Investing in real estate is all about location, and this is particularly important in Singapore. When considering buying a property, it is essential to look for condos in central locations or those near necessary amenities like schools, shopping malls, and public transportation hubs. These are the areas where property values tend to appreciate the most. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Families also seek out condos in these areas due to their proximity to good schools and educational institutions, making them even more desirable and increasing their investment potential. Additionally, the newly launched condos can also be considered as a viable investment option in these prime locations. You can check out New Condo Launches for more information on the latest condo developments in these highly sought-after areas.
Perennial Holdings and Far East Organization have introduced their latest project, Aurea, as part of the Golden Mile Singapore mixed-use development along Beach Road. With its prime location in District 7 in the Downtown Core and Core Central Region (CCR), Aurea boasts of 188 luxurious units across a 45-storey tower designed by DP Architects.
Apart from its prime location, Aurea also offers a range of facilities for residents, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, and multiple dining pavilions. The project features a mix of unit types, with two- and three-bedroom apartments making up 60% of the units and larger four-bedroom and penthouse units catering to affluent homebuyers in the CCR.
In addition to the residential tower, the development also includes The Golden Mile, a commercial building that has been conserved for its architectural heritage. This is a result of the first collective sale and conservation of a building in Singapore. The building comprises a mix of retail space, medical suites, and offices, and its revamped two-storey retail atrium will be curated by the joint venture partners to ensure a desirable tenant mix.
With its strategic location near major roadways and an MRT station, Golden Mile Singapore offers easy access to the CBD and other key areas such as Kallang Alive Precinct and the Bras Basah-Bugis district. The last launch in the Beach Road neighbourhood was Midtown Modern, with all its units sold at an average price of about $2,825 psf, while The M, its neighbouring 522-unit development, also sold out at an average price of $2,528 psf.
Given Aurea’s central location, upscale residences, and the iconic heritage of Golden Mile, it is expected that the apartment units could cross $3,000 psf. The project is set to be completed in 2Q2029, and is likely to attract a healthy interest from both homebuyers and investors, given the strong demand for new homes in the area.