Sim Lian Group said that on February 22 its executive condo (EC) Aurelle of Tampines will open for e-application. Tampines Street 62 in Tampines North has the 760-unit EC. It marks the first new EC project starting in 2025.
With the Tampines North MRT Station (on the Cross Island Line scheduled to open in 2030), air-conditioned bus interchange, integrated with the mixed-use development, ParkTown Mall, Community Club, Hawker Centre and ParkTown Residence just five-minute walk from Aurelle of Tampines. Officially opening for sale on February 22 is the 1,093-unit ParkTown Residence.
Comprising fourteen 14-storey residential blocks on a 301,391 square foot site area, the EC project is Sim Lian claims that rising families and young professionals should find the units appealing. They are therefore a combination of three- to five-bedroom flats.
Next door to Aurelle of Tampines is the 618-unit EC Tenet by joint developers Qingjian Realty and Santarli Realty. Launched in December 2022, the property has sold 617 units at an average price of $1,385 psf. With concessions included, the highest transacted price on a psf basis was for a 1,367 square foot apartment that sold for $2.26 million or $1,651 psf in December. As of February 21 Tenet has just one apartment for sale.
Under the current EC rules, just 30% of the project is offered to second-timers; 70% of the project must be set aside for first-time buyers.
