The former Golden Mile Complex, now known as Golden Mile Singapore, is set to enter a new chapter in its rich history. On December 10, Perennial Holdings and Far East Organization unveiled their plans for the conservation building at a press conference. The two development partners showcased their vision for the refurbished complex and announced the preview of the strata-titled commercial units.
Dubbed as Singapore’s first large-scale strata-titled conserved building, Golden Mile Singapore aims to preserve the iconic identity of the former Golden Mile Complex as a tropical linear urban complex with brutalist architecture. The conserved building has been renamed The Golden Mile and will feature 156 Grade A office units, 19 medical suites, a two-storey retail component spanning 123,388 sq ft, and a public access architecture centre.
The office units and medical suites will be available for sale this month, although the developers have not yet released indicative pricing for these units. Meanwhile, a new 45-storey residential tower called Aurea is being developed on the site where the residential carpark used to be. The 188-unit condominium is expected to be previewed next quarter.
Pua Seck Guan, CEO of Perennial Holdings, reminisced about the vibrant and eclectic retail mix that characterized the heyday of Golden Mile Complex in the 1970s. However, over time, the strata-titled ownership of the building changed its profile, and its positioning as a prime mixed-use development eroded. Pua states that Perennial Holdings and Far East Organization are committed to recapturing and elevating the building’s status as a next-generation urban complex in Singapore.
For the revitalization of Golden Mile Singapore, the two development partners have collaborated with homegrown architecture firm DP Architects and architecture conservation specialist consultancy Studio Lapis. They are working together to realize a new vision for the complex. DP Architects was the original architecture firm that proposed the iconic design and mixed-use proposition of Golden Mile Complex.
Previously, the strata area of Golden Mile Complex was divided into 40% retail space, 41% office space, and 19% residential use. However, for the revamped Golden Mile Singapore, the proportions have been adjusted with retail taking up 15% of the strata area, offices occupying 48%, 30% set aside for residential units, and the remaining 4% and 3% for the new medical suites and architecture centre, respectively. The architecture centre will be established under the government’s Community/Sport Facilities Scheme, and 24,994 sq ft has been given back to URA for this purpose.
In addition to the new architecture centre, two new public access urban gardens will also be created on the 9th and 18th floors of the building. The rooftop level on the 18th floor will be transformed into a public access sky terrace. The joint venture partners have utilized previously vacant spaces in the former Golden Mile Complex, including the rooftop, to create these gardens.
The retail experience at Golden Mile Singapore will also be upgraded with a revamped two-storey retail atrium that features a new event space and F&B offerings. The new design will bring back natural light and ventilation, giving shoppers an experience reminiscent of the building’s original design. The retail units will be curated and retained by the joint venture partners, and they will not be available for sale.
This month, Perennial and Far East will launch the preview of the strata-titled office units at The Golden Mile. Six different layouts have been created to cater to diverse end-users. The office suites will come with a dedicated lobby, and new lift cores will support the office floors above. In addition, new lift shafts and cores have been added to serve the increased number of office units and provide private lift access. The new office lobby will also feature a 6m high ceiling and modern Grade A facilities, such as a concierge and centralised access control.
The Flagship office units, located on the 4th to 7th floors, will have a dedicated lift lobby providing direct access to the basement carpark and retail floors. Each unit will come with two toilets and ranges from 1,378 sq ft to 4,682 sq ft. The Loft Suites and Loft Executive units, located on the 4th and 5th floors, respectively, will feature full-height windows and views of Beach Road. The Loft Suites range from 958 sq ft to 2,034 sq ft, while the Loft Executive units range from 710 sq ft to 926 sq ft.
The Loft Mezzanine units, on the 6th to 15th floors, will enjoy bay views, double-volume ceilings, and balconies for natural ventilation and illumination. These units also feature a dual-key design, a first for strata-titled commercial units, and range from 1,528 sq ft to 2,799 sq ft. The 16th and 17th floors feature the Enterprise Office units, which were initially duplex penthouse units and will offer panoramic city and bay views. These units will come with two toilets each and range from 1,851 sq ft to 3,122 sq ft.
The top four floors of The Golden Mile will feature the newly built Crown Office units, with four units per floor, except for the penthouse floor which will have two. These units range from 3,315 sq ft to 5,393 sq ft. According to Pua, the Loft Mezzanine units will appeal to family offices, while the other layouts will cater to a variety of corporate tenants. The Golden Mile’s tenant profile will eventually be a mix of corporate tenants and family offices, with a focus on creating an eclectic mix of tenants from different industries and market segments.
Investing in a condominium in Singapore comes with numerous benefits, one of which is the potential for impressive capital appreciation. With its strategic location as a global business hub and a robust economy, the demand for real estate in Singapore remains consistent. As a result, property prices in the country have steadily risen over the years, making condos in prime areas exceptionally appealing investments. By carefully timing their entry into the market and holding onto their properties for an extended period, investors can reap significant capital gains. The addition of Singapore Projects to the mix only adds to the allure of this promising market.