Perennial Holdings and Far East Organization have announced plans for a new luxury apartment tower in the Beach Road area. The project, called Aurea, is part of the Golden Mile Singapore mixed-use development and was designed by DP Architects. It will feature 188 units spread across 45 storeys and occupy a site area of 144,908 sq ft. The tower will also be connected to the neighbouring commercial building, The Golden Mile, through a link bridge.
Located in prime District 7 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. The preview for Aurea will begin on Feb 22, with the official launch to follow on Mar 8. Prices for the apartments will start from $2,750 psf.
The apartments at Aurea will come in various sizes and layouts. The 112 two- and three-bedroom units will range from 635 sq ft to 1,001 sq ft, while the 56 four-bedroom units will range from 1,442 sq ft to 1,798 sq ft. There will also be 18 five-bedroom units from 2,863 sq ft to 3,251 sq ft. Additionally, there will be two exclusive penthouses – a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger four-bedders and penthouses will have private lift access, with the triplex penthouse also having a private pool.
According to Marcus Chu, CEO of ERA Singapore, the larger units at Aurea are catered towards affluent CCR homebuyers. However, the majority of the apartments (60%) are two- and three-bedroom units, which are expected to appeal to both homebuyers and investors.
Residents can look forward to a range of facilities, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge and multiple dining pavilions. Sky terraces on levels 17 and 33 will offer breathtaking views of the CBD skyline, Marina Bay and the Kallang waterfront.
Ken Low, managing partner at SRI, highlights that today’s homebuyers are looking for more than just a prime location – they want homes that enhance their daily lives with thoughtful designs and inspiring facilities. Aurea is able to deliver on these expectations.
The commercial component of the Golden Mile Singapore, which comprises 156 strata office units and 19 medical suites, was launched for sale in Dec 2024. Perennial Holdings and Far East Organization intend to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. Ismail Gafoor, CEO of PropNex, believes that the iconic former Golden Mile Complex and the potential of the commercial space, especially office space, may attract buyers.
Aurea’s prime location, upscale residences and the conservation of the Golden Mile Complex will likely see prices of the apartment units crossing $3,000 psf, says Gafoor. With previous launches in the area being fully sold, there may be pent-up demand for new homes in the district, making Aurea an attractive option for homebuyers and investors. The project is expected to be completed in 2Q2029.