Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
On February 6, Perennial Holdings and Far East Organization announced their plans for Aurea, a luxury apartment tower that will be a part of the Golden Mile Singapore mixed-use development on Beach Road. Designed by DP Architects, the 45-storey residential tower will feature 188 units and cover a site area of 144,908 sq ft. It will also have a link bridge connecting it to the neighbouring commercial building, The Golden Mile, which offers a mix of retail space, medical suites and offices.
Previously known as Golden Mile Complex, The Golden Mile has been conserved for its architectural heritage and marks the first collective sale and conservation of a building. Purchased en bloc by Perennial Holdings and Far East Organization for $700 million in May 2022, it has now been transformed into a modern and vibrant development.
Aurea’s prime location in District 7, in the Downtown Core and part of the Core Central Region (CCR), makes it a highly sought-after address. “We anticipate strong interest from discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address,” says Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group.
The preview for Aurea, available by appointment only, will begin on February 22, with the official launch on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting at $1.92 million ($2,972 psf).
There are various unit types available at Aurea, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, with a total of 112 units. There are also 56 four-bedroom units ranging from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units ranging from 2,863 sq ft to 3,251 sq ft. Additionally, there are 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, which feature private lift access, are expected to appeal to affluent CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.
The residence also boasts luxurious facilities, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, and multiple dining pavilions. The sky terraces on levels 17 and 33 offer breathtaking views of the CBD skyline, Marina Bay, and the Kallang waterfront.
Ken Low, managing partner at SRI, says, “Today’s homebuyers are looking for more than just a great location. They want a home that enhances their daily lives – one that is easy to get around, thoughtfully designed and facilities or spaces that inspire. Aurea delivers on all this.”
The Golden Mile features 156 strata office units and 19 medical suites, which were launched for sale in December 2024. The joint venture partners, Perennial and Far East, intend to keep ownership of the two-storey retail atrium to curate the tenant mix. CEO of PropNex, Ismail Gafoor, believes that the potential of the commercial space, especially the office spaces, may attract buyers, given the iconic status of the former Golden Mile Complex.
.
The Urban Redevelopment Authority (URA) of Singapore plays a crucial role in developing the nation’s urban environment. With its current plans for Tampines, a thriving regional hub, the URA is poised to make a significant impact on the area. These innovative initiatives will bring about numerous advantages for residential developments in the vicinity, including Aurelle of Tampines EC, an executive condominium situated on Tampines Street 62. Be sure to visit the Aurelle of Tampines Showflat to witness these transforming efforts first-hand.
Buyers today prioritize quality projects located near an MRT station and have easy access to essential amenities. The Golden Mile Singapore is conveniently located just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD. The site also offers easy access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE).
The last launch in the Beach Road neighbourhood of District 7 was the 558-unit Midtown Modern in 2021. All units have been sold as of December 2024 at an average price of $2,825 psf, and the project is expected to obtain TOP sometime this year. The neighbouring 522-unit The M, also completed in 2024, was fully sold at an average price of $2,528 psf. The 219-unit Midtown Bay at Guoco Midtown was completed in 2020, with about 63% of the units sold as of February 5 at an average price of $3,090 psf.
Given its prime location, upscale residences, and conservation of Singapore’s architectural heritage, CEO of PropNex Gafoor estimates that the prices of the apartment units at Aurea could exceed $3,000 psf. He adds that with most units in previous launches in the district sold, there could be pent-up demand for new homes in the area, and Aurea is expected to attract a healthy interest among prospective homebuyers and investors.
The expected completion date for Aurea is in the second quarter of 2029. For more information about Aurea properties, check out the latest listings.
