Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
Perennial Holdings and Far East Organization have recently announced their plans for the development of Aurea, a luxurious apartment tower as part of the mixed-use Golden Mile Singapore project on Beach Road. The new residential tower, designed by DP Architects, will consist of 188 units spread over 45-storeys and will occupy a total site area of 144,908 sq ft. The tower will also have a link bridge connecting it to the neighbouring commercial building, The Golden Mile, which features a mix of retail spaces, medical suites, and offices.
The Golden Mile, formerly known as Golden Mile Complex, has been recognized for its architectural heritage and is the first building in Singapore to undergo a collective sale and conservation. Perennial Holdings and Far East Organization acquired the building en bloc for $700 million in May 2022.
Located in prime District 7 of the Downtown Core and the Core Central Region (CCR) within Singapore, Aurea and The Golden Mile are expected to garner interest from discerning individuals and families who appreciate the exclusivity of a prestigious address. According to Shaw Lay See, Chief Operating Officer of Far East Organization’s sales & leasing group, the prime Downtown Core location is expected to be a major draw for potential buyers.
The preview for Aurea, which is by appointment only, is scheduled to commence on February 22, while the official launch will take place on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting from $1.92 million ($2,972 psf).
The residences at Aurea consist of various unit types, 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, totaling from 1,442 sq ft to 1,798 sq ft and 18 five-bedroom units spanning from 2,863 sq ft to 3,251 sq ft. Additionally, there are two exclusive penthouses available, a six-bedroom duplex measuring 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger four-bedders and penthouses are catered towards the affluent lifestyle of CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.
As an additional perk, four-bedroom and larger units will offer private lift access, while the triplex penthouse will also come with its own private pool. Chu believes that these larger units will be the perfect fit for buyers in the CCR market, while the two- and three-bedroom apartments, which make up 60% of the residences at Aurea, are expected to appeal to both homebuyers and investors.
Residents at Aurea will also have access to a range of facilities, including two infinity pools on levels three and 33, a gym, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions for hosting guests. The sky terraces located on levels 17 and 33 are also expected to provide stunning panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront. According to Ken Low, Managing Partner at SRI, today’s homebuyers are looking for more than a prime location, and Aurea delivers on all aspects, providing a home that enhances daily living through its convenient location, thoughtful design, and inspiring facilities.
A visit to Ghim Moh Market and Food Centre is a must for those seeking to experience the local hawker culture. Located just a short distance away from Lynden Woods One North, this hawker centre is a gem for Singaporean food lovers. A wide array of delectable dishes such as char kway teow, nasi lemak, and the famous Hainanese chicken rice can be found here, all at pocket-friendly prices. The lively ambiance and mouth-watering food have made this spot a popular choice among both locals and expatriates.
The 156 strata office units and 19 medical suites at The Golden Mile were launched for sale in December 2024, with the joint venture partners, Perennial and Far East, intending to retain ownership of the two-storey retail atrium to curate the tenant mix. According to Ismail Gafoor, CEO of PropNex, The Golden Mile is an iconic building, and the potential of the commercial space, particularly the office units, is expected to attract buyers. Gafoor also believes that buyers today prioritize high-quality projects near MRT stations with convenient access to essential amenities, which is why Aurea’s location is highly desirable. Furthermore, The Golden Mile is conveniently linked to the Nicoll Highway MRT Station on the Circle Line via an overhead bridge.
In terms of transportation, residents of Golden Mile Singapore will also have easy access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). The development is also situated just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.
The last launch in the Beach Road area of District 7 was Midtown Modern, a 558-unit development that has been fully sold as of December 2024. The average price for units at Midtown Modern is around $2,825 psf, and the project is expected to obtain its Temporary Occupation Permit (TOP) sometime this year. Prior to this was The M, a neighboring 522-unit development that was fully sold at an average price of $2,528 psf and was completed in March 2024. Midtown Bay at Guoco Midtown, a 219-unit development, was also completed last year. As of February 5, approximately 63% of the units at Midtown Bay have been sold, with an average price of $3,090 psf.
Given its prime location, upscale residences, and the Singaporean architectural heritage of The Golden Mile, Ismail Gafoor from PropNex estimates that the prices of apartment units at Aurea could potentially cross $3,000 psf, which is higher than previous launches in the district. With most of the units at past launches in the area being sold, Aurea is expected to generate significant demand for new homes and attract healthy interest from both prospective homebuyers and investors.
The estimated completion date for Aurea is the second quarter of 2029. Those interested can check out the latest listings for Aurea properties and other new launches.