Perennial Holdings and Far East Organization have recently revealed their latest project, Aurea, a luxury apartment tower that will be part of the Golden Mile Singapore mixed-use development. Set to be constructed on Beach Road, Aurea will stand 45-storeys tall and feature 188 units. This new residential tower has been designed by DP Architects and covers a site area of 144,908 square feet. The developers have also planned for a link bridge to connect Aurea to The Golden Mile, a nearby commercial building that offers a mix of retail space, medical suites and offices.
The Golden Mile, formerly known as Golden Mile Complex, is a conserved building that holds historical and architectural significance. It was the first building to undergo a collective sale and conservation effort. In May 2022, Perennial Holdings and Far East Organization secured the building en bloc for a sum of $700 million.
Aurea, situated at the prime address of Beach Road, is located in District 7, within the Downtown Core and the Core Central Region (CCR). The developers anticipate a high level of interest from discerning individuals and families who appreciate the exclusivity of this prime Downtown Core address. The preview for Aurea, which requires an appointment, will begin on February 22, with the official launch on March 8. The apartments will be priced from $2,750 per square foot.
The units at Aurea are available in a variety of sizes, with a total of 188 units. Two- and three-bedroom apartments make up 112 units, ranging from 635 square feet to 1,001 square feet. The four-bedroom units, which span 1,442 square feet to 1,798 square feet, make up 56 of the residences. There are also 18 five-bedroom units ranging from 2,863 square feet to 3,251 square feet. Additionally, there are two exclusive penthouses, a six-bedroom duplex covering 5,608 square feet and a six-bedroom triplex spanning 8,816 square feet.
The larger four-bedrooms and penthouses have private lift access, and the triplex penthouse also comes with a private pool. These units cater to the affluent lifestyles of CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.
The majority of the units at Aurea, 60%, are two- and three-bedroom units. These units are expected to attract both homebuyers and investors, says Chu.
Residents at Aurea will have access to various facilities such as two infinity pools on levels three and 33, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. There are also sky terraces on levels 17 and 33 that offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront. According to Ken Low, managing partner at SRI, today’s homebuyers are looking for more than just a great location. They also want a home that enhances their daily lives, with convenient access, thoughtful design, and inspiring facilities or spaces. Aurea delivers on all of this.
Aurea’s appointment-only preview will begin on February 22, with the official launch on March 8. The apartments are priced from $2,750 psf. By absolute price, two-bedroom apartments of 646 sq ft at Aurea are priced from $1.92 million ($2,972 psf). The development is estimated to be completed in the second quarter of 2029.
The Golden Mile Singapore also includes The Golden Mile, a commercial building with 156 strata office units and 19 medical suites that were launched for sale in December 2024. The developers plan to retain ownership of the revitalized two-storey retail atrium in order to curate the tenant mix. According to Ismail Gafoor, CEO of PropNex, the iconic Golden Mile Complex has great potential, particularly for its commercial space, which may attract buyers. He adds that today’s buyers prioritize quality projects in close proximity to an MRT station and essential amenities. The Golden Mile is linked to the Nicoll Highway MRT Station via an overhead bridge.
The last launch in the Beach Road neighbourhood of District 7 was Midtown Modern, a 558-unit development that has been fully sold at an average price of about $2,825 psf. Midtown Modern is expected to obtain TOP sometime this year. The M, a neighboring 522-unit development, was launched in 2020 and has also sold out at an average price of $2,528 psf. The project was completed in March 2024. Midtown Bay at Guoco Midtown, a 219-unit development, was completed in 2024, with about 63% of the units sold at an average price of $3,090 psf since its launch in 2019.
According to PropNex’s CEO Gafoor, given Aurea’s prime location, upscale residences, and Golden Mile’s architectural heritage, the prices of apartment units could surpass $3,000 psf. He believes that with high demand for new homes in the area and its appeal to both homebuyers and investors, Aurea may attract strong interest. The project is expected to be completed in 2Q2029.