Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
Located at 321 Clementi, Elta Condo boasts a plethora of dining options for its residents. Whether you’re in the mood for local delicacies, casual meals, or international cuisines, this bustling community has something for everyone. With a variety of restaurants and cafes to choose from, residents can indulge in their favorite dishes at any time. From a quick bite to a family dinner or a special celebration, the diverse food scene at 321 Clementi will surely satisfy all cravings.
Perennial Holdings and Far East Organization have announced the launch of Aurea, a luxurious apartment tower as part of the Golden Mile Singapore mixed-use development along Beach Road. Designed by DP Architects, Aurea offers 188 units spread across 45-storeys and sits on a site area of 144,908 sq ft. It is connected to the neighbouring commercial building, The Golden Mile, via a link bridge.
Formerly known as the Golden Mile Complex, The Golden Mile has been conserved for its architectural heritage and marked the first collective sale and conservation of a building. The building was acquired by Perennial Holdings and Far East Organization for $700 million in May 2022.
Located in prime District 7 in the Downtown Core and part of the Core Central Region (CCR), Aurea and The Golden Mile are expected to attract discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address, according to Far East Organization’s sales & leasing group chief operating officer Shaw Lay See.
Aurea is set to hold an appointment-only preview on Feb 22, with the launch commencing on Mar 8. The apartments are priced from $2,750 psf. By absolute price, two-bedroom apartments of 646 sq ft at Aurea will start from $1.92 million ($2,972 psf).
The residential units at Aurea comprise a range of unit types, including two- and three-bedroom apartments (112 units), four-bedroom apartments (56 units), five-bedroom apartments (18 units), and two exclusive penthouses – a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex spanning 8,816 sq ft.
The larger four-bedroom units and penthouses have private lift access, and the triplex penthouse also features a private pool. These units are designed to complement the affluent lifestyles of CCR homebuyers, says Marcus Chu, CEO of ERA Singapore.
At the same time, the two- and three-bedroom units make up 60% of the apartments at Aurea and are expected to appeal to both homebuyers and investors, adds Chu.
Residents of Aurea will also have access to various facilities, 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 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 want a home that enhances their daily lives with a convenient location, thoughtful design, and inspiring facilities or spaces. Aurea delivers on all of these aspects.
The retail atrium at The Golden Mile has been retained by the joint venture partners Perennial and Far East Organization to curate the tenant mix for the 156 strata office units and 19 medical suites launched for sale in December 2024. The potential of the commercial space, particularly office space, may attract buyers, according to PropNex CEO Ismail Gafoor.
Gafoor adds that today’s buyers prioritize quality projects near an MRT station with convenient access to essential amenities. The Golden Mile Singapore is located just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.
The last launch in District 7’s Beach Road neighborhood was Midtown Modern, a 558-unit development that has since been fully sold at an average price of $2,825 psf. Its TOP is expected sometime this year. The M, a neighbouring 522-unit development, was also fully sold at an average price of $2,528 psf and completed in March 2024. Midtown Bay at Guoco Midtown, a 219-unit development, was completed last year and has seen 63% of its units taken up since its launch in 2019 at an average price of $3,090 psf.
Given Aurea’s location, upscale residences, and Golden Mile’s Singapore architectural heritage, PropNex CEO Gafoor estimates that prices of the apartment units could cross $3,000 psf. He believes that Aurea may enjoy pent-up demand for new homes in the area and attract healthy interest among prospective homebuyers and investors.
Aurea is expected to be completed in 2Q2029.