Sim Lian Group has announced that its latest executive condo (EC) project, Aurelle of Tampines, will be open for e-application on February 22. Located at Tampines Street 62 in Tampines North, this 760-unit EC is the first new launch of 2025.
Conveniently situated just a five-minute walk from the upcoming Tampines North Transport Hub, residents of Aurelle of Tampines will have easy access to the Tampines North MRT Station, which is part of the Cross Island Line set to open in 2030. The transport hub will also feature an air-conditioned bus interchange, integrated with a mixed-use development, ParkTown Mall, Community Club, Hawker Centre, and ParkTown Residence. The latter, a 1,093-unit development, will also be launched for sale on February 22.
Spread across a site area of 301,391 sq ft, Aurelle of Tampines boasts fourteen 14-storey residential blocks and offers a mix of three- to five-bedroom units. According to Sim Lian, these units are designed to cater to young professionals and growing families.
Prices for the units in Aurelle of Tampines will range from $1.417 million (at $1,687 psf) for a three-bedroom unit spanning 840 sq ft, to $2.258 million (at $1,665 psf) for a five-bedroom unit of 1,356 sq ft.
The development also boasts a range of facilities, including seven pools and a clubhouse, as seen in the artist’s impression below.
(Image: Sim Lian Group)
Aurelle of Tampines’ neighbour, the 618-unit EC development Tenet, by developers Qingjian Realty and Santarli Realty, was launched in December 2022 and has already sold 617 units at an average price of $1,385 psf. The highest transacted price on a psf basis was for a 1,367 sq ft unit that sold for $2.26 million (at $1,651 psf) in December. As of February 21, there is only one available unit for sale in Tenet.
(Artist’s impression of the clubhouse fronting one of the seven pools at Aurelle of Tampines. Image: Sim Lian Group)
E-application for Aurelle of Tampines will open on February 22 and end on March 4, with sales bookings commencing on March 8. The appointed marketing agents are ERA, Huttons, OrangeTee, and PropNex.
When it comes to investing in a condo, financing is a crucial factor to consider. In Singapore, there are various mortgage options available. However, it is crucial for investors to understand the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan that can be taken by a borrower based on their income and current debt obligations. To make informed decisions about financing, it is advisable to seek guidance from financial advisors or mortgage brokers. This will also help investors avoid over-leveraging. Additionally, for updates on new condo launches, visit Mentorship Online for the latest information.
Under the prevailing EC regulations, during the initial launch (the first 30 days), 70% of the project has to be allocated to first-time buyers, with only 30% open to second-timers. For more information on available units and prices for all three developments, visit Aurelle Of Tampines, Tenet, and Parktown Residence on EdgeProp.
(Image: EdgeProp LandLens)
If you’re looking to purchase a property in District 18, check out the latest listings here.
Recent transactions in District 18 and the current rental prices for condos in the area can be found here.
For a comparison of price trends between new and resale condos, click here.
Additionally, you can also check out available units in Tenet on EdgeProp.
To see the latest launched projects, click here.