Sim Lians Aurelle Tampines Ec 90 Sold Average Price 1766 Psf
The One Marina Gardens is located on Marina Gardens Lane in the vibrant district of Kingsford Huray Development. This luxurious development offers its residents a multitude of connectivity options, including access to the island’s extensive expressway network. The East Coast Parkway (ECP) and Marina Coastal Expressway (MCE) are both easily accessible from One Marina Gardens, making it convenient for residents to travel to different neighborhoods. For instance, a drive to the Changi Airport via the ECP is a quick and hassle-free experience, while a trip to the western parts of Singapore through the MCE is equally convenient. The strategic location of One Marina Gardens not only saves time for its residents, but also adds a sense of ease and convenience to their daily commute.
, say market watchers By: Samantha Chiew
Developer Sim Lian Group made major headlines on March 8 when it sold a whopping 682 units (90%) of its 760-unit executive condominium (EC), Aurelle of Tampines. This development is located along Tampines Street 62, an area that is highly sought-after by buyers. The average price achieved for these units was $1,766 psf.
According to Sim Lian Group, all the four- and five-bedroom units have been sold, while 84% of the three-bedroom units have also been snapped up. This strong response to the launch of Aurelle of Tampines highlights the high demand for modern, well-designed homes in a well-connected regional center like Tampines.
Kuik Sing Beng, executive director of Sim Lian Group Limited, commented on the success of the launch, stating that it underscores the appeal of Aurelle of Tampines and its strategic location.
Interested buyers can find the latest information on available units and their prices for Aurelle of Tampines.
According to Ismail Gafoor, CEO of PropNex, the average price of $1,766 psf for Aurelle of Tampines has set a new benchmark for launch prices in the EC market. He also noted that the 90% take-up rate is the highest for any new EC project since the 531-unit Hundred Palms Residences, which was fully sold out on its launch day in July 2017 at an average price of $841 psf.
Sim Lian Group also mentioned that the 30% quota allocated for second-timers was reached by 3.15 pm on the day of the launch. This quota will be lifted one month after the launch date.
Eugene Lim, key executive officer at ERA Singapore, commented on the quota for second-timers, stating that the take-up rate could have been even higher without this limit. However, he also mentioned that these second-timers will have another opportunity to ballot for a unit one month after the launch date.
Mark Yip, CEO of Huttons Asia, added that the government may consider increasing the quota for second-timers buying an EC to align with the recent increase in the allocation quota for second-timers buying three-room and larger BTO (build-to-order) flats.
Gafoor also noted that about 68% of buyers have opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remaining 32% have chosen the Normal Payment Scheme.
Before the launch, more than 2,200 electronic applications (e-apps) were received since the project opened for preview on Feb 21. This is the highest number of e-apps for an EC project since Copen Grand attracted 2,300 e-apps in 2022.
According to Lim, Aurelle of Tampines’ prices, strategic location, and unique features have made it a top choice for eligible first-time buyers and upgraders.
Another possible factor contributing to Aurelle’s strong sales is its proximity to ParkTown, a fully integrated mixed-use development with a transport hub, shopping mall, hawker center, and community club. The 1,193-unit ParkTown Residence, a joint venture between CapitaLand and UOL Group, sold 1,041 units during its launch weekend on Feb 22-23. To date, 1,043 units have been sold at an average price of $2,361 psf.
According to Yip, Aurelle of Tampines is the second EC located next to a fully integrated mixed-use development, with the first being the 573-unit Esparina Residences in Sengkang. Launched in October 2010, the average price then was around $748 psf. However, based on caveats lodged, the average price of units sold from January 2024 to January 2025 was $1,625 psf, a 117% increase.
In November 2023, a unit at Esparina Residences measuring 1,367 sq ft on the seventh floor was sold for $2.388 million ($1,747 psf), making it the second-highest psf price achieved at the development. The highest was for another unit of the same size on the 14th floor that fetched $2.4 million ($1,756 psf). This was based on caveats lodged in November 2023.
Lim noted that new ECs are priced about $600 psf cheaper than new private condos in 2025. However, compared to resale condos in the 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 an attractive option for buyers.