Sim Lians Aurelle Tampines Ec 90 Sold Average Price 1766 Psf
.
On the 8th of March, developer Sim Lian Group successfully sold 682 units, which accounts for 90% of the 760-unit Aurelle of Tampines executive condominium (EC) located at Tampines Street 62. The average price achieved for these units was $1,766 psf.
Sim Lian Group has confirmed that all their four- and five-bedroom units have been taken up, while 84% of their three-bedroom units have also been sold. According to Kuik Sing Beng, the executive director of Sim Lian Group Limited, this overwhelming response demonstrates the high demand for well-designed and conveniently located modern homes like Aurelle of Tampines in one of Singapore’s most well-connected regional centers.
Interested buyers can stay updated on available units and prices for Aurelle of Tampines by visiting their website.
PropNex CEO Ismail Gafoor notes that the average price of $1,766 psf has set yet another new benchmark launch price in the EC market. He adds that the 90% launch take-up rate is the highest for a new EC project since the 531-unit Hundred Palms Residences was sold out on launch day in July 2017 at an average price of $841 psf.
Sim Lian Group also announced that the 30% quota allocated for second-timers was met by 3.15 pm on the launch day. The quota on second-timers will be lifted a month from the launch date.
“The take-up rate could have been higher without the quota limit on second-timers,” remarks Eugene Lim, key executive officer at ERA Singapore. However, he adds that the second-timers will have another opportunity to ballot for a unit a month after the launch date.
“The government may want to increase 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,” says Mark Yip, CEO of Huttons Asia.
About 68% of the buyers have opted for the Deferred Payment Scheme (DPS) to finance their property purchases, according to PropNex’s Gafoor, with the remaining choosing the Normal Payment Scheme.
Before the launch, over 2,200 electronic applications (e-apps) were received since the project opened for preview on the 21st of February. This is the highest e-app count since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.
Aurelle is the second EC to launch in Tampines North, following the 618-unit Tenet, a joint development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet was launched in December 2022 and saw 72% of its units sold on launch day. The project is now fully sold with 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 of 840 sq ft; $1.689 million ($1,651 psf) for a four-bedroom unit of 1,023 sq ft; and $2.258 million ($1,665 psf) for a five-bedroom unit of 1,356 sq ft.
“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,” says ERA’s Lim.
The strong sales at Aurelle can also be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub (MRT station and bus interchange), shopping mall, hawker center, and community club.
ParkTown Residence, a 1,193-unit development by CapitaLand and UOL Group, sold 1,041 units on its launch weekend on the 22nd and 23rd of February. To date, 1,043 units have been sold at an average price of $2,361 psf.
“Aurelle is probably the second EC to be located next to a fully integrated mixed-use development,” says Mark Yip of Huttons Asia. The first was the 573-unit Esparina Residences in Sengkang, which was launched in October 2010 with an average price of $748 psf. However, based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, a 117% increase.
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 the development. The highest was for another 1,367 sq ft unit on the 14th floor that fetched $2.4 million ($1,756 psf) based on caveats lodged.
According to Eugene Lim of ERA Singapore, new ECs are priced about $600 psf cheaper than new private condos in 2025. However, compared to 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 adds.
