About Aurelle
of Tampines
Aurelle of Tampines EC is a new executive condominium located right at the heart of Tampines Town by Sim Lian Land and Sim Lian Development. The Housing and Development Board (HDB) announced on October 9 that the executive condominium (EC) site located at Tampines Street 62 (Parcel B) has been successfully awarded to Sim Lian Land and Sim Lian Development. The winning bid for the site was $543.28 million, equivalent to $721 per square foot per plot ratio (psf ppr).
The competition for Aurelle of Tampines, Street 62 site was fierce, drawing seven bidders by the time the tender closed in July. The site covers 301,392 square feet and is approved for up to 700 residential units. It is conveniently located next to Tenet, a 618-unit EC developed by Qingjian Realty, Santarli Realty, and Heeton Holdings, which themselves secured the adjacent site in August 2021 for $422 million, or $659 psf ppr.
The strong sales performance of Tenet last year likely boosted developers’ confidence in the market potential of the area at Aurelle EC, evidenced by the brisk uptake of 616 of its units at an average price of $1,382 psf as of October 10. Additionally, the strategic location of the Parcel B site within a mature estate, close to the Tampines North MRT Station and a future mixed-use development at Tampines Avenue 11, adding to Aurelle EC attractiveness.
Photos are for illustrative purposes only
Key Features
Right At Your Doorstep
Green Spaces
Community Club
Smart Home System
MRT
Bus Interchange
Hawker Center
Gallery
Experience Aurelle of Tampines
Amenities
Swimming Pool
Our swimming pool offers a serene escape, perfect for relaxation and leisure activities for both adults and children.
Gym
Stay healthy and active with our well-equipped gym facilities, offering a range of workout options for all fitness level.
BBQ Pavillion
The perfect space for family gatherings, friendly cookouts, and unforgettable outdoor parties. Our pavilion is designed to provide comfort and convenience.
Playground
Our dedicated playground is designed to provide a safe and joyful space for children to explore, play, and make lasting memories.
Clubhouse
Gather, celebrate, and connect at our modern clubhouse, the ideal venue for community events and social gatherings.
Floor Plan
3-Bedroom
3 Bedroom - $1,386,000 (840 Sqft) 3 Bedroom Premium - $1,439,000 (872 Sqft) 3 Bedroom + Study - $1,528,000 (926 Sqft) 3 Bedroom + Study - $1,563,000 (947 Sqft) *Disclaimer: Please note that these prices are based on $1650 per Sqft estimation. For reference purpose only and subject to change without notice.
4-Bedroom
4 Bedroom Compact - $1,688,000 (1023 Sqft) 4 Bedroom Flexi - $1,972,000 (1195 Sqft) 4 Bedroom Flexi - $1,990,000 (1206 Sqft) 4 Bedroom Premium - $1,990,000 (1206Sqft) *Disclaimer: Please note that these prices are based on $1650 per Sqft estimation. For reference purpose only and subject to change without notice.
Drone View
Finance
Deferred Payment Scheme (DPS)
•DPS price is usually 3% or 4% higher than NPS price. Basically it means developer will loan from the bank to finance the construction of your unit.
• DPS allows buyers to place the 20% downpayment and defer the rest of the payment until receiving the Notice of Temporary Occupation Permit (TOP)
• DPS allows buyers to take Bridging Loan (BL) if they have existing HDB, without selling their HDB yet
• Only EC offers DPS which helps many buyers become financially able to buy Deferred Payment Scheme (DPS)
1) Loan
•Assume 3BR for $1.5M at Aurelle
•75% Loan ($1,125,000)
•30 years Loan Tenure @ 4% p/a
•Monthly Instalments → $5,370
•With MSR of 30%, this translates to $17.9k monthly income → With DPS, buyers can build up their income while waiting for TOP to re-assess their loan again
2) Cash + CPF
•With DPS, ONLY 20% have to be paid upfront
•5% Booking Fee → $75k (CASH)
•15% Exercise Fee → $225k (CASH/CPF)
•Cash outlay drops significantly by ~40% from $495k (NPS) to $300k
Stage | Payment Under a Standard Payment Scheme |
|---|---|
Upon the grant of Option to Purchase | 5% Cash (Booking Fee) |
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 15% Cash or CPF |
Completion of foundation work | - |
Completion of reinforced concrete framework of unit | - |
Completion of partition walls of unit | - |
Completion of roofing/ceiling of unit | - |
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit | - |
Completion of car park, roads and drains serving the housing project | - |
Notice of Vacant Possession (TOP)
| 5% Cash
60% Cash / CPF / Loan |
On Completion date | 15% Cash / CPF / Loan
|
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