FREQUENTLY ASKED QUESTIONS (FAQs)

The Golden Mile (formerly Golden Mile Complex) was gazetted for conservation in 2021, making it the first post-independence modernist building and first strata-titled mixed-use development in Singapore to receive this status. This means its iconic external form and key internal features are legally protected. For owners, it guarantees the building’s unique architectural character will be preserved, protecting your investment from unsightly alterations and ensuring its enduring prestige and historical value.

The URA restriction prohibits strata subdivision of commercial spaces in new developments within the Central Area. The Golden Mile’s plan was approved prior to this change, making it one of the last opportunities to purchase a brand-new, strata-titled office unit in this prime location. This creates a finite supply of 156 office units, which are expected to be highly sought-after due to the legislative scarcity.

Yes, standard Buyer’s Stamp Duty (BSD) of around 3-5% on the purchase price applies. Crucially, the Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD) do NOT apply to these commercial properties. This makes them a very tax-efficient investment compared to residential real estate.

The primary developers are Perennial Holdings Private Limited and Far East Organization. They formed a joint venture named GMC Property Private Limited to acquire and redevelop the project.

It refers to the entire integrated development comprising two main components:

1) The Golden Mile – the conserved commercial building with retail, medical suites, and offices, and

2) Aurea – a new 45-storey residential tower with 188 luxury units. The two are connected by an elevated link bridge, creating a true “Live, Work, Play” environment.

99-year leasehold from 18 November 2024

The medical suites can be purchased by any investor, not just licensed medical practitioners. However, to operate a medical clinic, the occupant must hold the relevant practicing licenses. The suites are a compelling investment due to regulatory caps on supply and strong rental demand from the healthcare sector.

Estimated Vacant Possession: Q3 2029; Legal Completion: Q3 2032

They are a unique product that combines the charm of a traditional shophouse (split-level, void space, street frontage feel) with the benefits of a modern high-rise (bay views, brand-new fittings, basement parking, 24/7 security, concierge). They also feature independent air-conditioning for flexible hours and dual-key layouts for rental flexibility.

The Golden Mile achieved BCA Green Mark Platinum certification through features like conserving the existing structure to save embodied carbon, using a façade with high thermal performance, and implementing smart systems. These include a highly efficient chiller plant, daylight harvesting, a smart LED lighting system, and renewable energy from solar photovoltaic panels.

Payment is progressive, tied to construction milestones. It begins with a 20% booking fee (5% on OTP, 15% on SPA exercise), followed by periodic payments during construction (totaling 55%), 25% upon Vacant Possession (est. Q3 2029), and a final 10% on Legal Completion (est. Q3 2032). This aids cash flow planning.

With high-speed internet infrastructure, varied unit sizes, and layouts that support collaboration or focus, the building is adaptable. The Modern Shophouse Offices and their independent AC allow for after-hours work. The integrated retail and amenities support a lifestyle that blends work and life seamlessly.

Yes. Commercial strata units are open to all buyers, with no ABSD or SSD

The Golden Mile is strategically located near Nicoll Highway and Lavender MRT stations and offers easy access to major expressways like the KPE and ECP. This provides a seamless commute to Changi International Airport, the Central Business District, and Orchard Road, and it is in close proximity to major MICE venues, hospitals, and lifestyle hubs

Located on the top floors (19-22), the Crown Offices are premium workspaces for companies seeking prestige. They feature large, open floor layouts for seamless amalgamation, stunning panoramic city and waterfront views through floor-to-ceiling low iron glass panels, high ceilings (3.2m), and a raised flooring system.