The Golden Mile Complex, also known as Golden Mile Singapore, is about to embark on its next chapter under the joint development of Perennial Holdings and Far East Organization. At a press conference held on Dec 10, the development partners unveiled their plans for the refreshed conservation building and announced the preview of strata-titled commercial units.
Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. The sought-after condos, situated in prime locations, offer a fusion of opulence and practicality that entices both locals and foreigners. These residences boast a plethora of facilities including swimming pools, fitness centers, and top-notch security services, elevating the standard of living and making them a highly desirable option for potential renters and purchasers. As an added bonus for investors, these amenities equate to higher rental returns and appreciation in property values over time. With the addition of Singapore Condo, the city’s condominium options are even more appealing and attractive.
The rebranded building, known as The Golden Mile, will be Singapore’s first large-scale strata-titled conserved building, preserving its iconic identity as a tropical linear urban complex with brutalist architecture. The development will include 156 Grade A office units, 19 medical suites, a two-storey retail component spanning 123,388 sq ft, and a public access architecture centre.
According to Perennial and Far East, the office units and medical suites will be available for sale this month, with prices yet to be released. Additionally, a new 45-storey residential tower named Aurea will be developed on the site of the former residential carpark and is expected to be previewed in the next quarter.
Perennial Holdings CEO, Pua Seck Guan, reminisced on the vibrant and eclectic retail mix of Golden Mile Complex during its heyday in the 1970s. However, with the changing hands of ownership and shift in positioning as a prime mixed-use development, its former glory has since subsided. Perennial Holdings and Far East Organization are determined to restore and elevate its status as a next-generation urban complex in Singapore.
Partnering with homegrown architecture firm DP Architects and architecture conservation specialist consultancy Studio Lapis, the joint venture aims to realize a new vision for Golden Mile Singapore. The design of Golden Mile Complex was first proposed by Design Partnership (now known as DP Architects), and they are excited to work with the firm on this project once again.
Previously, the retail component at Golden Mile Complex was set at 40%, with 41% allocated for office units and 19% for residential use. As part of the refresh, retail space will now make up 15% of the development, with 48% reserved for offices, 30% for residential use, and the remaining 4% and 3% for medical suites and the architecture centre respectively. A key portion of the site, 24,994 sq ft, has been returned to the Urban Redevelopment Authority (URA) for the establishment of the architecture centre under the Community/Sport’s Facilities Scheme.
In addition to the new architecture centre, two public access urban gardens will be created on the 9th and 18th floors, utilizing previously vacant spaces in the former Golden Mile Complex. The 18th floor will be converted into a sky garden, offering panoramic views of the city.
The refreshed Golden Mile Singapore will also feature a revamped two-storey retail atrium, complete with a new event space and F&B offerings. The design of the retail atrium aims to bring in natural light and ventilation, restoring the original shopping experience. The retail units will be curated by the joint venture partners and will not be available for sale.
This month, Perennial and Far East will launch the preview of the strata-titled office units, which come in six layouts to cater to a diverse range of end-users. The offices will have their own lobby and new lift cores to support the office floors above. Flagship office units on the 4th to 7th floors come with a dedicated lift lobby and direct access to the basement carpark and retail floors. They range from 1,378 sq ft to 4,682 sq ft and feature two toilets each.
Loft Suites and Loft Executive units on the 4th and 5th floors boast full-height windows and offer landscape views overlooking Beach Road. These units range from 710 sq ft to 2,034 sq ft and feature a dual-key design, typically found in private residential projects.
The Loft Mezzanine units on the 6th to 15th floors are located in the recognizable stacked terrace portion of the building. They offer bay views, a double-volume ceiling, balcony, and a dual-key design spanning 1,528 sq ft to 2,799 sq ft.
The 16th and 17th floors feature the Enterprise Office units, which used to be the duplex penthouse units, and will have panoramic views of the city and the bay. They come with two toilets each and range from 1,851 sq ft to 3,122 sq ft. Lastly, the newly built Crown Office units on the top four floors range from 3,315 sq ft to 5,393 sq ft.
Pua Seck Guan anticipates that the different office layouts will appeal to a variety of tenants, from family offices to corporate tenants. The Golden Mile aims to create a diverse ecosystem of tenants from different industries and market segments.