Perennial Holdings and Far East Organization are set to embark on a new luxury residential project called Aurea, as part of the Golden Mile Singapore mixed-use development. The 45-storey tower, designed by DP Architects, will feature 188 units and occupy a site area of 144,908 sq ft. Residents will also have access to the neighbouring The Golden Mile commercial building, which offers a mix of retail space, medical suites, and offices.
Located along Beach Road, Aurea will be situated in prime District 7 within the Downtown Core, making it part of the Core Central Region (CCR). According to Shaw Lay See, chief operating officer of Far East Organization’s sales & leasing group, the project is expected to attract interest from individuals and families who value the exclusivity of a prime Downtown Core address.
The exclusive preview of Aurea will start on Feb 22, with the official launch taking place on Mar 8. Prices for the apartments will start from $2,750 per square foot. Two-bedroom units will start from $1.92 million ($2,972 psf).
Aurea’s apartments will consist of a variety of unit types. The development will offer 112 two- and three-bedroom units ranging from 635 sq ft to 1,001 sq ft. There will also be 56 four-bedroom units ranging from 1,442 sq ft to 1,798 sq ft, as well as 18 five-bedroom units spanning 2,863 sq ft to 3,251 sq ft. In addition, there will be two exclusive penthouses, including a six-bedroom duplex of 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. Larger units and penthouses will also feature private lift access, with the triplex penthouse boasting a private pool.
“We believe that these larger units and penthouses will be highly sought after by affluent homebuyers in the CCR,” says Marcus Chu, CEO of ERA Singapore.
Meanwhile, 60% of the units at Aurea will consist of two- and three-bedroom apartments, which are expected to appeal to both investors and homebuyers, according to Chu.
The development will offer a range of facilities for residents, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 will offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.
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“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 offers inspiring facilities and spaces. Aurea ticks all these boxes.”
The commercial component of Golden Mile Singapore, consisting of 156 strata office units and 19 medical suites, was launched for sale in December 2024. The joint venture partners, Perennial and Far East Organization, intend to retain ownership of the two-storey retail atrium to manage the tenant mix.
“The former Golden Mile Complex is an iconic structure, and the potential of its commercial and office space may attract buyers,” says PropNex CEO Ismail Gafoor. He adds that buyers today prioritize quality projects near MRT stations and convenient access to essential amenities. The development is just a short distance from the Nicoll Highway MRT Station on the Circle Line, with an existing overhead bridge connecting The Golden Mile to the station.
Golden Mile Singapore is also conveniently located near major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). In addition, it’s 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 Beach Road neighbourhood of District 7 was the 558-unit Midtown Modern, which is set to be completed this year. All units at Midtown Modern have been sold as of December 2024, at an average price of about $2,825 psf. Prior to that, The M, a neighbouring 522-unit development, was launched in 2020 and sold out at an average price of $2,528 psf. The project was completed in March 2024. In addition, the 219-unit Midtown Bay at Guoco Midtown was completed in 2024, with about 63% of the units taken up as of Feb 5, at an average price of $3,090 psf.
Given its prime location, luxurious residences, and the conservation of Golden Mile’s architectural heritage, PropNex CEO Gafoor estimates that the prices of units at 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 adds.
Aurea is expected to be completed in 2Q2029, and interested buyers can check out the latest property listings for the development.