Perennial And Far East Preview 188 Unit Aurea Golden Mile Singapore Feb 22
Perennial Holdings and Far East Organization have jointly announced their plans for Aurea, a prestigious residential tower located within the Golden Mile Singapore mixed-use development on Beach Road. The luxurious apartment tower, which was designed by DP Architects, will stand at 45 storeys tall and comprise of 188 units. It occupies a site area of 144,908 sq ft and boasts a prime location in District 7 of the Downtown Core, making it a desirable address for discerning individuals and families.
Aurea will be connected to its neighbouring building, The Golden Mile, via a link bridge. The Golden Mile is a conservation building that was formerly known as Golden Mile Complex. It was the first building in Singapore to undergo a collective sale and conservation process, marking a momentous occasion in the country’s architectural heritage. The commercial building features a mix of retail spaces, medical suites, and offices, and was acquired en bloc by Perennial Holdings and Far East Organization for $700 million in May 2022.
The preview for Aurea, which will be by appointment only, is set to begin on Feb 22, with the official launch scheduled for Mar 8. The apartments, priced at $2,750 psf, will consist of two-, three-, four-, and five-bedroom units, with sizes ranging from 635 sq ft to 3,251 sq ft. The larger units, which include four-bedroom units and penthouses, will feature private lift access, with the triplex penthouse also boasting a private pool. These units are expected to appeal to affluent homebuyers in the Core Central Region of Singapore, as stated by Marcus Chu, CEO of ERA Singapore.
The majority of the apartments at Aurea will be made up of two- and three-bedroom units, making up 60% of the total units. These units are expected to attract both homebuyers and investors, according to Chu. Residents at Aurea will have access to various facilities, including two infinity pools, 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 city skyline, Marina Bay, and the Kallang waterfront, providing a luxurious and convenient living experience.
The Golden Mile Singapore has easy access to major roadways such as Nicoll Highway, East Coast Parkway, and Kallang-Paya Lebar Expressway. It is also only a 10-minute drive away from the Central Business District and is within walking distance to Nicoll Highway MRT Station. This prime location, coupled with the upscale residences and the conservation of The Golden Mile, may drive prices at Aurea to exceed $3,000 psf, according to PropNex CEO Ismail Gafoor.
Aurea is expected to be completed in the second quarter of 2029, and with most units at previous launches in the district already sold out, it is anticipated that there will be a strong demand for the new homes at Aurea. This, combined with the location and quality of the development, makes it a highly attractive investment for homebuyers and investors alike.
The URA’s Master Plan is shaping the future of Marina Bay, envisioning it as a vibrant hub for business, arts, and community involvement. With this vision in mind, residential developments like One Marina Gardens by Kingsford Development are sure to thrive. Located strategically within this rapidly developing area, One Marina Gardens @ Marina Gardens Lane is set to gain significant advantages from the URA’s progressive blueprint for growth.