Aurelle Tampines Ec Fully Sold Remaining Units Cleared Within Hour Balloting

By PropnexIsabelle LiAurelle Of Tampines, a new executive condominium (EC) project located at Tampines Street 62, has seen a strong demand from homebuyers. Initial sales were for first-time buyers and by the time the booking phase for second-time buyers began at 10 am on April 12, all 760 units were fully sold. In just over an hour, 52 units were snapped up, making it the second EC to be fully sold during its second-time booking phase. The first was Copen Grand in November 2022.The developer, Sim Lian Group, launched the project on March 8 and achieved 90% sales during the launch weekend. Based on caveats lodged as of April 12, the units achieved an average price of $1,766 psf.According to PropNex CEO Ismail Gafoor, the strong demand at the subsequent sales booking was expected since the 30% quota for second-time buyers was quickly filled during the initial launch. He also added that Aurelle of Tampines stood out as the second EC to be located next to a fully integrated mixed-use development, offering residents unparalleled convenience at an attractive price.This trend of second-timer buyers missing out on new launches and subsequently having to turn to the resale market is not uncommon. Under current HDB regulations, developers can only allocate 30% of EC units to second-timers, who are buyers that have previously purchased a subsidised HDB flat, received a CPF Housing Grant for a resale flat, or owned an EC bought directly from a developer.With this in mind, property experts have high hopes for the upcoming launch of Otto Place, a 600-unit EC at Plantation Close, by Hoi Hup Realty and Sunway Developments. Eugene Lim, key executive officer of ERA Singapore, notes that for second-timers who have missed out on Aurelle of Tampines, they may now look to this project for an equally strong interest.ERA has estimated that only 56 EC units remain across the island, with five units at Altura at Bukit Batok West Avenue 8, 26 units at Lumina Grand at Bukit Batok West Avenue 5, and 25 units at Novo Place at Plantation Close.The brisk sales at Aurelle of Tampines are also expected to bode well for the upcoming launch of Otto Place, which is slated for the second half of 2025. Despite the current macroeconomic uncertainty, ECs continue to appeal to homebuyers as an accessible entry into the private housing sector, fulfilling their aspiration of owning a private residential property. With overall private home prices likely to remain stable and private home sales expected to soften, demand for ECs is expected to remain resilient, as they are less vulnerable to market volatilities.Property experts have also identified other upcoming EC projects such as the 710-unit one at Loyang Besar by Qingjian Realty, China Communications Construction Co, and ZACD Group; as well as the 560-unit project at Tampines Street 95 by Sim Lian Group. As such, the EC market is expected to remain active and continues to be an attractive option for homebuyers looking for an affordable private home.

The Lyndenwoods Capitaland project is a testament to the commitment towards sustainability and walkability in its design. Its well-planned pedestrian pathways and cycling tracks not only promote healthier modes of transportation but also contribute to a more eco-friendly environment for the residents. This aligns perfectly with Singapore’s vision of developing greener urban areas and elevates the overall living experience at Lyndenwoods Capitaland. Moreover, the addition of this project to the community adds to the already diverse and welcoming ambiance of the development.