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Currently a restaurantABSD may apply to residential portion
Geylang / Aljunied · HDB shophouse

53 Sims Place

An HDB shophouse at Sims Vista, currently a restaurant, sold as a whole unit.

S$2,680,000≈ S$1,818 psf · 1,474 sqftⓥ

📄 Download fact sheet (PDF)

99 yrs from 1994
Tenure
1,474 sqft
Size
To confirm
S&CC + property tax
S$2.68M
Price
Restaurant
Current use
Aljunied
MRT

Tenure = how long you legally own the property (e.g. Freehold, or a 99-year lease).

S$2,680,00053 Sims Place
Why the address

Why the address

Tap a category to see just those pins on the map.

OneMap-routed distances/times; ratings via Google Places, indicative and subject to change.

Getting there

MRT, bus and commute times

~6min walk
🚇 Aljunied

🚌 Bus stops nearby:

  • Opp Blk 5382m
    Sims Dr
    64134137
  • Bef Blk 5386m
    Sims Dr
    64125134137
  • Blk 49 Mkt/FC102m
    Sims Pl
    64134137
  • Sims Pl Ter212m
    Sims Pl
    64134137
Paya Lebar🚇 10 min · 🚗 3 min (2 km)
CBD (Raffles Place)🚇 17 min · 🚗 13 min (7 km)
SMU🚇 22 min · 🚗 9 min (5 km)
Orchard🚇 32 min · 🚗 16 min (9 km)
Changi Airport🚇 33 min · 🚗 22 min (16 km)
SUTD🚇 35 min · 🚗 17 min (12 km)
+6 more destinations
one-north🚇 39 min · 🚗 24 min (15 km)
Changi Business Park🚇 40 min · 🚗 19 min (13 km)
NUS🚇 41 min · 🚗 21 min (14 km)
Jurong East🚇 43 min · 🚗 27 min (21 km)
Mapletree Business City🚇 51 min · 🚗 24 min (13 km)
NTU🚇 78 min · 🚗 34 min (28 km)

Times are indicative — weekday 08:30 for public transport (OneMap routing); drive times are off-peak, no live traffic — both vary with actual conditions.

Price evidence

Recent comparable sales

Actual caveats near the subject — verify on URA REALIS.
Recent HDB-shophouse sales · Sims areaSoldTenurePricepsf
Sims Place 1,345 sfMar 2026HDB LHS$2.45MS$1,821
Sims Avenue 1,496 sfJul 2025HDB LHS$1.73MS$1,156
Sims Avenue 1,604 sfMar 2020HDB LHS$1.765MS$1,100

URA REALIS caveats for HDB shophouse sales on Sims Avenue, Sims Place and nearby (file last refreshed 16 Jul 2026; verify on URA REALIS). A REFERENCE, not a like-for-like valuation: shophouses vary by exact location, frontage, footfall, size and remaining lease, even on the same road.

The abnormality

How rare is this, really?

ClaimFigureWhere it holdsSource
Private-sector retail space vacancy was 7.0% in 2Q 2026, up 0.6 points from 6.4% the quarter before (SingStat).7.0%islandSingStat, available and vacant commercial/industrial space (private sector) [1] · as at 2026-11-01
For resale retail space, average psf for freehold went from $1,659 to $3,737 (+125.26%) between 1995 and 2026, against $1,173 to $2,751 (+134.53%) for leasehold. 2026 is a part-year. The averages mix ages, locations and sizes.125.26%islandPropNex Investment Suite ProTrend, generated 30 Sep 2026 · as at 2026-09-30 (indicative)
Freehold retail (resale) vs Leasehold retail (resale)
average $ psf. Freehold retail (resale): $1,659 in 1995, $3,737 in 2026; Leasehold retail (resale): $1,173 in 1995, $2,751 in 2026Freehold retail (resale)$1,6591995$3,7372026Leasehold retail (resale)$1,1731995$2,7512026
How to read this. Each pair of bars compares the average price per square foot in 1995 (gold) with 2026 (green) for that type of property; the longer bar is the higher average. average $ psf, bars start at zero so lengths are in proportion. Same figures as the table above. 2026 is a part-year.

Figures are quoted or counted from the sources shown, at the narrowest scope they support -- never an unqualified 'only'.

Why here

What is planned around this address

Published government plans near this property — the facts, with sources. What they mean for value is a question worth asking.

