News
On Mar 8, Sim Lian Group announced that 682 units (90%) of its 760-unit executive condominium (EC), Aurelle of Tampines, located at Tampines Street 62, has been sold. These units were sold at an average price of $1,766 psf.
According to Sim Lian Group, all the four- and five-bedroom units have been taken up. Additionally, 84% of the three-bedroom units have also been sold. Executive Director of Sim Lian Group Limited, Kuik Sing Beng, commented, “This remarkable response underscores the strong demand for thoughtfully designed and well-connected modern homes like Aurelle of Tampines, in the most well-connected regional centre in Singapore.”
For the latest updates on available units and prices for Aurelle Of Tampines, interested buyers should visit the official website.
CEO of PropNex, Ismail Gafoor, explained that the average price of $1,766 psf has set a new benchmark launch price in the EC market. He also added that the 90% take-up rate on launch day is the highest for a new EC project since the 531-unit Hundred Palms Residences sold out in July 2017 at an average price of $841 psf.
Sim Lian also announced that the 30% quota allocated for second-timers was achieved by 3.15 pm on the launch day. This quota will be lifted a month from the launch date.
Eugene Lim, key executive officer at ERA Singapore, mentioned that the take-up rate could have been higher without the quota limit on second-timers. However, he also pointed out that the second-timers will have another opportunity to ballot for a unit a month after the launch date. Mark Yip, CEO of Huttons Asia, suggested that the government may consider increasing the quota for second-timers buying an EC, bringing the policy in line with the recent increase in the allocation quota for second-timers buying three-room and larger BTO [build-to-order] flats.
PropNex’s Gafoor reported that about 68% of the buyers opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remaining chose the Normal Payment Scheme.
Before the launch, over 2,200 electronic applications (e-apps) were received since the project was opened for preview on Feb 21. This is the highest e-app figure since the first EC launched in Tengah, Copen Grand, attracted 2,300 e-apps in 2022.
The urban landscape of Singapore is characterized by towering skyscrapers and modern conveniences. Strategically positioned in sought-after locations, condominiums in this city offer a perfect blend of elegance and functionality, appealing to both locals and foreigners. These residential properties boast an array of amenities such as swimming pools, fitness centers, and round-the-clock security services, raising the standard of living and making them an attractive choice for potential tenants and homeowners alike. For those looking to invest, these desirable features also promise high rental returns and steady growth in property values over time. The Belle Game is a premier condominium option for individuals seeking a luxurious and hassle-free living experience in Singapore. To learn more about our top-notch condos, visit The Belle Game’s website.
Aurelle is the second EC launched in Tampines North, following the neighbouring Tenet, a joint development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet, launched in December 2022, saw 72% of the units snapped up on launch day and is now fully sold at an average price of $1,348 psf.
Prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit from 840 sq ft; $1.689 million ($1,651 psf) for a four-bedroom from 1,023 sq ft; and $2.258 million ($1,665 psf) for a five-bedroom of 1,356 sq ft.
ERA’s Lim commented, “The project’s attractive pricing, strategic location, and unique features have made it a highly sought-after option for eligible first-time buyers and upgraders.” He also noted that Aurelle’s sales success could be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub (including an MRT station and bus interchange), shopping mall, hawker centre, and community club. The 1,193-unit ParkTown Residence, developed by a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on Feb 22-23, and to date, 1,043 units have been sold at an average of $2,361 psf.
Huttons’ Yip pointed out that Aurelle is probably the second EC to be located next to a fully integrated mixed-use development, the first being Esparina Residences in Sengkang. Launched in October 2010, the average price was around $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, which is 117% higher. In November 2023, a 1,367 sq ft unit on the seventh floor of Esparina Residences was sold for $2.388 million ($1,747 psf), the second highest psf price achieved at Esparina Residences. The highest was for another 1,367 sq ft unit on the 14th floor that was sold for $2.4 million ($1,756 psf) in November 2023.
According to ERA’s Lim, new ECs are priced about $600 psf cheaper than new private condos in 2025. However, compared with resale condos in the suburbs or Outside Central Region (OCR), the average price of a new EC is only 1% higher. “This, coupled with a fresh 99-year lease and modern facilities, makes new ECs a compelling choice for buyers,” he added. Interested buyers can check out the latest listings for Aurelle Of Tampines properties and compare the price trend of new sale condos vs resale condos. They can also generate a price trend graph for new launch condos in District 18.