The Golden Mile is developed by GMC Property Pte Ltd, Housing Developer’s Licence No. C1497, which is also the vendor of every strata office and medical suite in the building. GMC Property is the development company of Perennial Holdings and Far East Organization.
Perennial Holdings and The Golden Mile
Perennial Holdings Private Limited is an integrated real estate and healthcare company headquartered in Singapore. As an owner, developer and manager of real estate it concentrates on large integrated, transit-oriented and mixed-use developments, the kind of single destination where people live, work and spend their leisure time.
As a healthcare owner, operator and manager it focuses on hospitals and medical centres, healthcare hubs, and eldercare and senior housing. The company has a presence in China, Singapore, Malaysia and Indonesia, with a real estate portfolio of about 80 million sq ft of gross floor area and a healthcare portfolio across 14 cities in China.
That healthcare background shows at The Golden Mile in the dedicated medical zone on Level 3, planned around clinical workflows and patient access rather than adapted from office space.
Far East Organization and The Golden Mile
Far East Organization was founded in 1960 and is described by the developer as Singapore’s largest private property developer, with more than 780 projects completed across its history. Its group includes three listed entities: Far East Orchard Limited, Far East Hospitality Trust and Yeo Hiap Seng Limited.
That long record in strata development shows in the four office collections at The Golden Mile: a spread of sizes from 710 sq ft upward, loft layouts with dual-key style entrances, and a set of top-floor Crown Offices for owner-occupiers who want a whole wing.
How The Golden Mile Came to Its Developers
Golden Mile Complex was gazetted for conservation by the Urban Redevelopment Authority in 2021. In May 2022 the joint venture exercised its option to purchase the building for S$700 million, in what Far East Organization described as the first collective sale of a large-scale strata-titled conserved building in Singapore, with a commitment to restore it sensitively and retain its signature terraced profile.
The new 99-year lease commenced on 18 November 2024, and in December 2024 the developers unveiled Golden Mile Singapore, the masterplan that joins The Golden Mile to the new Aurea tower beside it, and opened the strata offices and medical suites for sale. The latest updates page records each step, and the project details page sets out the particulars.
Buying From the Developer of The Golden Mile
Every strata office and medical suite at The Golden Mile is sold by GMC Property Pte Ltd as vendor, so the option to purchase and the Sale & Purchase Agreement are issued in its name. The buyer’s solicitor reviews the agreement, and payments follow the progressive payment scheme as each construction stage is certified, with 9% GST on every instalment.
Because the building is a conservation project, the developers also carry the obligations that come with it: the retained terraced profile and the other features protected by the 2021 gazette are restored as part of the works, while the interiors, building services and amenities are renewed. The conservation guide for owners explains what that means after completion.
Meet the Sales Concierge for The Golden Mile
The Sales Concierge sends the floor-plan brochure and the current price list for The Golden Mile, and arranges a private session at the sales gallery.