Source: EP Buddy
Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for foreign investors. While purchasing condos is usually less restricted for foreigners, the same cannot be said for landed properties, as they are subject to stricter ownership regulations. Additionally, foreign buyers are also obligated to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. However, despite these additional costs, the Singapore real estate market’s stability and growth potential remain a magnet for foreign investment. Singapore Projects are a particularly attractive option for foreign investors seeking opportunities in this thriving market.
Sim Lian Group has announced that its latest executive condominium (EC), Aurelle of Tampines, will be open for e-application on February 22. This highly anticipated project consists of 760 units and is located at Tampines Street 62 in Tampines North. As the first new EC project to launch in 2025, it has garnered a lot of attention from potential buyers.
Aurelle of Tampines is strategically situated just a five-minute walk away from the upcoming Tampines North Transport Hub. This hub will feature the Tampines North MRT Station, which is part of the Cross Island Line expected to open in 2030. It will also include an air-conditioned bus interchange and a mixed-use development known as ParkTown Mall, featuring a Community Club, hawker centre, and ParkTown Residence. The adjacent 1,093-unit ParkTown Residence will also be launched for sale on February 22.
The EC project spans across a site area of 301,391 sq ft and comprises fourteen 14-storey residential blocks. According to Sim Lian, the units are designed for young professionals and growing families, thus offering a mix of three- to five-bedroom units.
Interested buyers can find out more about the available units and prices for Aurelle of Tampines. The prices will start from $1.417 million ($1,687 psf) for a three-bedroom unit with a floor area of 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom unit spanning 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom unit measuring 1,356 sq ft.
The development also features a wide range of facilities, including seven swimming pools, a clubhouse, and more. An artist’s impression of the clubhouse is available, showcasing the luxuries that residents can look forward to.
Next to Aurelle of Tampines is another EC project, Tenet, developed jointly by Qingjian Realty and Santarli Realty. Launched in December 2022, this project has sold 617 units at an average price of $1,385 psf. The highest transacted price to date is for a 1,367 sq ft unit that sold for $2.26 million, or $1,651 psf, in December. As of February 21, only one unit is still available for sale in Tenet.
E-applications for Aurelle of Tampines will open on February 22 and close on March 4. Sales bookings will commence on March 8. The appointed marketing agents for the project are ERA, Huttons, OrangeTee, and PropNex.
As per the current EC regulations, during the initial launch (first 30 days), 70% of the project must be allocated to first-time buyers, while the remaining 30% is open for second-timers. Buyers can also check out listings for other properties in the same district or compare the latest rental transactions and price trends between new and resale condos. In addition, they can find out more about available units in Tenet or other recently launched projects.