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Golden Mile Tower to be launched for en bloc sale at indicative price of S$650m

The impending tender follows the successful collective sale of neighbouring Golden Mile Complex earlier this year

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Corinne Kerk

Published Mon, Nov 14, 2022 · 05:50 AM
    • Situated between Nicoll Highway and Beach Road, Golden Mile Tower was completed in 1974, one year after its sister building, Golden Mile Complex.
    • Golden Mile Tower was constructed in the Brutalist style, and has a striking spiral staircase that is frequently featured on Instagram.
    • Golden Mile Tower's Instagram-friendly spiral stairs viewed from the bottom.
    • View out of one of Golden Mile Tower's distinctive capsule-shaped windows.
    • Golden Mile Tower's 22nd floor office lobby.
    • Golden Mile Tower's carpark also sports the building's signature capsule-shaped designs, though they are now obscured by another building.
    • Situated between Nicoll Highway and Beach Road, Golden Mile Tower was completed in 1974, one year after its sister building, Golden Mile Complex. PHOTO: ERA
    • Golden Mile Tower was constructed in the Brutalist style, and has a striking spiral staircase that is frequently featured on Instagram. PHOTO: CORINNE KERK
    • Golden Mile Tower's Instagram-friendly spiral stairs viewed from the bottom. PHOTO: CORINNE KERK
    • View out of one of Golden Mile Tower's distinctive capsule-shaped windows. PHOTO: CORINNE KERK
    • Golden Mile Tower's 22nd floor office lobby. PHOTO: CORINNE KERK
    • Golden Mile Tower's carpark also sports the building's signature capsule-shaped designs, though they are now obscured by another building. PHOTO: CORINNE KERK

    FURTHER revitalisation of the Beach Road area could be on the cards with Golden Mile Tower set to be launched for collective sale on Nov 18 at an indicative price of S$650 million.

    Located at 6001 Beach Road, the 99-year leasehold commercial development sits next to the iconic Golden Mile Complex, which was itself successfully sold en bloc in May to a consortium comprising Far East Organization, Perennial Holdings and Sino Land for S$700 million.

    Golden Mile Tower has a plot size of 8,727 square metres (sq m) and a gross floor area (GFA) of 38,953.7 sq m. With a plot ratio of 4.46, the asking price of S$650 million for the site translates to S$1,550 per square foot per plot ratio.

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