Aurelle of Tampines Executive Condominium (EC) has achieved a significant milestone by selling out all its units during the second-timer booking held on 12 April. The 760-unit project, which initially launched in March, saw its remaining units snapped up by eager homebuyers before noon. This marks the first time since Copen Grand in November 2022 that an EC project has sold out during its second-timer booking.
The initial launch of Aurelle of Tampines saw 682 units sold, accounting for 90% of its inventory. The robust demand during the second-timer booking was anticipated, given that the 30% second-timer buyer quota was quickly met during the initial launch weekend. The project’s overall average selling price stood at approximately S$1,767 per square foot, according to caveated data from URA Realis up to 6 April 2025.
Ismail Gafoor, CEO of PropNex Realty, attributed the project’s success to the dwindling inventory of unsold ECs and its favourable location. “Despite setting a new benchmark launch price for ECs at over S$1,700 psf on average, Aurelle of Tampines EC performed well,” he said.
The success of Aurelle of Tampines is expected to positively impact the upcoming EC project, Otto Place at Plantation Close, slated for launch in the second half of 2025. With fewer than 70 unsold EC units remaining on the market, demand for ECs is expected to remain resilient amidst economic uncertainties. ECs continue to appeal to homebuyers as an accessible entry into the private housing sector, helping many households achieve their aspirations of owning private residential property.
“`
