singapore 387383.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is freehold. It sits on about 3,836 sqm of land with roughly 9,590 sqm of gross floor area.

52 transactions have been recorded here, at a median of S$450 psf. The most recent was in November 2023.

Across JTC's rental returns for Sims Drive, the median rent for industrial space on this street works out to about S$1.60 psf per month over 105 observations. Observed medians on the street span S$0.70 to S$2.39 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 5.3 km away. The closest business-park zone is about 2.6 km away. The nearest MRT is Aljunied MRT, 662 m away (about a 10-minute walk). The closest bus stop (Blk 45) is 147 m away (about a 2-minute walk).

146 businesses are currently registered at this address with ACRA.

What is Lhk Building zoned as?

Key takeawayLhk Building sits on land zoned BUSINESS 1 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has Lhk Building sold for?

Key takeawayAcross 52 recorded transactions since 1995, the median price is about S$854k, most recently in Nov 2023.

Date	Use	Price	Area	PSF
Nov 2023	Multiple-user Factory	S$2.80M	3,154 sqft	$888
Jul 2023	Multiple-user Factory	S$1.19M	1,163 sqft	$1,027
Jul 2023	Multiple-user Factory	S$1.19M	1,163 sqft	$1,027
Mar 2023	Multiple-user Factory	S$1.65M	1,711 sqft	$964
Sept 2022	Multiple-user Factory	S$1.59M	2,282 sqft	$695
Feb 2022	Multiple-user Factory	S$2.04M	3,143 sqft	$650
Feb 2022	Multiple-user Factory	S$3.21M	4,941 sqft	$650
Feb 2022	Multiple-user Factory	S$1.37M	2,110 sqft	$650
Nov 2021	Multiple-user Factory	S$2.19M	3,261 sqft	$671
Aug 2021	Multiple-user Factory	S$720k	710 sqft	$1,013

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at Lhk Building rent for?

Key takeawayJTC publishes leases at Lhk Building itself: strata factory space leased at a median of $2.00 psf a month in 2025Q3, with the middle half of leases between $1.93 and $2.10. That is the building's figure across its leases, and never a quote for a particular unit.

Strata factory space in this building

This building · 2025Q3

25th pct

$1.93

$20.82 psm

Median

$2.00

$21.53 psm

75th pct

$2.10

$22.56 psm

S$ per sq ft per month

2022Q1 · $16.21 psm2025Q3 · $21.53 psm median

JTC's percentiles of the gross rent declared to IRAS for strata factory units leased in THIS building in the stated quarter (J-SPACE). It is the building's figure across its leases, not any one unit's rent; a unit's floor, size and fit-out move it. '*' quarters (too few leases) are absent, not zero.

Source: JTC J-SPACE, rentals of strata-titled multiple-user factories.

Strata factory space on Sims Drive

Street level · 2026Q3

25th pct

—

— psm

Median

$2.40

$25.83 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +11.3% on a year earlier

2023Q4 · $22.33 psm2026Q3 · $25.83 psm median

This is the MEDIAN of JTC-published rents across leases on this street in the stated quarter, not the asking or contracted rent of any particular unit. Streets with too few leases are suppressed by JTC and appear as no value -- suppressed is not zero.

Source: JTC J-SPACE, rental of industrial space by street.

Market context around Lhk Building

Key takeawayBrokers' industrial figures for Singapore as a whole — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Factory (ground floor): Rent S$1.81 psf/mth
Factory (upper floor): Rent S$1.41 psf/mth
Prime logistics: Rent S$1.87 psf/mth · Capital value S$245 psf · Net yield 6.5%
Warehouse (ground floor): Rent S$1.91 psf/mth
Warehouse (upper floor): Rent S$1.39 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026 (island-wide)

Factory - Ground Floor: Rent S$1.79 psf/mth
Factory - Upper Floor: Rent S$1.57 psf/mth
High-Tech: Rent S$3.56 psf/mth
Prime Logistics - Ground Floor: Rent S$1.92 psf/mth
Prime Logistics - Upper Floor: Rent S$1.74 psf/mth
Warehouse - Ground Floor: Rent S$1.81 psf/mth
Warehouse - Upper Floor: Rent S$1.49 psf/mth

Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

How fast units move at Lhk Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 2 units for sale.

