Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
On February 6, Perennial Holdings and Far East Organization released details about Aurea, a new luxury apartment tower that will be a part of the Golden Mile Singapore mixed-use development located along Beach Road.
Designed by DP Architects, Aurea will stand 45 storeys high and feature 188 units on a site area spanning 144,908 sq ft. The tower will also boast a link bridge connecting it to The Golden Mile, a commercial building that offers a variety of retail spaces, medical suites, and offices.
Previously known as Golden Mile Complex, The Golden Mile is famous for its architectural heritage and was the first building in Singapore to be collectively sold and conserved. In May 2022, Perennial Holdings and Far East Organization jointly purchased the building for $700 million.
Aurea’s exclusive preview will be by appointment only starting February 22, with the official launch scheduled for March 8. The apartments will be priced at $2,750 psf, with two-bedroom units starting at $1.92 million ($2,972 psf).
The units within Aurea will range in size, with 112 two- and three-bedroom apartments spanning 635 sq ft to 1,001 sq ft, 56 four-bedroom units ranging from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units measuring from 2,863 sq ft to 3,251 sq ft. The development will also feature two exclusive penthouses: a six-bedroom duplex spanning 5,608 sq ft, and a six-bedroom triplex measuring 8,816 sq ft. All four-bedroom and larger units will have private lift access, with the triplex penthouse also offering a private pool. These larger units are meant to cater to the affluent lifestyle of Core Central Region (CCR) homebuyers, says Marcus Chu, CEO of ERA Singapore.
Meanwhile, the two- and three-bedroom units make up 60% of the apartments at Aurea and are expected to appeal to both homebuyers and investors, according to Chu.
Residents of Aurea will 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 several dining pavilions. The development will also feature sky terraces on levels 17 and 33 that offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront.
Ken Low, managing partner at SRI, says, “Today’s homebuyers are looking for more than just a great location. They want a home that enhances their daily lives – one that is easy to get around, thoughtfully designed, and offers inspiring facilities and spaces. Aurea delivers on all of these aspects.”
The adjacent Golden Mile Tower, with 156 strata office units and 19 medical suites, was launched for sale in December 2024. Perennial and Far East Organization, the joint venture partners, intend to retain ownership of the two-storey retail atrium in order to curate the tenant mix.
According to PropNex CEO Ismail Gafoor, “The former Golden Mile Complex is iconic. The potential of the commercial space, especially office space, may attract buyers.” He adds that buyers today are looking for quality projects that offer convenient access to essential amenities and are located near an MRT station. An overhead bridge connects The Golden Mile to the Nicoll Highway MRT station on the Circle Line.
Golden Mile Singapore is also easily accessible from major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). Plus, it is within a kilometer 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 about $2,825 psf, and the project is scheduled to obtain its Temporary Occupation Permit (TOP) sometime this year. The M, a neighbouring 522-unit development, was launched in 2020, and all units were sold at an average price of $2,528 psf. The development was completed in March 2024.
In addition, Midtown Bay, a 219-unit development within Guoco Midtown, was completed last year. As of February 5, about 63% of the units were sold, with an average price of $3,090 psf.
Rewritten:
Singapore is home to two beautiful parks, Tampines Eco Green and Bedok Reservoir Park, which provide an oasis of tranquility and a chance for residents to connect with nature. These green spaces offer a refreshing respite from the bustling city life, and with Parktown Residence situated in the heart of Tampines, they are now even more easily accessible for residents to enjoy.
Spanning 36 hectares, Tampines Eco Green is a lush park boasting a diverse array of flora and fauna. This eco-friendly park encourages visitors to explore and appreciate the natural environment, with its elevated boardwalk that allows for a peaceful walk through the park without disturbing the wildlife. Additionally, the park features a butterfly garden, bird hides, and ponds, where visitors can spot various waterfowl. Thanks to the proximity of Parktown Residence, residents have the opportunity to immerse themselves in the peaceful surroundings of Tampines Eco Green at any time.
Another popular recreational spot in Singapore is Bedok Reservoir Park, known for its range of water activities such as kayaking, wakeboarding, and dragon boating. The park is also ideal for a relaxing stroll or jog along the 4.3-kilometer path that surrounds the reservoir. With Parktown Residence located near Bedok Reservoir Park, residents can easily access this outdoor playground and enjoy a day of fun-filled water activities.
For Parktown Residence residents, having these two parks right at their doorstep is a wonderful blessing. It allows them to maintain a healthy and balanced lifestyle, with the convenience of having green spaces nearby. Not only do these parks offer recreational activities, but they also provide a serene environment for residents to unwind and recharge amidst nature. And with the inclusion of Parktown Residence, these parks become the perfect retreat for residents to escape the city and connect with nature. Parktown Residence truly enhances the quality of life for its residents by offering easy access to these wonderful parks.
Given its prime location, upscale residences, and heritage of Golden Mile, PropNex CEO Gafoor estimates that the prices of apartment units in Aurea 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,” he says.
Aurea is expected to be completed in the second quarter of 2029. Interested buyers can browse the latest listings for Aurea properties or consult Buddy for information about the price trend of new sales condos versus executive condominiums (ECs), projects that have recently obtained TOP, and any condo rental listings in District 7.