Perennial Holdings and Far East Organization have announced their plans for the revitalization of Golden Mile Complex, now known as Golden Mile Singapore. This will be Singapore’s first large-scale strata-titled conserved building, preserving its iconic identity as a tropical linear urban complex with brutalist architecture.
The conserved building, now called The Golden Mile, will house 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 entire development will be known as Golden Mile Singapore.
According to CEO Pua Seck Guan, Perennial Holdings and Far East Organization are determined to elevate and recapture the status of Golden Mile Complex as a next-generation urban complex in Singapore. They have partnered with DP Architects and Studio Lapis to design the project. Both firms were involved in the initial design and development of Golden Mile Complex.
Previously, 40% of the strata area at Golden Mile Complex was reserved for retail, with 41% for offices and 19% for residential use. The revamped Golden Mile Singapore will see a reduction in the retail area to 15%, with offices occupying 48%, and 30% set aside for residential use. The remaining 4% and 3% will be used for medical suites and the architecture centre, respectively. The architecture centre will be established under the government’s Community/Sport’s Facilities Scheme, with 24,994 sq ft of land given back to URA for its construction.
Two new public access urban gardens will be created on the 9th and 18th floors, utilizing previously vacant spaces in the complex. The rooftop will also be turned into a sky garden on the 18th floor.
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The new two-storey retail component will feature an event space and F&B options, replicating the original street shop-style retail experience. These units will not be available for sale and will be curated by the developers.
The office units and medical suites will be available for sale this month, with six different office layouts to cater to a variety of end-users. The office suites will have a dedicated lobby, and new lift cores will be added to support the office floors above. The Flagship office units on the 4-7th floors will have direct access to the basement carpark and retail floors. The Loft Mezzanine units on the 6th-15th floors will have bay views and a double-volume ceiling, while the Loft Executive units on the 5th floor will offer full-height windows with landscape views.
Meanwhile, a new 45-storey residential tower, called Aurea, is being developed on the site of the former residential carpark. The 188-unit condominium is scheduled to be previewed next quarter.
Pua believes that the office units, particularly the Loft Mezzanine units, will appeal to family offices. The other layouts will cater to a variety of corporate tenants.
The joint venture partners aim to create an ecosystem of tenants from various industries and market segments. The Golden Mile will comprise a mix of tenant profiles, from corporate tenants to family offices. Prospective buyers will be screened for their suitability to create a diverse community within the development.