Sale: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Lhk Building?

Key takeawayURA has approved 1 change of use at Lhk Building since 2000, most recently in 2008, and refused 2. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

8 May 2020RefusedFloor 4
Change of use to e-business
Retention of use of the factory unit #04-XX as e-business
20 Jan 2015RefusedFloor 7
Change of use to religious school
Proposed change of use of production unit #07-XX to religious school on lot 08342p mk24 at 701 sims drive - lhk building (geylang planning area)
13 Mar 2008ApprovedFloor 8
Change of use: storage use → integrated dental clinic
Proposed change of use of 8th storey (#08-XX) from storage use to integrated dental clinic at an existing 8-storey light industrial flatted factory

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

How does Sims Drive price?

Key takeawaySims Drive's current JTC street rent is S$25.83 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 4.0% (3.6% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$729

Indicative street yield

4.0% gross

3.6% net of property tax

An INDICATIVE street-level yield, not a yield for any particular unit: the current-quarter JTC street rent divided by the street's strata sale PSF median.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Street figures cover strata deals only — land and strata PSF are not comparable.

What is available at Lhk Building right now?

Key takeaway2 units are currently listed at Lhk Building. One row per unit; several agents often market the same unit.

For sale (2)

Lhk BuildingS$2.30M · 1,425 sqft
LHK BuildingS$10.00M · 12,852 sqft

Browse every listing at this building →

What is near Lhk Building?

Key takeawayThe nearest MRT/LRT is Aljunied MRT, about 662 m away.

Getting around

Aljunied MRT662 m · ~10 min

Amenities nearby

Blk 45 · 147 mLoh Clinic · 160 mEducational Institution · 207 mBlk 49 Sims Place · 268 mAljunied MRT Exit B · 614 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Lhk Building

Key takeawayThe nearest station is Aljunied (EW9), 615 m away — a busy station, with about 47,000 taps in and out on an average weekday. 12 public car parks are within 500 m.

Foot traffic: busier than 92% of industrial buildings

nearest MRT/LRT Aljunied (EW9) 615 m, about 47,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 5,551 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 43,000 residents within 1 km (June 2026). Ranked against 8,225 industrial buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Stations within 1 km

Aljunied (EW9)615 m · about 47,000 weekday taps
Geylang Bahru (DT24)683 m · about 12,000 weekday taps
Kallang (EW10)960 m · about 24,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Lhk Building. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with 5,551 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 40-44 Sims Drive (HDB)192 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 159 car lots
Blk 45/50/51 Sims Drive (HDB)196 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 27 car lots
Blk 46/47/48/49 Sims Place (HDB)246 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 91 car lots
Blk 50A Sims Drive (HDB)275 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 115 car lots
Blk 53 Sims Place (HDB)302 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 66 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Kallang Industrial Est Ate Zone A, 739 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Lhk Building's own car park, if it has one, and its charges are not in the open data.

Who's registered at Lhk Building?

Key takeaway127 live companies (and LLPs and branches; sole proprietors are not counted) list Lhk Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
32
Construction
22
Professional, scientific and technical services
17
Financial and insurance
14
Real estate
11
Information and communications
10
Administrative and support services
4
Transportation and storage
4
Other services
4
Accommodation and food services
3

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$17.22 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$17.22 psm/mo
Observed range: S$7.53 – S$25.77

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.

Frequently asked questions about Lhk Building

Where is Lhk Building?⌄

Lhk Building is at 701 Sims Drive, Singapore 387383, in the Geylang planning area.

What is Lhk Building zoned as?⌄

Lhk Building is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at Lhk Building?⌄

Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Lhk Building?⌄

Lhk Building is freehold.

What have units at Lhk Building sold for?⌄

Across 52 recorded transactions, the median is S$450 psf. The latest was in November 2023.

What does industrial space near Lhk Building rent for?⌄

JTC's rental returns for Sims Drive put the median at about S$1.60 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Sims Drive, not a rent quoted for Lhk Building itself.

What is the nearest MRT station to Lhk Building?⌄

Aljunied MRT is the closest, 662 m away (about a 10-minute walk).

How many businesses are registered at Lhk Building?⌄

146 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, URA planning decisions, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.