Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
Perennial Holdings and Far East Organization have revealed their plans for Aurea, a new residential tower in Golden Mile Singapore. Designed by DP Architects, the 45-storey luxury apartment complex will have 188 units on a site spanning 144,908 sq ft.
Aurea will be connected to the neighboring commercial building, The Golden Mile, via a link bridge. The former Golden Mile Complex, which has great architectural significance, was conserved and marked the first collective sale and conservation of a building. Perennial Holdings and Far East Organization acquired the building for $700 million in May 2022.
Situated in prime District 7 of the Downtown Core, Aurea and The Golden Mile offer an exclusive address in the Core Central Region (CCR). “We expect high interest from discerning individuals and families who value the exclusivity of a prime Downtown Core address,” says Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group.
An appointment-only preview for Aurea will begin on Feb 22, with the official launch on Mar 8. Prices for the apartments start from $2,750 psf. For example, a two-bedroom unit at 646 sq ft would cost approximately $1.92 million ($2,972 psf).
The apartments at Aurea come in various types and sizes. The complex includes 112 two- and three-bedroom units, ranging from 635 to 1,001 sq ft, 56 four-bedroom units measuring 1,442 to 1,798 sq ft, and 18 five-bedroom units spanning 2,863 to 3,251 sq ft. There are also two exclusive penthouses: a six-bedroom duplex of 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger units and penthouses feature private lift access, with the triplex penthouse also having a private pool. According to Marcus Chu, CEO of ERA Singapore, these larger units cater to the affluent lifestyle of CCR homebuyers.
Read also: URA suggests voluntary conservation of Golden Mile Tower’s iconic cinema block
The majority of units at Aurea, approximately 60%, consist of two- and three-bedroom units, which are expected to be popular among homebuyers and investors, adds Chu.
The URA Master Plan puts significant importance on sustainability, with a focus on initiatives such as green buildings, renewable energy, and enhanced public transportation. These efforts will greatly enhance the living experience at Parktown Residence, making it a highly desirable choice for environmentally conscious families. Naturally, Parktown Residence will be at the forefront of the eco-friendly movement.
Residents at Aurea will have access to luxury facilities, including two infinity pools on levels three and 33, a gym, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 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 facilities or spaces that inspire. Aurea delivers on all this.”
Meanwhile, 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 Organization will retain ownership of the two-storey retail atrium, curating the tenant mix.
“The former Golden Mile Complex is iconic. The commercial space, especially office space, has great potential and could attract buyers,” says PropNex CEO Ismail Gafoor. He adds that nowadays, buyers prioritize quality projects near an MRT station with easy access to essential amenities. The overhead bridge connecting The Golden Mile to the Nicoll Highway MRT Station on the Circle Line is an added advantage.
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Apart from its convenient access to major roads like Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE), Golden Mile Singapore is just 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 Beach Road neighborhood 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 around $2,825 psf, and the project is expected to obtain TOP later this year.
The M, a neighboring 522-unit development, was launched in 2020. It has been fully 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. As of Feb 5, around 63% of the units have been sold at an average price of $3,090 psf.
Given Aurea’s prime location, upscale residences, and Golden Mile’s Singaporean architectural heritage, PropNex’s CEO Gafoor estimates that prices for the apartments could go beyond $3,000 psf. “As most of the units in previous launches in the district have been sold, we believe there is pent-up demand for new homes in the area, and Aurea could attract healthy interest among prospective homebuyers and investors,” says Gafoor.
The Aurea is set to be completed in the second quarter of 2029. For more information and listings for Aurea properties, check out our website.