A prime retail shop at Golden Mile Tower has been put up for auction with an indicative price of $8 million, drawing attention from investors seeking well-located commercial assets with strong repositioning potential. The listing comes at a time when city-fringe properties—especially those with mixed-use or industrial-adjacent characteristics—are gaining renewed traction among buyers looking for stable long-term yields.
The unit, situated on a prominent level within Golden Mile Tower, benefits from constant foot traffic driven by office workers, residents, and visitors to the surrounding Beach Road and Nicoll Highway precincts. The neighbourhood has recently undergone visible revitalisation, with a growing mix of lifestyle concepts, boutique offices, and repurposed industrial-like spaces emerging as part of the wider redevelopment momentum in the area.
Although the retail space is classified for commercial use, analysts say assets within Golden Mile Tower appeal to investors who appreciate buildings with hybrid potential—properties that once served industrial functions or exist within zones where light-industrial businesses, creative studios, and distribution-support tenants have historically operated. This blend of commercial and industrial legacy has made the tower an interesting proposition for those looking to ride the wave of adaptive reuse.
Golden Mile Tower itself is strategically located near the upcoming redevelopment of the iconic Golden Mile Complex area, which is expected to elevate values across the entire Beach Road corridor. With improved connectivity offered by Nicoll Highway MRT and easy access to major expressways, the tower continues to attract a broad tenant pool ranging from retail brands to service providers, tech firms, and even small-scale production or logistics-support operations that need central positioning.
Market observers note that commercial units with central-city accessibility remain in demand, particularly as Singapore’s industrial and commercial sectors continue to overlap through the rise of e-commerce, cloud kitchens, boutique manufacturers, and flexible service businesses. Many of these operations require compact, city-fringe spaces that offer both visibility and logistical convenience. Properties like Golden Mile Tower, with its urban-industrial heritage and adaptable floor plates, have therefore become part of a niche segment favoured by forward-looking investors.
The auction comes amid a broader uplift in investor confidence. Industrial properties have seen steady rental growth in recent quarters, and this positive sentiment has spilled over into commercial assets located near traditional industrial clusters. Retail units that can serve dual-purpose tenants—such as last-mile delivery counters, specialised equipment sellers, or service hubs—tend to command stronger interest due to their versatility.
If the Golden Mile Tower retail shop achieves its $8 million guide price, the sale would underscore continued appetite for centrally located properties with redevelopment potential. Buyers watching the evolution of the Beach Road and Kallang districts may view this as an opportunity to secure an asset positioned at the crossroads of commercial vibrancy and industrial transformation.
As the auction date approaches, market watchers expect active bidding from both local and foreign investors, particularly those seeking a foothold in a building that stands to benefit from major urban rejuvenation in the years ahead.
