Buyers undeterred by Aurelle of Tampines EC launch price

This could also bode well for upcoming executive condominium projects.

The remaining units in Aurelle of Tampines EC were snapped up by buyers despite setting a new benchmark launch price for executive condominiums (ECs) at over $1,700 psf on average, PropNex said.

This renders the 760-unit EC project fully sold since the project’s initial launch in March. During its initial launch, the project sold 682 units, reflecting 90% of its inventory.

Ismail Gafoor, CEO of PropNex Realty, said that given that the 30% second-timer buyer quota at the initial launch weekend was quickly met, the robust take-up at the second-timers’ sales booking was expected.

Aurelle of Tampines is the first EC project to be completely sold out during its second-timer booking since Copen Grand’s second-timer booking in November 2022.

PropNex believes that Aurelle of Tampines EC performed well due to the dwindling inventory of unsold ECs, along with its positive locational attributes.

Aurelle of Tampines’ performance also bodes well for the upcoming EC project, Otto Place at Plantation Close, due to the limited unsold new EC units in the market.

According to sales data from the PropNex sales team, there are fewer than 70 unsold EC units left on the market after accounting for today’s second-timer booking for Aurelle of Tampines.

Mark Yip, CEO of Huttons Asia, said that Aurelle of Tampines stands out as the second EC to be next to a fully integrated mixed-use development. This offers residents unparalleled convenience at a very attractive price.

It also shows that there is a very strong pool of upgrading demand in Tampines.

Huttons Asia said that an estimated 77% of buyers chose the deferred payment scheme. This is slightly higher than the estimated 70% during the initial launch in March 2025.