Sim Lian Group has recently announced the opening of its executive condominium (EC), Aurelle of Tampines, for e-application on February 22. Located at Tampines Street 62 in Tampines North, this 760-unit EC is the first new project launch of 2025.
Aurelle of Tampines is strategically located near the upcoming Tampines North Transport Hub, just a five-minute walk away. This hub includes the Tampines North MRT Station, which will be part of the Cross Island Line set to open in 2030. The hub also features an air-conditioned bus interchange and is integrated with a mixed-use development, ParkTown, which includes a mall, community club, hawker centre and ParkTown Residence. The 1,093-unit ParkTown Residence will also be officially launched for sale on February 22.
The EC project comprises fourteen 14-storey residential blocks spread across a site area of 301,391 sq ft. According to Sim Lian, the units are specifically designed for young professionals and growing families, and thus feature a mix of three- to five-bedroom units.
When it comes to investing in Singapore, it is crucial for international investors to be well-informed about the regulations and limitations surrounding property ownership. In general, foreign buyers have more flexibility when purchasing condos compared to landed properties, which have stricter ownership guidelines. However, it should be noted that foreign investors are subject to the Additional Buyer’s Stamp Duty (ABSD) at a current rate of 20% for their first property acquisition. Despite this added expense, the stability and potential for growth in the Singapore real estate market continue to entice foreign investment, making Singapore Condo a popular choice among foreign buyers.
Prices for 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 also boasts an impressive clubhouse with seven pools (artist’s impression shown above), and is located next to Tenet, another EC project by Qingjian Realty and Santarli Realty. Launched in December 2022, Tenet has sold 617 out of its 618 units at an average price of $1,385 psf. The highest transacted price recorded was for a 1,367 sq ft unit that sold for $2.26 million ($1,651 psf) in December. As of February 21, there is only one unit left for sale in Tenet.
E-application for Aurelle of Tampines will begin on February 22 and end on March 4, with sales bookings starting on March 8. The appointed marketing agents are ERA, Huttons, OrangeTee and PropNex. Under the current EC regulations, during the initial launch period (first 30 days), 70% of the units have to be allocated to first-time buyers, with only 30% open to second-timers.
For those interested, check out the latest listings for Aurelle of Tampines, Tenet and Parktown Residence properties. If you need more information, you can also ask Buddy or use the search function on EdgeProp to find condos and rental transactions in District 18, and compare the price trends for new sale and resale condos. Additionally, you can also check for available units in Tenet and other recently launched projects.