IndustrialBUSINESS 1FreeholdDistrict 14 · Geylang

Shun Li Industrial Complex

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026

Quick Summary

Shun Li Industrial Complex 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. 27 transactions are on record since 1995, at a median S$600 psf, most recently in Oct 2026. 42 units are currently listed for sale or rent. ACRA records 132 live company registrations at this address.

The facts are here — now get the verdict on Shun Li Industrial Complex.

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What are the key facts about Shun Li Industrial Complex?

Key takeawayShun Li Industrial Complex 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: 705 Sims Drive
Land area: 15,928 sqm
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Strata units (MCST): 108
Managing agent: EXCELTEC PROPERTY MANAGEMENT PTE LTD
Strata formed: 1986 (MCST 1195)
Units with a recorded sale: At least 19
Listed as: Light Industrial (B1), Warehouse
Transactions on record: 27 (records start 1995)
Live listings: 42
ACRA registrations: 132

What are the specs at Shun Li Industrial Complex?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Ceiling height: 5.4 m; Source: listings in this building

Specs from listings are what at least two listings in this building advertise — not verified.

About Shun Li Industrial Complex

Shun Li Industrial Complex is an industrial building in Geylang (District 14). It is located along Sims Drive, Singapore 387384.

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 15,928 sqm of land with roughly 39,819 sqm of gross floor area.

26 transactions have been recorded here, at a median of S$588 psf. The most recent was in July 2026.

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 Geylang Bahru MRT, 633 m away (about a 10-minute walk). The closest bus stop (Blk 45) is 218 m away (about a 3-minute walk).

166 businesses are currently registered at this address with ACRA.

What is Shun Li Industrial Complex zoned as?

Key takeawayShun Li Industrial Complex 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 Shun Li Industrial Complex sold for?

Key takeawayAcross 27 recorded transactions since 1995, the median price is about S$1.80M, most recently in Oct 2026.

Date	Use	Price	Area	PSF
Oct 2026	Multiple-user Factory	S$2.50M	3,294 sqft	$759
Jul 2026	Multiple-user Factory	S$2.40M	3,294 sqft	$729
Feb 2026	Multiple-user Factory	S$2.54M	3,294 sqft	$772
Sept 2024	Multiple-user Factory	S$2.38M	3,294 sqft	$723
Feb 2022	Multiple-user Factory	S$2.80M	3,972 sqft	$705
Nov 2021	Warehouse	S$1.80M	1,711 sqft	$1,053
Mar 2019	Multiple-user Factory	S$1.98M	3,294 sqft	$600
Sept 2018	Multiple-user Factory	S$1.85M	2,928 sqft	$632
Jan 2017	Multiple-user Factory	S$1.00M	1,636 sqft	$611
Apr 2016	Warehouse	S$3.85M	3,961 sqft	$972

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 Shun Li Industrial Complex rent for?

Key takeawayJTC publishes leases at Shun Li Industrial Complex itself: strata factory space leased at a median of $2.42 psf a month in 2026Q3, with the middle half of leases between $2.40 and $2.49. 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 · 2026Q3

25th pct

$2.40

$25.83 psm

Median

$2.42

$26.10 psm

75th pct

$2.49

$26.77 psm

S$ per sq ft per month · median +3.2% on a year earlier

2023Q3 · $23.41 psm2026Q3 · $26.10 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 Shun Li Industrial Complex

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 Shun Li Industrial Complex

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 41 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 3 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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 Shun Li Industrial Complex?

Key takeawayURA has approved 2 changes of use at Shun Li Industrial Complex since 2000, most recently in 2024. 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.

22 Nov 2024ApprovedFloor 1
Change of use: warehouse → minimart
Change of use of part #01-XX from warehouse to minimart
12 Jan 2022ApprovedFloor 1
Change of use to warehouse
Proposed change of use of unit #01-XX to warehouse (coldstore)

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 Shun Li Industrial Complex right now?

Key takeaway42 units are currently listed at Shun Li Industrial Complex — 1 for sale and 41 for rent. One row per unit; several agents often market the same unit.

For sale (1)

Shun Li Industrial ComplexS$2.64M · 3,300 sqft

For rent (41)

Shun Li Industrial Complex2 agentsS$4k/mo · 1,658 sqft
Shun Li Industrial ComplexS$4k/mo · 1,658 sqft
Shun Li Industrial ComplexS$6k/mo · 1,658 sqft
Shun Li Industrial ComplexS$7k/mo · 3,294 sqft

Browse every listing at this building →

What is near Shun Li Industrial Complex?

Key takeawayThe nearest MRT/LRT is Geylang Bahru MRT, about 633 m away.

Getting around

Geylang Bahru MRT633 m · ~10 min

Amenities nearby

True Medical Clinic Paya Lebar Quarter · 150 mEducational Institution · 165 mBlk 45 · 218 mBlk 49 Sims Place · 354 mGeylang Bahru MRT Exit B · 605 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Shun Li Industrial Complex

Key takeawayThe nearest station is Geylang Bahru (DT24), 605 m away — a quiet station, with about 12,000 taps in and out on an average weekday. 12 public car parks are within 500 m.

Foot traffic: busier than 87% of industrial buildings

nearest MRT/LRT Geylang Bahru (DT24) 605 m, about 12,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 3, about 2,599 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 42,000 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

Geylang Bahru (DT24)605 m · about 12,000 weekday taps
Aljunied (EW9)709 m · about 47,000 weekday taps
Kallang (EW10)872 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 Shun Li Industrial Complex. Transfers between lines don't tap, so interchanges read low.

Bus

3 bus stops within 400 m, with 2,599 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 40-44 Sims Drive (HDB)186 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)262 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 27 car lots
Blk 38/39 Upper Boon Keng (HDB)265 m
S$0.60 per half-hour at midday on a weekday · gantry 3.25 m · 144 car lots
Blk 50A Sims Drive (HDB)321 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 115 car lots
Blk 46/47/48/49 Sims Place (HDB)338 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 91 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, 715 m away, S$90/month.

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

Who's registered at Shun Li Industrial Complex?

Key takeaway132 live companies (and LLPs and branches; sole proprietors are not counted) list Shun Li Industrial Complex as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
64
Construction
18
Manufacturing
15
Accommodation and food services
11
Professional, scientific and technical services
6
Financial and insurance
5
Administrative and support services
5
Transportation and storage
3
Real estate
3
Information and communications
2

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. 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 Shun Li Industrial Complex

Where is Shun Li Industrial Complex?⌄

Shun Li Industrial Complex is at 705 Sims Drive, Singapore 387384, in the Geylang planning area.

What is Shun Li Industrial Complex zoned as?⌄

Shun Li Industrial Complex 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 Shun Li Industrial Complex?⌄

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 Shun Li Industrial Complex?⌄

Shun Li Industrial Complex is freehold.

What have units at Shun Li Industrial Complex sold for?⌄

Across 26 recorded transactions, the median is S$588 psf. The latest was in July 2026.

What does industrial space near Shun Li Industrial Complex 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 Shun Li Industrial Complex itself.

What is the nearest MRT station to Shun Li Industrial Complex?⌄

Geylang Bahru MRT is the closest, 633 m away (about a 10-minute walk).

How many businesses are registered at Shun Li Industrial Complex?⌄

166 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.

Specs from listings are what at least two listings in this building advertise — not verified.

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".

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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, listings in this building, OpenStreetMap (© OpenStreetMap contributors) — 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.