Aurelle of Tampines, a new executive condominium (EC) project, has achieved remarkable sales success, with 90% of its 760 units sold at an average price of S$1,766 per square foot (psf). This marks the highest launch take-up rate for an EC since the Hundred Palms Residences sold out on launch day in July 2017. PropNex CEO Ismail Gafoor attributes this success to Tampines’ popularity as a mature, well-connected town and the limited supply of unsold ECs, which stood at fewer than 150 units as of the end of January.
The project saw all 260 units of its 4- and 5-bedroom types sold out, whilst 84% of the 500 three-bedroom units were transacted. Notably, 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their purchases. Aurelle of Tampines is strategically located near the upcoming Parktown integrated development, which will offer retail, commercial spaces, a hawker centre, and a bus interchange, and will be linked to the future Tampines North MRT station.
The recent announcement of a 5-year masterplan to enhance transport infrastructure and amenities in Tampines is expected to further boost the project’s appeal. Gafoor anticipates that Aurelle of Tampines will likely sell out when unit bookings open to more second-time buyers next month. The potential for capital appreciation is also a draw, as nearby Parktown Residence launched at an average price of S$2,360 psf, setting a possible future benchmark for EC resale prices.
The last EC launch in Tampines, Tenet, sold 72% of its 618 units on launch day in December 2022 at an average price of S$1,360 psf. Meanwhile, Novo Place in Tengah, launched in November 2024, has sold 91% of its 504 units at an average price of S$1,654 psf.
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