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Investing in a condo requires careful consideration not only of the property itself, but also of its maintenance and management. In most cases, condos come with maintenance fees that cover the upkeep of common areas and amenities. While these fees may increase the overall cost of ownership, they also ensure that the property remains in good condition and maintains its value. A wise approach for investors is to engage a property management company to handle the day-to-day management of their condo, making it a more passive source of income.
for the marketAurelle of Tampines sets new record launch price for executive condosDespite the pandemic and economic uncertainties, developer Sim Lian Group has achieved a remarkable sales result for its latest executive condominium (EC) project, Aurelle of Tampines. On March 8, the company announced that 682 units had been sold, accounting for 90% of the total 760 units at the development. The units were sold at an average price of $1,766 per square foot (psf).The strong response to the launch of Aurelle of Tampines, located at Tampines Street 62, reflects the high demand for well-designed and conveniently located modern homes in Singapore’s most well-connected regional center, according to Sim Lian Group executive director Kuik Sing Beng.Get the latest information on available units and prices for Aurelle of TampinesAdvertisementThe average price of $1,766 psf achieved at Aurelle of Tampines has set a new benchmark launch price for the EC market, according to PropNex CEO Ismail Gafoor. He also noted that the 90% take-up rate was the highest for a new EC project since Hundred Palms Residences, a 531-unit development that was fully sold on launch day in July 2017, at an average price of $841 psf.Sim Lian Group also announced that all the four- and five-bedroom units at Aurelle of Tampines had been sold, while 84% of the three-bedroom units were snapped up.”The response could have been even higher if not for the quota limit imposed on second-timers,” says Eugene Lim, key executive officer at ERA Singapore. However, he adds that second-timers will have another opportunity to ballot for a unit a month after the launch date.”The government may consider increasing the quota for second-timers purchasing an EC, in line with the recent increase in allocation quotas for second-timers buying three-room and larger BTO [build-to-order] flats,” suggests Huttons Asia CEO Mark Yip.According to PropNex’s Gafoor, about 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remainder chose the Normal Payment Scheme. Before the official launch, more than 2,200 electronic applications (e-apps) were received after the project opened for preview on Feb 21. This was the highest e-app figure since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.Read also: Should You Buy an Executive Condo in Singapore? AdvertisementAurelle of Tampines is the second EC to be launched in Tampines North, following the neighbouring Tenet, a 618-unit development jointly developed by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet was launched in December 2022 and saw 72% of units sold on launch day. The project is now fully sold at 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 attractive pricing, strategic location, and unique features of Aurelle of Tampines have made it a highly sought-after option for eligible first-time buyers and upgraders,” says ERA’s Lim.
The project’s strong sales 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 centre, and community club. The 1,193-unit ParkTown Residence, developed by a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on Feb 22-23. To date, 1,043 units have been sold at an average price of $2,361 psf.”Aurelle is only the second EC to be located next to a fully integrated mixed-use development,” notes Huttons’ Yip. The first was the 573-unit Esparina Residences in Sengkang. Launched in October 2010, the average price at that time was around $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, which is a 117% increase.Last November, a 1,367 sq ft unit on the seventh floor of Esparina Residences changed hands 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) in November 2023, based on caveats lodged. Read also: Sim Lian’s Aurelle of Tampines to set new price benchmark for executive condosAdvertisementThe prices for new ECs are typically around $600 psf cheaper than those for new private condos in 2025, notes ERA’s Lim. 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, together with a fresh 99-year lease and modern facilities, makes new ECs a compelling choice for buyers,” he adds. Check out the latest listings for properties at Aurelle of TampinesAsk BuddyCompare the price trend of new sale condos vs resale condosTotal number of units at Aurelle of TampinesCompare the price trend of new sale condos vs EC new sale condosShow me condo listings in District 18Generate a price trend graph for new launch condos in District 18Compare the price trend of new sale condos vs resale condosTotal number of units at Aurelle of TampinesCompare the price trend of new sale condos vs EC new sale condosShow me condo listings in District 18Generate a price trend graph for new launch condos in District 18RELATED NEWSSim Lian’s Aurelle of Tampines sets new record launch price for executive condos A guide to executive condo purchases in Singapore’s property marketAurelle of Tampines: Setting a New Benchmark for Executive Condos in SingaporeDespite challenges posed by a pandemic and uncertain economy, developer Sim Lian Group has achieved an impressive sales result for its latest executive condominium (EC) project, Aurelle of Tampines. On March 8, the company announced that 682 units, accounting for 90% of the total 760 units at the development, had been sold at an average price of $1,766 per square foot (psf).The strong response to the launch of Aurelle of Tampines, located at Tampines Street 62, reflects the high demand for well-designed and conveniently located modern homes in Singapore’s most well-connected regional center, according to Sim Lian Group executive director Kuik Sing Beng.Get the latest information on available units and prices for Aurelle of TampinesAdvertisementThe average price of $1,766 psf achieved at Aurelle of Tampines has set a new benchmark launch price for the EC market, according to PropNex CEO Ismail Gafoor. He also noted that the 90% take-up rate was the highest for a new EC project since Hundred Palms Residences, a 531-unit development that was fully sold on launch day in July 2017, at an average price of $841 psf.Sim Lian Group also announced that all the four- and five-bedroom units at Aurelle of Tampines had been sold, while 84% of the three-bedroom units were snapped up.”The response could have been even higher if not for the quota limit imposed on second-timers,” says Eugene Lim, key executive officer at ERA Singapore. However, he adds that second-timers will have another opportunity to ballot for a unit a month after the launch date.”The government may consider increasing the quota for second-timers purchasing an EC, in line with the recent increase in allocation quotas for second-timers buying three-room and larger BTO [build-to-order] flats,” suggests Huttons Asia CEO Mark Yip.According to PropNex’s Gafoor, about 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remainder chose the Normal Payment Scheme. Before the official launch, more than 2,200 electronic applications (e-apps) were received after the project opened for preview on Feb 21. This was the highest e-app figure since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.Read also: Should You Buy an Executive Condo in Singapore? AdvertisementAurelle of Tampines is the second EC to be launched in Tampines North, following the neighbouring Tenet, a 618-unit development jointly developed by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet was launched in December 2022 and saw 72% of units sold on launch day. The project is now fully sold at 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