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On February 6, Perennial Holdings and Far East Organization revealed their plans for Aurea, a luxurious apartment tower that will be part of the Golden Mile Singapore mixed-use development along Beach Road.
Designed by DP Architects, Aurea will have 188 units spread across 45 storeys on a site area of 144,908 sq ft. The tower will also have a link bridge connecting it to the neighbouring The Golden Mile, a commercial building that includes retail space, medical suites, and offices.
The Golden Mile, previously known as Golden Mile Complex, is a conserved building that holds great architectural significance. It was also the first building to go through a collective sale and conservation process. In May 2022, Perennial Holdings and Far East Organization purchased the building en bloc for $700 million.
Aurea, with its prime location on Beach Road, is part of District 7 in the Downtown Core, which is considered to be part of the Core Central Region (CCR). “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 of Far East Organization’s sales & leasing group.
The appointment-only preview for Aurea will begin on February 22, with the official launch set to take place on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting from $1.92 million for a 646 sq ft apartment ($2,972 psf).
Residents at Aurea will have a variety of unit options to choose from. The tower will have a total of 188 units, with 112 two- and three-bedroom apartments ranging 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. The tower will also have two exclusive penthouses, a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex measuring 8,816 sq ft. The larger four-bedroom units and penthouses will feature private lift access, and the triplex penthouse will also include a private pool.
“These larger four-bedders and penthouses complement the affluent lifestyles of CCR homebuyers,” says Marcus Chu, CEO of ERA Singapore.
Meanwhile, the two- and three-bedroom units make up 60% of the apartments at Aurea. These units are expected to appeal to homebuyers and investors, adds Chu.
Residents at Aurea will also have access to a range of facilities, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. Sky terraces on levels 17 and 33 are expected to offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.
“Today’s homebuyers are looking for more than just a great location,” says Ken Low, managing partner at SRI. “They want a home that enhances their daily lives – one that is easy to get around, thoughtfully designed, and features facilities or spaces that inspire. Aurea delivers on all this.”
The 156 strata office units and 19 medical suites at The Golden Mile were launched for sale in December 2024. The joint venture partners, Perennial and Far East, intend to retain ownership of the revamped two-storey retail atrium to curate the tenant mix.
“The former Golden Mile Complex is iconic,” says PropNex CEO Ismail Gafoor. “The potential of the commercial space, especially office space, may attract buyers.”
He adds that buyers today prioritize quality projects near an MRT station and convenient access to essential amenities. An overhead bridge currently connects The Golden Mile to the Nicoll Highway MRT Station on the Circle Line.
Nearby major roadways like Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE), Golden Mile Singapore is only 1km away from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.
The last launch in the District 7 neighbourhood was the 558-unit Midtown Modern in 2021. All units at Midtown Modern have been sold as of December 2024 at an average price of about $2,825 psf, and the project is expected to obtain TOP later this year.
Midtown Modern was preceded by the neighbouring 522-unit The M in 2020. The entire development is 100% sold 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. Since its debut in 2019, about 63% of the units have been sold as of February 5, 2022, at an average price of $3,090 psf.
Given Aurea’s prime location, upscale residences, and its proximity to the Singapore architectural heritage of Golden Mile, PropNex’s CEO Gafoor estimates that prices of the apartment units could surpass $3,000 psf.
“As most of the units at past launches in the district have been sold, we believe Aurea may enjoy some pent-up demand for new homes in the area and could attract healthy interest among prospective homebuyers and investors,” says Gafoor.
Aurea is expected to be completed in the second quarter of 2029.…