Far East, Perennial to unveil Aurea residential tower at prices starting from S$1.92 million
Developers are also offering ‘early bird’ pricing on commercial units at The Golden Mile
FAR East Organization and Perennial will start previews of their residential tower Aurea on Feb 22, with prices starting from S$1.92 million, or S$2,750 per square foot (psf).
The 45-storey tower in Beach Road will house 188 units and is part of the transformation of Golden Mile Complex into a new commercial hub with offices, medical units and retail spaces.
The smallest units, under the Prestige Collection, are two-bedroom and three-bedroom units of 635 to 1,001 square feet (sq ft).
The Signature Collection includes four-bedroom units of 1,442 to 1,798 sq ft; while five-bedroom units, that are part of the Sky Villa Collection, are 2,863 to 3,251 sq ft.
There are also two penthouses offered in the Sky Villa Collection. One six-bedroom duplex penthouse is 5,608 sq ft, while the six-bedroom triplex penthouse goes up to 8,816 sq ft and comes with a pool.
Aurea stands on a 144,908 sq ft site acquired by a consortium of Perennial Holdings, Far East Organization and Sino Land in the collective sale of Golden Mile Complex for S$700 million in 2022.
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The deal, struck below the reserve price of S$800 million, was the first collective sale of a large strata-titled development that had been gazetted as a conserved building.
The Brutalist building was built in 1973 and gazetted for conservation in October 2021. In August 2024, the Urban Redevelopment Authority (URA) granted the developers permission to add four storeys of office space to the complex, as well as build the 45-storey Aurea.
The District 7 site is a five-minute walk from Nicoll Highway MRT station and located in the Core Central Region.
The conserved complex, christened The Golden Mile, will comprise an architecture centre, two floors for retail spaces, 19 medical units and 156 strata-titled office units.
Offices will take up about 70 per cent of the area dedicated to commercial purposes. Aurea is linked to The Golden Mile via an elevated link bridge on Level 2.
Early-bird pricing for the commercial units starts at S$3,100 psf or S$2.4 million for an office unit; while a medical suite starts at S$3,500 psf or S$2.6 million.
“Agents are currently in different stages of discussions with their potential buyers. We plan to begin taking bookings for the different product types in phases,” the developers said in response to queries from The Business Times.
The most recent new project launched in District 7 was GuocoLand’s 558-unit Midtown Modern, part of its sprawling Guoco Midtown mixed development.
Launched in 2021, the project sold about 340 units or 61 per cent of its 558 units at an average of about S$2,800 psf during the launch weekend, and was fully sold as at December 2024.
GuocoLand had earlier marketed Midtown Bay in 2019, with units transacted at prices ranging from S$2,600 psf to S$3,800 psf. Caveats data shows that the project has sold 139 of its 219 units since its launch, with the prices of units sold in 2024 ranging between S$3,000 psf and S$4,000 psf.
The six-month median price of units sold in District 7 currently stands at S$2,078 psf, according to data from URA’s Realis.
Aurea will start booking sales on Mar 8, and is expected to be completed in 2029.
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