{"id":102944,"date":"2019-01-14T11:27:53","date_gmt":"2019-01-14T04:27:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-will-not-be-the-same-again-once-sold\/"},"modified":"2019-01-14T12:04:07","modified_gmt":"2019-01-14T05:04:07","slug":"golden-mile-complex-will-not-be-the-same-again-once-sold","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-will-not-be-the-same-again-once-sold\/","title":{"rendered":"Golden Mile Complex will not be the same again once sold"},"content":{"rendered":"


\nThe iconic building is currently on sale for $800 million after over 80 percent of its owners agreed to sell it. (Photo: ET&Co.)
\nHomeowners at Golden Mile Complex believe the development would not be the same even if the iconic building is kept, reported Today Online.
\nOne of Singapore\u2019s first mixed-use developments, Golden Mile Complex was completed in 1973 and features 418 retail, 227 office and 68 residential units.
\nThe 46-year-old building is currently on sale for $800 million after over 80 percent of its owners agreed to sell it.
\nMore: Designer Calls For National Referendum On Fate Of Iconic Buildings
\nThe Urban Redevelopment Authority\u2019s (URA) planning advice indicated that developers can build an integrated development on the site with a gross floor area of about 86,000 sq m, which includes retaining the iconic building and constructing a new one beside it.
\nHowever, owners and staff at the development believe the building will only be a shell of its former self once the deal is signed.
\n\u201cThey keep the building but they won\u2019t keep these people here. Maybe the exterior is the same but the interior will not be the same. No way to replicate this place any more. Once it\u2019s gone, it\u2019s just memories,\u201d said residential unit owner Mr Lai.
\nAside from its iconic architecture, the mixed-use development is also a haven for the Thai community in Singapore.
\nIn fact, its unique Thai identity is also celebrated by one of the building\u2019s three main architects, Tay Kheng Soon.
\n\u201cIt is one of the most popular and most successful Thai food centres, which satisfies the original idea that you can have upper class (of residents) above and you can have the working class below,\u201d said the 77-year-old.
\nThe Thai community began settling in the development in the early 1980s and 1990s during the construction boom.
\n\u201cEvery day we see groups of 20, 30 Thai construction workers. They carry pots and pans, rice, pillows\u2026 everything,\u201d recalled Mr Lai.
\nBut as the construction workforce started to rely less on Thais and more on workers from India and Bangladesh, the crowds at Golden Mile gradually thinned.
\nDespite that, shop owners and residents noted that the Thai culture at the development remained strong.
\nThe building continues to be very crowded during Thai festivals like Song Kran in April, said Ponno Kalastree, who owns a residential unit and two office spaces at Golden Mile Complex.
\nRobert Yao, who owns a muay thai boxing gym, said being situated within the development is a way of spreading Thai culture to his students who are mostly non-Thai nationals.
\n\u201cIf it\u2019s here, it shows you are spreading Thai culture in food, in clothes,\u201d he said. \u201cYou can\u2019t create another \u201cLittle Thailand\u201d. It must come from the people\u2019s culture. And you can\u2019t recreate that. It\u2019s built over time.\u201d
\nEven for residents such as Mr Kalastree and Ms Chang who agreed to the collective sale, they said their decision was out of necessity considering that the old building is now riddled with various maintenance issues.
\n\u201cIf no water problems, I won\u2019t think about moving out for sure,\u201d said Ms Chang.
\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 will not be the same again once sold<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The iconic building is currently on sale for $800 million after over 80 percent of...<\/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-102944","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-qMo","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":102944,"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":102944,"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":100690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-up-for-sale-at-800m\/","url_meta":{"origin":102944,"position":2},"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":122810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/","url_meta":{"origin":102944,"position":3},"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":126299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-see-strong-demand-for-farrer-park-flats-golden-mile-complex-gets-green-light-for-collective-sale-at-700mil-and-more\/","url_meta":{"origin":102944,"position":4},"title":"Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more","date":"May 5, 2022","format":false,"excerpt":"\r Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more19th April to 2nd May\u00a02022 Analysts expect the upcoming 1,600 Build-to-Order (BTO) flats in Farrer Park to receive strong demand, given the new estate\u2019s desirable location and amenities. Meanwhile,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/singapore-river-merlion-cbd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":82190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-post-independence-landmarks-attempt-en-bloc-sale\/","url_meta":{"origin":102944,"position":5},"title":"4 post-independence landmarks attempt en bloc sale","date":"March 8, 2018","format":false,"excerpt":"\r View of People\u2019s Park Complex in Chinatown. (Photo: Nicolas Lannuzel, Wikimedia Commons) Four post-independence landmarks in Singapore \u2013 People\u2019s Park Complex and People\u2019s Park Centre in Chinatown, as well as Golden Mile Complex and Golden Mile Tower at Beach Road \u2013 may soon disappear from the city\u2019s landscape, reported\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\/102944"}],"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=102944"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}