On March 8, Sim Lian Group announced that 682 out of 760 units (90%) have been sold at Aurelle of Tampines, an executive condominium (EC) located at Tampines Street 62. The units were sold at an average price of $1,766 per square foot
The developer stated that all the four- and five-bedroom units have already been taken up, along with 84% of the three-bedroom units. Sim Lian Group’s executive director, Kuik Sing Beng, believes that the high demand for well-designed, well-connected homes in Tampines has contributed to the success of the project.
Interested buyers can obtain the latest information on available units and prices for Aurelle of Tampines.
PropNex’s CEO, Ismail Gafoor, commented that the average price of $1,766 psf has set a new benchmark for EC launches. He added that this is the highest launch take-up rate for an EC project since Hundred Palms Residences, a 531-unit development, was fully sold at an average price of $841 psf on its launch day in July 2017.
Additionally, Sim Lian Group revealed that the 30% quota allocated for second-timers was met by 3.15 pm on the launch day. The quota for second-timers will be lifted a month from the launch date.
ERA Singapore’s key executive officer, Eugene Lim, believes that the take-up rate could have been even higher if not for the quota limit on second-timers. However, he pointed out that these buyers will have another chance to ballot for a unit a month after the launch date.
Huttons Asia’s CEO, Mark Yip, suggested that the government may consider increasing the quota for second-time buyers purchasing an EC, in alignment with the recent increase in quota allocation for second-timers buying BTO flats with three or more bedrooms.
PropNex’s Gafoor noticed that about 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their purchases, while the rest chose the Normal Payment Scheme.
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Before the launch, more than 2,200 electronic applications were received since the project’s preview began on Feb 21, making it the highest e-app figure since 2022, when Copen Grand, the first EC in Tengah, attracted 2,300 e-apps.
Aurelle is the second EC launched in Tampines North, following Tenet – a 618-unit development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet was launched in December 2022, and 72% of the units were sold on the first day at an average price of $1,348 psf. It is now fully sold.
Prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft; $1.689 million ($1,651 psf) for a four-bedroom of 1,023 sq ft; and $2.258 million ($1,665 psf) for a five-bedroom of 1,356 sq ft.
ERA’s Lim believes that the attractive pricing, strategic location, and unique features have made Aurelle a highly sought-after option for eligible first-time buyers and upgraders.
The project’s proximity to ParkTown – a mixed-use integrated development with a transport hub, shopping mall, hawker center, and community club – may have also contributed to its strong sales. In February, 1,041 units were sold on the launch weekend at ParkTown Residence, a 1,193-unit development by CapitaLand and UOL Group. The average price of units sold to date is $2,361 psf.
Huttons’ Yip noted that Aurelle is the second EC to be located next to a fully integrated mixed-use development, after Esparina Residences in Sengkang, which was launched in October 2010 at an average price of $748 psf. Units at Esparina Residences were sold at an average price of $1,625 psf from January 2024 to January 2025, marking a 117% increase.
Based on caveats lodged, the highest psf price achieved at Esparina Residences was for a 1,367 sq ft unit on the 14th floor, which sold for $2.4 million ($1,756 psf) in November 2023. The second-highest was for a 1,367 sq ft unit on the seventh floor that fetched $2.388 million ($1,747 psf).
According to ERA’s Lim, new ECs are priced approximately $600 psf cheaper than new private condos in 2025. However, the average price of a new EC is only 1% higher than that of resale condos in suburbs or the Outside Central Region. This, combined with the fresh 99-year lease and modern facilities, makes new ECs a highly attractive choice for buyers.