{"id":100690,"date":"2018-10-30T23:01:46","date_gmt":"2018-10-30T16:01:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-up-for-sale-at-800m\/"},"modified":"2018-10-30T23:03:42","modified_gmt":"2018-10-30T16:03:42","slug":"golden-mile-complex-up-for-sale-at-800m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-up-for-sale-at-800m\/","title":{"rendered":"Golden Mile Complex up for sale at $800m"},"content":{"rendered":"


\nThe landmark property close to Nicoll Highway MRT station could be redeveloped into an integrated development. (Photo: ET&Co)
\nGolden Mile Complex, a landmark commercial property with a step-terraced building design along Beach Road, has been put up for collective sale with a reserve price of $800 million, revealed marketing agent Edmund Tie & Company (ET&Co).
\nNestled on a 1.3ha site zoned commercial under the 2014 Master Plan, the property offers dual frontage along Nicoll Highway and Beach Road.
\nIt is strategically located near Nicoll Highway MRT station on the Circle Line, just outside the ERP zone.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nSituated within the Beach Road\/Ophir-Rochor Corridor, Golden Mile Complex presents developers an opportunity to create a landmark development that integrates work, live and play elements, said ET&Co.
\nAs such, the differential premium to intensify land use and lease upgrading premium to top up the lease to 99 years will depend on the proposed land use mix of the developer.
\n\u201cThe new Golden Mile Complex will be an essential part of the rejuvenation of the Beach Road corridor and we are working closely with DP Architects and URA on the conservation of the building and further ways to enhance its potential,\u201d said ET&Co senior director of investment advisory Swee Shou Fern.
\n\u201cThis unique adaptive reuse opportunity provides the developer with the chance of incorporating a new vision into this iconic development\u2026The collective sale of a large-scale conserved building in Singapore is unprecedented and we will be conducting a longer tender process to allow interested parties to carry out a detailed study.\u201d
\nWith Golden Mile Complex under conservation study, the URA has advised that they are open for discussions to facilitate the iconic building\u2019s conservation.
\n\u201cMany successful developments that integrate older buildings not only manage to optimise the land use efficiency, but also leverage on the history of the site to bring value to the sense of place and identity of the development. We can create win-win situations with sensitive adaptive reuse,\u201d said DP Architects director Chan Hui Min.
\nThe tender for Golden Mile Complex closes 30 January 2019.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Golden Mile Complex up for sale at 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The landmark property close to Nicoll Highway MRT station could be redeveloped into an integrated...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100690","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qc2","jetpack-related-posts":[{"id":102802,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development\/","url_meta":{"origin":100690,"position":0},"title":"Golden Mile Complex may be used for integrated development","date":"January 9, 2019","format":false,"excerpt":"\r The iconic development has been put up for collective sale at $800 million. (Photo: ET&Co) The landmark Golden Mile Complex may be developed into an integrated development with a gross floor area (GFA) of 85,977.5 sq m, provided its main building is conserved, according to the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development-says-ura\/","url_meta":{"origin":100690,"position":1},"title":"Golden Mile Complex may be used for integrated development, says URA","date":"January 9, 2019","format":false,"excerpt":"\r The iconic development has been put up for collective sale at $800 million. (Photo: ET&Co) The landmark Golden Mile Complex may be developed into an integrated development with a gross floor area (GFA) of 85,977.5 sq m, provided its main building is conserved, according to the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/","url_meta":{"origin":100690,"position":2},"title":"Golden Mile Complex now a conserved building","date":"October 25, 2021","format":false,"excerpt":"\r Completed in 1973, the 16-storey Golden Mile Complex is one of Singapore\u2019s first high-rise mixed-use developments. The Golden Mile Complex \u2013 one of Singapore\u2019s first high-rise mixed-use developments \u2013 has been gazetted as a conserved building, reported Channel News Asia (CNA), citing Minister for National Development Desmond Lee. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-developments-set-to-attract-upscale-tenants-along-singapores-beach-road\/","url_meta":{"origin":100690,"position":3},"title":"New developments set to attract upscale tenants along Singapore\u2019s Beach Road","date":"May 6, 2019","format":false,"excerpt":"\r From Guoco Midtown and Shaw Towers to the new residential developments at Tan Quee Lan Street and Middle Road, the Beach Road-Rochor Road area is set for a massive renewal.For the past four decades, those driving along Nicoll Highway from Singapore\u2019s east coast to the central business district have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guoco-midtown-project-in-beach-road-to-feature-200-homes\/","url_meta":{"origin":100690,"position":4},"title":"Guoco Midtown project in Beach Road to feature 200 homes","date":"November 27, 2018","format":false,"excerpt":"\r View of the Guoco Midtown site along Beach Road in the CBD. (Photo: URA) Singapore developer GuocoLand recently said it has started construction work on its mixed-use development along Beach Road. Dubbed Guoco Midtown, the integrated project will have a total gross floor area (GFA) of around 950,500 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citygate-receives-top-now-ready-for-occupation\/","url_meta":{"origin":100690,"position":5},"title":"CityGate receives TOP, now ready for occupation","date":"December 20, 2018","format":false,"excerpt":"\r Located along Beach Road, the CityGate project offers waterfront views of the Kallang River. Property buyers and investors can now use their condominium units or commercial premises at the CityGate project in District 7, according to an SGX filing on Wednesday (19 Dec). \u201cBayfront Ventures, a 50:50 joint venture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100690"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100690"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100690\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}