Perennial Holdings and Far East Organization have just announced their plans for the highly anticipated Aurea, a luxurious apartment tower that is part of the Golden Mile Singapore mixed-use development on Beach Road. The tower, designed by DP Architects, will have 188 units spread across 45 storeys and will occupy a site area of 144,908 sq ft. One of the standout features of this development is the link bridge that connects it to The Golden Mile, a commercial building that houses a mix of retail spaces, medical suites, and offices.
What makes The Golden Mile even more remarkable is the fact that it is the former Golden Mile Complex, which has been carefully conserved for its architectural heritage. In fact, it is the first collective sale and conservation of a building in Singapore. Back in May 2022, Perennial Holdings and Far East Organization jointly acquired the building en bloc for a whopping $700 million.
Not surprisingly, Aurea and The Golden Mile are both located in prime District 7, which is a part of the Downtown Core and the Core Central Region (CCR). Shaw Lay See, the Chief Operating Officer of Far East Organization’s Sales & Leasing group is certain that Aurea’s prime location on Beach Road will attract a lot of interest from discerning individuals and families who value the exclusivity of living in the Downtown Core.
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For those eagerly waiting to get a glimpse of Aurea, the appointment-only preview is set to begin on February 22, and the official launch is scheduled for March 8. The apartments will be priced at a starting rate of $2,750 psf. The luxurious two-bedroom apartments, spanning 646 sq ft, will start at $1.92 million ($2,972 psf).
The apartments in Aurea boast a variety of unit types. The development features 112 two- and three-bedroom apartments, ranging from 635 sq ft to 1,001 sq ft. On top of that, there are 56 four-bedroom units, spanning from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units of 2,863 sq ft to 3,251 sq ft. If that’s not enough, there are also two ultra-exclusive penthouses, one with six bedrooms spread over 5,608 sq ft and another triplex with six bedrooms and a whopping 8,816 sq ft.
Moreover, all units with four bedrooms or more come with private lift access, and the triplex penthouse also boasts a private pool. As Marcus Chu, the CEO of ERA Singapore puts it, these larger penthouses and four-bedders are an excellent fit for the affluent lifestyles of homebuyers in the CCR.
If you’re not in the market for a big unit with four bedrooms or more, don’t worry because there are still plenty of options for you. In fact, 60% of the apartments in Aurea are two- and three-bedroom units, which are expected to appeal to both homebuyers and investors, according to Chu.
Residents at Aurea will be able to enjoy a wide range of amenities, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions to entertain guests. The sky terraces on levels 17 and 33 offer breathtaking views of the CBD skyline, Marina Bay, and the Kallang waterfront. Ken Low, the Managing Partner at SRI, believes that today’s homebuyers are looking for more than just a great location, and Aurea delivers on all fronts.
If you’re wondering what to expect at The Golden Mile, there’s a lot in store for you. The building features 156 strata office units and 19 medical suites that were launched for sale in December 2024. The joint-venture partners, Perennial and Far East, plan to retain ownership of the two-story retail atrium and curate a mix of tenants for the commercial spaces.
Ismail Gafoor, the CEO of PropNex, points out that the former Golden Mile Complex is an iconic building, and the commercial spaces, particularly the office spaces, have great potential, which makes it an attractive proposition for buyers. He further adds that buyers today prioritize quality projects that are located near MRT stations and offer easy access to essential amenities. With an overhead bridge connecting The Golden Mile to the Nicoll Highway MRT Station on the Circle Line, the location of this development is hard to beat.
Apart from the MRT, residents at Golden Mile Singapore will have easy access to major roadways, such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). Moreover, the development is just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a short 10-minute drive from the CBD.
The last condo to be launched in this neighborhood was the highly successful Midtown Modern, which featured 558 units and was entirely sold out by the end of 2021 at an average price of $2,825 psf. The development is expected to obtain its TOP sometime this year. Prior to that, The M, which had 522 units, was launched in 2020, and all of them were sold out by the time the development was completed in March 2024. Lastly, the 219-unit Midtown Bay at Guoco Midtown was completed in 2021, and as of February 5, 63% of its units have been taken up at an average price of $3,090 psf.
Given its prime location, luxurious residences, and the preservation of Singapore’s architectural heritage at The Golden Mile, PropNex’s CEO Ismail Gafoor believes that the prices of the apartments at Aurea could easily surpass $3,000 psf. According to him, as most of the units at previous launches in the district have been sold, there is bound to be pent-up demand for new homes in the area, and Aurea will attract significant interest from homebuyers and investors alike.
Aurea is expected to be completed in the second quarter of 2029. To stay updated with the latest developments, you can check out the latest listings for Aurea properties. If you’re interested in any other property in Singapore, simply ask Buddy!