On February 6, Perennial Holdings and Far East Organization announced the launch of their latest joint project, Aurea, a luxury residential tower within the Golden Mile Singapore mixed-use development in District 7.
Designed by DP Architects, the 45-storey tower will have 188 units sitting on a 144,908 sq ft site. It will also feature a link bridge connecting it to the neighboring The Golden Mile, a commercial building that includes retail space, medical suites, and offices. The Golden Mile is the former Golden Mile Complex, a conserved building known for its architectural heritage. This was the first collective sale and conservation of a building in Singapore. In May 2022, Perennial Holdings and Far East Organization purchased the building en bloc for $700 million.
Aurea’s exclusive preview is set to begin on February 22, with the official launch on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting at $1.92 million ($2,972 psf).
The residential units at Aurea will offer a range of sizes, from two- and three-bedroom apartments (635 sq ft to 1,001 sq ft) to four- and five-bedroom units (1,442 sq ft to 3,251 sq ft). There are also two penthouses, a 5,608 sq ft six-bedroom duplex and an 8,816 sq ft six-bedroom triplex. Units with four bedrooms or more will come with private lift access, and the triplex penthouse will have a private pool.
According to Marcus Chu, CEO of ERA Singapore, these larger units are designed to suit the affluent lifestyle of buyers in the Core Central Region (CCR). Meanwhile, the majority of the units (60%) are two- and three-bedroom units, which are expected to appeal to both homebuyers and investors.
Aurea will also offer residents exclusive facilities, including two infinity pools, a gym, a bouldering wall, spa facilities, and multiple dining pavilions. Sky terraces on levels 17 and 33 will offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront.
Ken Low, managing partner at SRI, says that today’s homebuyers are looking for more than just a great location – they want a home that enhances their daily lives. Aurea delivers on this with its convenient location, thoughtful design, and inspiring facilities and spaces.
The Golden Mile Singapore also includes 156 strata office units and 19 medical suites, which were launched for sale in December 2024. Perennial and Far East will retain ownership of the revamped two-storey retail atrium to curate the tenant mix. According to PropNex CEO Ismail Gafoor, the iconic Golden Mile Complex has great potential, especially for its office space, which could attract buyers. He adds that buyers today prioritize quality projects near MRT stations and have easy access to essential amenities. The development is conveniently located near major roadways such as Nicoll Highway, East Coast Parkway, and Kallang-Paya Lebar Expressway.
The last launch in the Beach Road neighborhood of District 7 was the 558-unit Midtown Modern in 2021. All units have been sold at an average price of $2,825 psf, and the project is expected to be completed this year. The neighboring 522-unit The M was launched in 2020 and was completely sold at an average price of $2,528 psf. The 219-unit Midtown Bay at Guoco Midtown was completed last year, and 63% of the units have been taken up as of February 5 at an average price of $3,090 psf.
Given its prime location, upscale residences, and the iconic Golden Mile Complex, PropNex’s CEO Gafoor predicts that prices at Aurea could exceed $3,000 psf. He believes that the project will attract significant interest from both homebuyers and investors.
Aurea is expected to be completed in the second quarter of 2029. To find out the latest listings for Aurea properties, visit Ask Buddy. You can compare prices for new launch condos versus executive condos, check out projects that have recently obtained TOP, and look for condo rental listings in District 7. Also, compare the price trend for new condos versus resale condos and check out recent condo sale transactions in District 7.