{"id":122810,"date":"2021-10-25T02:21:51","date_gmt":"2021-10-24T19:21:51","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/"},"modified":"2021-10-25T11:05:14","modified_gmt":"2021-10-25T04:05:14","slug":"golden-mile-complex-now-a-conserved-building","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/","title":{"rendered":"Golden Mile Complex now a conserved building"},"content":{"rendered":"


\nCompleted in 1973, the 16-storey Golden Mile Complex is one of Singapore\u2019s first high-rise mixed-use developments.
\nThe 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.
\nThe move made the 16-storey building the first modern, large-scale, strata-titled development to be conserved within the city-state.
\nLee said the decision to conserve the iconic development \u201cwas not taken lightly\u201d.
\n\u201cIn our small city-state, we have to steward our limited land carefully, balancing many competing needs \u2013 housing and social amenities, offices and factories, nature and greenery, and more,\u201d said the Minister for National Development as quoted by CNA.
\nCompleted in 1973, Golden Mile Complex is situated along Nicoll Highway and Beach Road. It is recognisable for its signature step-terraced fa\u00e7ade.
\nIn announcing the conservation, Lee acknowledged the collective sale plans of the owners of Golden Mile Complex and that some may consider the conservation a \u201cconstraint\u201d.
\nThe minister explained that URA had made efforts to ensure that the conservation did not undermine the collective sale efforts of the owners.
\nIn fact, URA\u2019s conservation proposal last year came with a \u201csignificant\u201d incentive package to make the site\u2019s development options more attractive to potential buyers.
\nHe noted that the incentives had been refined to take into consideration the feedback of owners.
\n\u201cThe development potential of the site is increased with conservation. The developer will be able to build a new tower block about 30-storeys high, beside the main building,\u201d said Lee as quoted by CNA.
\n\u201cThe site boundary may also be extended to include part of the adjacent state land, for more design flexibility.\u201d
\nThere will also be tax incentives, which include a full development charge waiver on the conserved floor area and a partial waiver on the bonus floor area.
\nThe development\u2019s lease tenure may also be renewed to a fresh 99-year lease, subject to the relevant agencies\u2019 approval.
\n\u201cThe incentive package is unique to Golden Mile Complex, as its conservation is the first of its kind, another pioneering endeavour,\u201d said Lee.
\n\u201cWe hope that developers will consider the potential of the site, alongside our vision to rejuvenate a national icon.\u201d
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Golden Mile Complex now a conserved building<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Completed in 1973, the 16-storey Golden Mile Complex is one of Singapore\u2019s first high-rise mixed-use...<\/p>\n","protected":false},"author":1,"featured_media":122811,"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-122810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/golden-mile-complex.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vWO","jetpack-related-posts":[{"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":122810,"position":0},"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":102802,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development\/","url_meta":{"origin":122810,"position":1},"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":122810,"position":2},"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":122810,"position":3},"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":126352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/absd-of-35-to-be-imposed-on-transfers-of-residential-properties-into-living-trust-golden-mile-complex-sold-en-bloc-for-700mil-and-more\/","url_meta":{"origin":122810,"position":4},"title":"ABSD of 35% to be imposed on transfers of residential properties into living trust, Golden Mile Complex sold en bloc for $700mil and more","date":"May 9, 2022","format":false,"excerpt":"\r ABSD of 35% to be imposed on transfers of residential properties into living trust, Golden Mile Complex sold en bloc for $700mil and more3rd May to 9th May 2022 The Government imposed an Additional Buyer\u2019s Stamp Duty (ABSD) of 35% on any transfer of residential property into a living\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/108140230_s-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"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":122810,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122810"}],"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=122810"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/122811"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}