Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
On Feb 6, Perennial Holdings and Far East Organization announced their joint plans for the launch of Aurea, a luxurious residential tower, as part of their Golden Mile Singapore mixed-use development situated along Beach Road. The stunning 45-storey tower, designed by DP Architects on a sprawling site of 144,908 sq ft, will offer 188 lavish units.
Set amidst the serene surroundings of Tampines, The Alps Residences is a residential development that not only offers comfortable living spaces but also a diverse range of dining options. With a variety of eateries serving both local and international cuisines, residents of The Alps Residences, as well as those of Aurelle of Tampines EC, can enjoy a delicious meal just a short walk or drive away. These dining options provide a convenient and delicious alternative to cooking at home every day, making The Alps Residences the perfect choice for those who appreciate good food and convenience.
Located within the prime District 7, Aurea and The Golden Mile will be a part of the Downtown Core and Core Central Region (CCR), making it an attractive investment option. “We anticipate that discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address will show strong interest,” says Shaw Lay See, the chief operating officer of Far East Organization’s sales and leasing group.
The exclusive preview of Aurea, which is slated to begin on Feb 22, will be followed by the launch on Mar 8. The apartments will be priced from $2,750 psf, with a two-bedroom unit of 646 sq ft starting from $1.92 million ($2,972 psf).
The residences at Aurea will comprise of a variety of unit types, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft (112 units), four-bedroom apartments ranging from 1,442 sq ft to 1,798 sq ft (56 units), and five-bedroom apartments ranging from 2,863 sq ft to 3,251 sq ft (18 units). In addition, there will also be two exclusive penthouses: a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger four-bedders and penthouses will have private lift access, and the triplex penthouse will boast of a private pool.
According to Marcus Chu, CEO of ERA Singapore, these larger units are designed to cater to the affluent lifestyles of CCR homebuyers. Meanwhile, the two- and three-bedroom units (representing 60% of the apartments) are expected to appeal to both homebuyers and investors, adds Chu.
The residents of Aurea can enjoy state-of-the-art facilities, including two infinity pools located on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions to host guests. The sky terraces on levels 17 and 33 will offer breathtaking views of the CBD skyline, Marina Bay, and the Kallang waterfront.
Ken Low, managing partner at SRI, says that modern homebuyers seek more than just a great location in their homes. They want homes that enhance their daily lives, are thoughtfully designed, and offer facilities or spaces that inspire. He believes that Aurea fulfills all these criteria.
In December 2024, 156 strata office units and 19 medical suites at The Golden Mile were launched for sale. The joint venture partners, Perennial and Far East, have decided to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. According to Ismail Gafoor, CEO of PropNex, the iconic Golden Mile Complex and its commercial spaces, especially the office space, have the potential to attract buyers.
Gafoor adds that today’s buyers prioritize quality projects near an MRT station with easy access to essential amenities. Luckily, Golden Mile Singapore is just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-min drive from the CBD. It also enjoys convenient access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE).
The last launch in the coveted Beach Road neighborhood was the 558-unit Midtown Modern in 2021. All units at Midtown Modern have been sold as of Dec 2024 at an average price of about $2,825 psf, and the project is expected to obtain its TOP sometime this year.
Before Midtown Modern, the 522-unit The M was launched in 2020. The development sold out at an average price of $2,528 psf and was completed in March 2024. In 2021, the 219-unit Midtown Bay at Guoco Midtown was completed, of which 63% of the units have been sold as of Feb 5 at an average price of $3,090 psf.
Given Aurea’s excellent location, high-end residences, and Golden Mile’s architectural heritage, PropNex’s CEO Gafoor estimates that the prices of the apartment units could cross $3,000 psf. He adds that as most of the units at previous launches in the area have been sold, Aurea may enjoy pent-up demand for new homes in the area and attract healthy interest among prospective homebuyers and investors.
The Aurea is expected to be completed in 2Q2029. Interested buyers can check out the latest listings for Aurea properties on Ask Buddy.