Footfall at the door
≈25,451 weekday commuters pass within 400 m (12 bus stops · LTA passenger volume 202606)
Street-level demand a retail or F&B tenant pays for — so where does that put the rent this unit can command?
What is planned nearby (facts, not a forecast)
Thomson-East Coast Line (East) · Stages through 2026
New rail along the eastern corridor — Marine Parade, Marine Terrace, Siglap, Bayshore and Bedok South.
Source: LTA
Paya Lebar Central · Delivered; Airbase town from 2030s
URA's decentralised commercial hub on the Paya Lebar MRT interchange (East-West + Circle lines). Paya Lebar Quarter already delivers ~1m sqft of Grade-A offices (PLQ's ~10,000 office workers), a ~340,000 sqft mall with 300+ shops and 429 homes — a ~22,000-strong working catchment within a 7-min walk. Longer term, Paya Lebar Airbase relocates from the 2030s, freeing ~800ha for a new town of ~150,000 homes and lifting building-height limits across the east.
Source: URA Master Plan 2025; Lendlease (PLQ)
Sourced from URA / LTA / HDB plans — not a price forecast. Ask Andrea what it means for this address.
🏗️ New developments within 2km — the growth signal
New-launch projects near this address:
ZYANYA · 2025 · NNB 8 Development Pte. Ltd.
~473m away
GEMS VILLE · 30/06/2025 · Dong Ya Xing Hua
~592m away
CT GOLD @ MACPHERSON · 2030 · CHIU TENG @ KALLANG PTE LTD
~1.4km away
THE ARCADY AT BOON KENG · 31 DECEMBER 2028 · KSH Holdings, SLB Development Ltd, H10 Holdings Pte. Ltd
~1.9km away
GRAND DUNMAN · 2028 · SingHaiyi Group Limited
~1.9km away
Source: PropNex new-launch project feed, developer-declared TOP/units. A launch within 2km is a growth signal, not a price forecast for this property.
🏠 Resale alternatives within 2km
Live resale listings near this address, for comparison:
BizTech Centre · From S$1,231,100 per unit · S$11,880,700 for all 9 (excl GST)
~915m away · resale alternative
Paya Lebar 178 · From S$2,378,299 per unit · S$7,629,599 for all 3 (excl GST)
~1.7km away · resale alternative

URA retail rental index printed 81.2 in Q3 2026 (+1.4% YoY) (URA via data.gov.sg).

SingStat's Food & Beverage Services Index printed 104.0 in Aug 2026 (-1.6% YoY).

Geylang has an estimated ~49,000 resident households (~10,900 condo, ~1,500 landed) (SingStat GHS 2025).

Who actually lives here — this subzone, Census 2020.

Kids 0-96.9% · idx 73
Parents 30-4930.5% · idx 102
Peak-earners 40-5422.8% · idx 102
60+27.4% · idx 123
◀ below Singapore average (100)above ▶

How to read this. The line in the middle is the Singapore average, set to 100. A bar to the right means more of that age group live in this area than the national share (idx 113 means 13% more); a bar to the left means fewer (idx 78 means 22% fewer). The percentage is that group's share of local residents. Residents are not the same as the people who would visit or work here, and the figures are from Census 2020.

17.9% of employed residents in Geylang earn S$10,000+/month (idx 99, below SG avg).

~7.7% of Geylang households span 3 or more generations (indicative — OneMap Census 2020).

Does this age mix match the trade you're considering?

General market information on this page was last updated on 1 Nov 2026.

Straight talk

Objections, turned around

The real number, what it means here, and the question it leaves you with.

"Why not just buy a residential property instead?"
A Singapore Citizen's 2nd residential property at this price pays S$536,000 in ABSD (IRAS rates as of 2026-10-21); this listing pays S$0.
Would you rather hand that to IRAS, or put it into the asset?
Straight answers

The questions buyers actually ask

Including the trade-offs — buy with eyes open.
Does ABSD apply?
The unit is sold as a whole, including its residential portion. ABSD, if any, applies to that portion only. Confirm the apportionment with IRAS or your lawyer before you commit.
What should I check about the lease?
HDB shophouses are leasehold, so the years left matter to value and to financing. Confirm the remaining lease and permitted trade with HDB and your lawyer.
Is it tenanted?
Yes, it is currently let. Lease terms are shared with a serious buyer, not published here.

Indicative answers — confirm with your lawyer, URA, HDB and IRAS.

Continue exploring

Also available

Not quite the one? A few more from the current collection in a similar bracket — happy to walk you through any of them.

How this listing was prepared

Priced and checked against official data

✔
Transacted compsBenchmarked to real caveats.
✔
Stamp duty modelledBSD & GST as applicable, set out up front.
✔
Official public dataURA Master Plan, LTA, OneMap & data.gov.sg.
✔
Verified salespersonSearch 9693 7787 on the CEA Public Register.
The buying roadmap

What happens — and what you pay, when

For buyers who haven't transacted before: the resale journey, stage by stage.

1
Option to Purchase (OTP)
Day 0
1%option fee
2
Exercise the OTP
Within ~14–21 days
+4%deposit to 5%
3
Stamp duty
Within 14 days of exercising
BSD+ ABSD/GST if applicable — see estimator
4
Completion
~8–12 weeks
Balance (about 95%)paid by bank loan plus cash (CPF cannot be used for non-residential property)
Haven't got your loan In-Principle Approval? Get the IPA first so your offer is real — I'll connect you to a banker. Arrange my IPA

💾 Download fact sheet (PDF)

Indicative for a non-residential resale purchase — GST timing and any ABSD depend on the specific unit; see the numbers section above. Confirm with your lawyer.

AG
Andrea Goh · PropNex Realty Pte Ltd (Licence No. L3008022J) · CEA R000289H
Priced and checked against official URA data — transacted comparables, stamp duty, and (where applicable) per-level approved use. No lead auction.
🔔 Alert me
Before you decide
→ Stamp duty (BSD + GST)→ Yield on this one→ Is my trade allowed here?→ Buyer guide→ Buyer checklist

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中文版计算器 · Calculators in English

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