Aedge Group, through its subsidiary IPF Investments, has bought a freehold corner commercial and institution-zoned terraced property at 2 Westerhout Road in the Geylang-Eunos precinct, District 14, for $7.5 million. The 297.4 sq m (3,201 sq ft) site was disclosed in a bourse filing dated 12 October 2026, marking Aedge's fourth property purchase and its first commercial asset. Executive chairman and chief executive Poh Soon Keng flagged how rare freehold commercial properties of that kind have become.
A Corner Site in Geylang-Eunos, Seen From The Golden Mile in Beach Road
Geylang-Eunos and the Beach Road stretch that is home to The Golden Mile are both east-of-centre precincts, but they read very differently on the ground. Geylang-Eunos is a mixed, light-commercial district built around smaller terraced plots like the one Aedge just bought. The Golden Mile occupies a single large, conserved landmark at 800 Beach Road, in District 7, with frontage to both Beach Road and Nicoll Highway and views across Kallang Basin.
District 14 and The Golden Mile's District 7: Two Different Readings of Scarcity
Aedge's purchase is freehold, which is part of why its executive chairman and chief executive called properties of that kind rare. The Golden Mile runs on a different structure altogether: a 99-year lease from 18 November 2024, under developer GMC Property Pte Ltd, the vehicle of Perennial Holdings and Far East Organization. Scarcity at The Golden Mile comes less from tenure and more from what the building itself is - the former Golden Mile Complex, built in 1973 and gazetted for conservation in 2021, a status no newly built commercial property in Singapore, freehold or leasehold, can replicate.
Why Location Still Drives Value Near The Golden Mile
Nicoll Highway MRT is about a 5-minute walk from The Golden Mile and Lavender MRT about 9 minutes, with Bugis on the Downtown Line roughly 1 km away and Kallang Riverside Park just 3 minutes on foot; Kampong Glam is also about 9 minutes away on foot. That connectivity sits alongside 156 strata offices across Levels 3 to 22, sized from 710 to 5,393 sq ft in the Premium, Loft, Enterprise and Crown collections, plus 19 strata medical suites on Level 3 sized from 506 to 2,454 sq ft, over a two-level retail podium - a scale and mix a single corner terraced plot in Geylang-Eunos was never going to offer.
What a District Lens Means for a Buyer Considering The Golden Mile
The two transactions sit at opposite ends of the same east-of-centre arc of Singapore, one a small freehold corner buy for a company's own use, the other a conserved 22-storey landmark offering strata ownership by the floor. The Golden Mile remains open for sale on a register-only basis, with expected vacant possession on 30 September 2029 and expected legal completion on 30 September 2032. Details on the address and its connections are on the location page, and the Sales Concierge can be reached through the contact page for project details and balance units. The building's basement car park and its 22-storey massing are themselves part of what the 2021 conservation gazette protects, a structural scale that a single-storey corner terraced plot like the one in Geylang-Eunos was never built to hold, and part of why a conserved landmark and a small freehold corner site end up serving such different kinds of buyers even when both sit inside the same stretch of the city.
Source: EdgeProp.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; The Golden Mile is not affiliated with the parties mentioned.
Talk to the Sales Concierge About The Golden Mile
The Sales Concierge sends the floor-plan brochure, the current price list and availability for The Golden Mile, and arranges a private sales gallery session.