{"id":102802,"date":"2019-01-09T09:47:06","date_gmt":"2019-01-09T02:47:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development\/"},"modified":"2019-01-09T11:08:18","modified_gmt":"2019-01-09T04:08:18","slug":"golden-mile-complex-may-be-used-for-integrated-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development\/","title":{"rendered":"Golden Mile Complex may be used for integrated development"},"content":{"rendered":"


\nThe iconic development has been put up for collective sale at $800 million. (Photo: ET&Co)
\nThe 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 (URA).
\nThis comes after the property\u2019s marketing agent Edmund Tie & Company filed an outline application to retain the existing 16-storey building and to add a new block next to the building.
\n\u201cThe planning advice from URA indicates that under the existing commercial zone, the property may be developed as an integrated development comprising uses such as retail, office, residential, serviced apartments and hotels.\u201d
\nMore:\u00a0Over 30 En Bloc Sites Fail To Secure Buyers
\nWith a land area of about 1.3ha, the iconic development is located within the Beach Road\/Ophir-Rochor Corridor, near the Nicoll Highway MRT station on the Circle Line and just outside the ERP zone.
\n\u201cGolden Mile Complex is a national icon that has shaped the visual character of our built landscape. We are proud to present this rare opportunity for adaptive reuse,\u201d said Swee Shou Fern, senior director of investment advisory at Edmund Tie & Company.
\n\u201cIts distinctive architecture and worldwide iconic status will offer tremendous potential to transform the property into an exciting work-live-play destination in this growth area.\u201d
\nGolden Mile Complex is up for collective sale at $800 million.
\nEdmund Tie & Company noted that the differential premium and lease upgrading premium to intensify the land use and to top up the lease to a fresh 99 years respectively would depend on the proposed land use mix by the developer.
\nThe tender exercise for Golden Mile Complex closes on 30 January.
\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 may be used for integrated development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The iconic development has been put up for collective sale at $800 million. (Photo: ET&Co)...<\/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-102802","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-qK6","jetpack-related-posts":[{"id":102798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development-says-ura\/","url_meta":{"origin":102802,"position":0},"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":100690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-up-for-sale-at-800m\/","url_meta":{"origin":102802,"position":1},"title":"Golden Mile Complex up for sale at $800m","date":"October 30, 2018","format":false,"excerpt":"\r The landmark property close to Nicoll Highway MRT station could be redeveloped into an integrated development. (Photo: ET&Co) Golden 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-will-not-be-the-same-again-once-sold\/","url_meta":{"origin":102802,"position":2},"title":"Golden Mile Complex will not be the same again once sold","date":"January 14, 2019","format":false,"excerpt":"\r The iconic building is currently on sale for $800 million after over 80 percent of its owners agreed to sell it. (Photo: ET&Co.) Homeowners at Golden Mile Complex believe the development would not be the same even if the iconic building is kept, reported Today Online. One of Singapore\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-makes-second-collective-sale-attempt-price-remains-at-800mil\/","url_meta":{"origin":102802,"position":3},"title":"Golden Mile Complex makes second collective sale attempt, price remains at $800mil","date":"December 1, 2021","format":false,"excerpt":"\r The 16-storey Golden Mile Complex is making its second collective sale attempt at the same price of $800 million. Golden Mile Complex, which was gazetted as a conserved building in October, has once again been put up for collective sale with a reserve price of $800 million. This marks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/","url_meta":{"origin":102802,"position":4},"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":75423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-tenders-for-sengkang-central-hillview-rise-sites\/","url_meta":{"origin":102802,"position":5},"title":"URA launches tenders for Sengkang Central, Hillview Rise sites","date":"December 29, 2017","format":false,"excerpt":"\r Aerialview of Hillview Rise site. (Photo: URA) The Urban Redevelopment Authority (URA) has launched two sites at Sengkang Central and Hillview Rise for sale by public tender, with the bids to be evaluated under a concept and price revenue tender system. The sites, which come under the confirmed list\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\/102802"}],"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=102802"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}