Golden Mile Complex

Apartment · in Downtown Core, District 7, Singapore · 99 yrs from 04/08/1969 · Completed 1974

Data through 1 February 2023

Golden Mile Complex project gallery

Site plan is shown first when available. Scroll to view more project images.

Intro: Golden Mile Complex is a historic mixed-use development on Beach Road currently undergoing redevelopment following its successful collective sale 🏗️.
Good to know: Completed in 1974, it was once a vibrant cultural hub famous for its authentic Thai food scene 🍲; Located within a five-minute walk of Nicoll Highway MRT station, offering quick access to the Circle Line 🚆.
Practical note: As the building is slated for demolition and redevelopment, it is no longer suitable for long-term residential occupancy or investment.

D7CCRCentralDowntown Core

< 1km

MRT Station

Near

$1M+ HDB

Mega

Development

< 10y

Property Age

> 1K

MOPs in Town

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Golden Mile Complex project details

Street

Beach Road

Property Type

Apartment

Completion

1974

Total Units

-1

Unit Size

926 - 8,687 sqft

Tenure

99 yrs from 04/08/1969

Lease Remaining

42 yrs

Postal Sector

GLS Site

Land Use

Office

Development Type

Office / Shopping / Flats

Site Area

13525.30

Plot Ratio

3.00

GLS Launch

15-06-1967

Tender Closed

16-10-1967

Awarded

14-11-1967

Awarded To

Singapura Developments Pte Ltd

Bids

Winning Tender

2911720.00

Land Rate (GFA)

71.76

Land Rate (ppr)

6.67

Max GFA (Est.)

40575.90

MRT and LRT stations near Golden Mile Complex

Nicoll Highway343 m MRTCC5
Lavender543 m MRTEW11
Bugis974 m MRTDT14

See details on nearby stations

Golden Mile Complex price, PSF and transaction trends

32%

HDB Buyers

$36.3M+

Total Transacted

01-05-1995

First Transacted

08-05-2020

Last Transacted

Total Transactions

Golden Mile Complex transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Golden Mile Complex, the median price was S$1,234,000 and the median PSF was S$649 psf. The newest record shown is from 8 May 2020. The annual project median was 181.0% higher in 2020 than in 2008; unit mix can affect year-to-year comparisons.

Recent Golden Mile Complex transactions

Date	Sale type	Price	PSF	Size
8 May 2020	Resale	S$1,458,890	S$664 psf	2,196 sqft
30 March 2020	Resale	S$1,250,000	S$561 psf	2,228 sqft
11 July 2017	Resale	S$680,000	S$735 psf	926 sqft
29 April 2015	Resale	S$1,400,000	S$638 psf	2,196 sqft
1 July 2014	Resale	S$1,218,000	S$555 psf	2,196 sqft

Golden Mile Complex median transaction PSF (S$)

Golden Mile Complex annual price trend

Year	Median price	Median PSF	Recorded sales
2020	S$1,354,445	S$612 psf	2
2017	S$680,000	S$735 psf	1
2015	S$1,400,000	S$638 psf	1
2014	S$1,218,000	S$555 psf	1
2012	S$1,238,500	S$858 psf	2
2011	S$850,000	S$918 psf	1
2009	S$565,000	S$610 psf	3
2008	S$1,400,000	S$218 psf	1

100.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

5.8 yrs

Avg Holding

$8,890

Total Profits

Golden Mile Complex annualized profit %

View full details

Golden Mile Complex rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for Golden Mile Complex, the median monthly rent was S$2,750, with records ranging from S$1,700 to S$6,300.

Recent Golden Mile Complex rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 February 2023	2 BR	S$2,600	S$3 psf	800-900
1 December 2022	2 BR	S$2,700	S$3 psf	900-1000
1 December 2022	3 BR	S$4,350	S$2 psf	2100-2200
1 September 2022	2 BR	S$2,600	S$3 psf	900-1000
1 September 2022	2 BR	S$3,500	S$4 psf	900-1000

Golden Mile Complex rental volume

View full details

Frequently asked questions about Golden Mile Complex

How much do units at Golden Mile Complex cost?

The latest 12 recorded sales show a median price of S$1,234,000 and a median of S$649 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Golden Mile Complex?

The latest recorded median monthly rent is S$2,750. Rental yield is indicative and can vary by unit and costs.

Is Golden Mile Complex freehold or leasehold?

Golden Mile Complex has a tenure of 99 yrs from 04/08/1969.

When was Golden Mile Complex completed?

Golden Mile Complex was completed in 1974.

Which MRT or LRT station is nearest to Golden Mile Complex?

Nicoll Highway is the nearest station shown, at an estimated straight-line distance of 343 metres.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 February 2023. Figures are indicative and do not constitute financial advice.