Sim Lian Group has announced that its latest executive condominium (EC) project, Aurelle of Tampines, will be open for e-application starting from Feb 22. This highly-anticipated launch is located at Tampines Street 62 in Tampines North and boasts a total of 760 units. It is also the first new EC project to be launched in 2025.
Aurelle of Tampines is strategically located just a five-minute walk away from the upcoming Tampines North Transport Hub. This includes the Tampines North MRT Station which is expected to open in 2030 as part of the Cross Island Line. The hub will also feature an air-conditioned bus interchange and will be integrated with a mixed-use development, ParkTown Mall. This development will also include a Community Club, Hawker Centre, and ParkTown Residence, which will be officially launched for sale on Feb 22.
The EC project will consist of fourteen 14-storey residential blocks, spread across a site area of 301,391 sq ft. According to Sim Lian, the units have been designed with young professionals and growing families in mind, and will offer a mix of three- to five-bedroom units.
Interested buyers can expect prices to start from $1.417 million for a three-bedroom unit at 840 sq ft, $1.689 million for a four-bedroom unit at 1,023 sq ft, and $2.258 million for a five-bedroom unit at 1,356 sq ft. These prices translate to $1,687 psf, $1651 psf, and $1,665 psf respectively.
When contemplating an investment in a condominium, it is crucial to also evaluate its potential rental yield. Rental yield refers to the amount of annual rental income received as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly based on factors such as location, condition of the property, and market demand. Typically, areas with high demand for rentals, such as those near business districts or educational institutions, offer better rental yields. To gain a better understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents is highly recommended. Keeping an eye on new condo launches, listed on Anvly.com, can also provide valuable insights into the rental market.
In addition, Aurelle of Tampines will also feature a wide range of facilities, including seven pools and a beautifully designed clubhouse (as shown in the artist’s impression above).
This EC launch is accompanied by the joint launch of the adjacent 618-unit EC project Tenet by Qingjian Realty and Santarli Realty. Launched in December 2022, Tenet 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, or $1,651 psf, in December. As of Feb 21, there is only one unit available for sale at Tenet.
E-applications for Aurelle of Tampines will begin on Feb 22 and end on Mar 4, with sales bookings set to commence on Mar 8. The appointed marketing agents for this project are ERA, Huttons, OrangeTee, and PropNex.
Under the current 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 those interested, they can check out the latest listings for Aurelle Of Tampines, Tenet, and Parktown Residence on Ask Buddy.