Golden Mile Complex

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  1
 0
 0

Sale Price *

Average
S$ 664 psf
Range
S$ 664 - 664 psf

Rental Price **

Average
S$ 3.1 psf pm
Range
S$ 3.1 - 3.1 psf pm

Rental Yield **

5.5%

Rental income expressed as a percentage of the property's value.

Amenities

3.5
3.5

Convenience

4.2
4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Golden Mile Complex is a leasehold (99 yrs from 1969) apartment completed in 1974. The development occupies a land area of 13,465 sqm. It consists of 68 units. According to records, buyers of this development are Singaporean 66.7%, PR 15.8%, Foreigner 1.8%, Company 15.8%.

GOLDEN MILE COMPLEX is located along Beach Road in Kallang, in District 7. It is accessible through the nearest MRTs including Nicoll Highway CC5 and Lavender EW11.

Based on transaction data in the last 12 months, sale prices range from S$ 664 psf to S$ 664 psf at an average of S$ 664 psf. Its highest recorded transaction was S$ 1,015 psf in Oct 2012 for a 926-sqft unit. Its lowest recorded transaction was S$ 119 psf in Oct 2004 for a 926-sqft unit. Its current rental yield is at 5.5%. Other nearby amenities include: 3 Grocerie(s): LOH NYEN YIU, MAHOTA FOOD PTE. LTD., PRIME SUPERMARKET LIMITED, and 3 Shopping Mall(s): City Gate, Textile Centre, Kitchener Complex.

Buyers and tenants are attracted to District 7, which consists of Beach Road, Bugis, the Golden Mile, Middle Road and Rochor areas. Most of the properties in this district are commercial properties with a small selection of residential properties. Home buyers looking for Bugis properties can choose from a small selection of HDB flats off Middle Road, at Bras Basah Complex and at Rochor Centre. The private residential properties at Bugis are similarly scarce, with projects such as Duo Residences and Midtown Modern witnessing strong demand. Shopping and dining options abound in District 7, with many malls in the area including Bugis Junction and Bugis+. Many hotels such as the Intercontinental Singapore, Carlton Hotel and Raffles Hotel are located within the district or in close proximity to cater to tourists visiting the region.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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4
"Covid 19 shuts all leisure travelling overseas, Thailand is no exception. Just drop by to have some authentic Thai foods to satisfy what is like in Thailand. It s value for money"
A********
Google Review     |   09 Nov 2021
3
"+ Variety of Food is good. +/- Quite a decent number of facilities to do, otherwise not. - Toilets are SUPER SUPER Dirty."
K**
Google Review     |   11 Dec 2020
4
"If you venture well in the restaurants of Golden Mile Complex, you will know which ones serve authentic and delicious Thai food. Sad to say, some (the bigger restaurants) just cater to Singaporean palette, which is not authentic. Aim for the smaller and less prominent restaurants, you will be surprised."
C***** B**
Google Review     |   19 Nov 2020
4
"Building a bit run down but good stuff here"
J******* L**
Google Review     |   11 Sep 2020
1
"Should exit Steven rd exchange instead of sim Ave. 2long distance."
S***** A**
Google Review     |   09 Sep 2020
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
No data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of GOLDEN MILE COMPLEX

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Date
Area(sqft)
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Price(S$ psf)
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Type of Sale
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Type of Area
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Source

Asking Price of GOLDEN MILE COMPLEX

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
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0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of GOLDEN MILE COMPLEX

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

No data

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Property News

Golden Mile Complex granted Sale Order, handover of vacant possession expected in May 2023

Property News

Golden Mile Complex sold for $700 mil to Perennial, Sino Land, and Far East Organization joint venture

Property News

Strata owners of Golden Mile Complex give nod to $700 mil bid by Far East Organization-Perennial Holdings

Property News

Far East Organization, Perennial Holdings make $700 mil offer for Golden Mile Complex

Property News

[UPDATE] Golden Mile Complex: Test case for collective sale and conservation

FAQs about GOLDEN MILE COMPLEX

What is the nearest MRT Station to GOLDEN MILE COMPLEX ?
The nearest MRT Station from GOLDEN MILE COMPLEX is Nicoll Highway CC5 MRT

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