Perennial Holdings and Far East Organization have announced their latest project, Aurea, a luxurious residential tower located within the Golden Mile Singapore mixed-use development along Beach Road. Designed by DP Architects, the 45-storey tower will have 188 units and sit on a 144,908 sq ft plot of land. The tower will also be connected to the neighboring commercial building, The Golden Mile, via a link bridge.
The Golden Mile, formerly known as Golden Mile Complex, is a conserved building renowned for its architectural heritage. It was the first building to be sold collectively and conserved, when Perennial Holdings and Far East Organization purchased it for $700 million in May 2022.
Aurea’s privileged location in District 7, within the Downtown Core and Core Central Region (CCR), is expected to attract discerning individuals and families who appreciate a prime 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 will begin on February 22, with the official launch on March 8. Prices for the apartments will start from $2,750 psf, with a two-bedroom unit of 646 sq ft starting from $1.92 million ($2,972 psf).
The units at Aurea will consist of various layouts, with 112 two- and three-bedroom apartments sized from 635 sq ft to 1,001 sq ft, 56 four-bedroom units from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units from 2,863 sq ft to 3,251 sq ft. Additionally, there will be two exclusive penthouses, a duplex six-bedroom unit spanning 5,608 sq ft and a triplex six-bedroom unit of 8,816 sq ft. The larger units will have private lift access, and the triplex penthouse will also come with a private pool – catering to the affluent lifestyles of homebuyers in the CCR, says Marcus Chu, CEO of ERA Singapore.
The majority of units at Aurea will be two- and three-bedroom apartments, making up 60% of the total units. These are expected to attract both homebuyers and investors, according to Chu.
The facilities at Aurea will include two infinity pools on the third and 33rd floors, a gym, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. Residents can also visit the sky terraces on the 17th and 33rd floors to enjoy 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 just a great location – they want a home that enhances their daily lives. Low believes that Aurea’s convenient location, thoughtful design, and inspiring facilities will appeal to homebuyers.
Apart from the residential units, The Golden Mile also 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, plan to retain ownership of the two-storey retail atrium to curate the tenant mix.
The iconic status of the former Golden Mile Complex and the potential of its commercial space, particularly the office units, may attract buyers, says PropNex CEO Ismail Gafoor. He adds that buyers today prioritize quality projects with good transportation connectivity and easy access to essential amenities – something The Golden Mile Singapore offers, with its proximity to the Nicoll Highway MRT Station and major roadways like Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE).
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Golden Mile Singapore is also strategically located within 1km of the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.
The last launch in the District 7 neighborhood was Midtown Modern, a 558-unit development that is fully sold at an average price of around $2,825 psf. The project is expected to obtain TOP this year. The previous project, The M, also sold out all 522 units at an average price of $2,528 psf and was completed in March 2024. The 219-unit Midtown Bay at Guoco Midtown was completed last year, with around 63% of units sold as of February 5 at an average price of $3,090 psf.
Given Aurea’s prime location, upscale units, and Golden Mile’s conservation status, PropNex’s Gafoor believes that the apartment units could cross $3,000 psf in price. “With the past launches in the district being sold out, we believe that there is pent-up demand for new homes in the area, and Aurea could attract healthy interest from prospective homebuyers and investors,” he says.
The project is expected to be completed in the second quarter of 2029. Interested buyers can check out the latest listings for Aurea properties.