All You Need To Know About The Upcoming Executive Condo Projects in 2025In 2025, three new executive condo projects are scheduled to launch, with Sim Lian Group’s Aurelle Of Tampines leading the way. Located at Tampines Street 62, the 760-unit development is expected to debut in the first quarter of the year, most likely after the Lunar New Year. This launch follows the successful sale of Emerald of Katong, with only 99% of its 846 units left.The site for Aurelle Of Tampines was secured by Sim Lian Group for $543.28 million in a government land sales tender that concluded in October 2023. This translates to $721 per square foot per plot ratio (ppr). With rising construction costs and the harmonization of gross floor area (GFA) definitions, PropNex CEO Ismail Gafoor believes that Aurelle Of Tampines could set a new price benchmark, potentially surpassing the $1,600 psf threshold. This expectation is based on the success of the Novo Place EC, which was launched in November and achieved an average price of $1,656 psf.Explore comprehensive data about all ECs, including average profit at 5 and 10 yearsThe 760-unit Aurelle Of Tampines is located at Tampines St 62 (Parcel B), which was purchased by Sim Lian in a government land sale for $543.28 million, or $721 psf per plot ratio (Source: EdgeProp Landlens).Next to Aurelle Of Tampines is the 618-unit Tenet EC, developed through a joint venture between Qingjian Realty, Santarli Realty, and Heeton Holdings. Since its launch in December 2024, Tenet has sold 617 units at an average price of $1,384 psf, leaving only one unit remaining as of December 19, 2024.The site for Tenet, located at Tampines Street 62 (Parcel A), was purchased for $442 million ($659 psf ppr) in August 2021. It was the highest psf ppr price for an EC land plot at the time. Notably, Tenet was launched before the implementation of GFA harmonization rule, which applies to GLS sites launched for sale after September 1, 2022.The Tenet EC has only one remaining unit as of December 19, 2024, with 617 units sold at an average price of $1,384 psf. The 618-unit EC is at Tampines St 62 (Parcel A), next to Sim Lian’s upcoming 760-unit Aurelle Of Tampines (Photo: Samuel Isaac Chua/EdgeProp Singapore).With confidence in the strong demand for homes in Tampines and the surrounding estates, Sim Lian Group secured another EC site when it was awarded the Tampines Street 95 GLS site in early November. At the close of the tender in October, Sim Lian submitted the highest bid of $465 million ($768 psf ppr), setting a new high for EC land prices.The new EC project at Tampines Street 95 is expected to add 560 new units, further boosting the EC supply in the area. Sim Lian Group has an extensive track record of developments in the eastern part of the island. Sim Lian also submitted the highest bid of $465 million ($768 psf ppr) for an EC site at Tampines St 95, setting a new land price benchmark for ECs (Source: EdgeProp Landlens).In addition to Emerald of Katong and the upcoming EC projects in Tampines, the group successfully completed Treasure at Tampines in 2023. It is Singapore’s largest private condominium with 2,203 units. Located at Tampines Street 11, Treasure at Tampines is a redevelopment of the former privatised HUDC estate Tampines Court, which Sim Lian purchased in 2017 through en bloc sale for $970 million.As of December 19, Treasure at Tampines, with its 2,203 units, had 468 sub-sale and resale transactions recorded. Since its launch in February 2019, it has been fully sold at an average price of $1,356 psf. The average secondary market price is now $1,699 psf, representing a 25.3% increase over the average launch price.Another EC project slated for launch in 2025 is the 560-unit development at Plantation Close in Tengah Town, developed by a joint venture between Hoi Hup Realty and Sunway Developments. These are the same developers of Novo Place EC.At its mid-November launch, Novo Place sold 57% of its units during the opening weekend. In the second round of balloting for second-timers – buyers who had previously bought a subsidised new or resale HDB flat – another 137 units were snapped up, bringing total sales to 444 units, or 88.1% of the project, as of December 16, 2024. Novo Place achieved an average price of $1,656 psf, setting a new benchmark for EC prices. PropNex’s Gafoor attributes the slightly elevated average pricing at Novo Place to the fact that 80% of buyers opted for the deferred payment scheme, which carries a 3% premium compared to the normal payment scheme.Despite the higher benchmark price, Novo Place performed well thanks to several factors, Gafoor notes. These include the dwindling inventory of unsold EC units and the project’s favourable location. Novo Place is situated at Plantation Close in Tengah and is expected to benefit from the upcoming Tengah Park MRT and Bukit Batok West MRT Stations on the Jurong Region Line, which is expected to be completed by 2029.Based on caveats lodged on URA Realis, some of the transactions at Novo Place executive condo have crossed the $1,700 psf threshold (Source: EdgeProp Landlens).The third EC project to launch in 2025 is located at Jalan Loyang Besar in Pasir Ris, with a joint venture between Qingjian Realty, Forsea Holdings, and ZACD Group purchasing the site for $557 million ($729 psf ppr) in August 2024. The project is expected to yield 710 units.Read also: Novo Place hits 88.1% as 137 units snapped up in second ballotingIn 2013, the last EC launch in Pasir Ris was in 2013 for Sea Horizon at Kian Teck Way. It debuted at an average price of $800 psf. In 2024, the average resale price for caveats lodged was $1,290 psf, reflecting a 61.25% increase over the past decade. As Pasir Ris has not seen a new EC launch in almost 12 years, pent-up demand is expected.After being launched in September 2013 at an average price of $800 psf, the last EC launched in Pasir Ris was Sea Horizon. By 2024, the average resale price for caveats lodged had risen to $1,290 psf, reflecting a 61.25% increase over the past decade (Photo: Google Maps).New EC supply set to double in 2024, with three projects slated for launch — There is a strong demand for executive condominiums (ECs), a hybrid of public and private housing, among first-time homebuyers and HDB upgraders. This is attributed to their affordability compared to private new launches. According to PropNex, the median price of new 99-year leasehold, non-landed private homes in the Outside Central Region (OCR) in 2024 is $2,203 psf (as of December 8, 2024). This represents a 44% premium above new EC launch prices. Check out the latest listings for Aurelle Of Tampines propertiesAsk BuddyTotal number of units in Aurelle Of TampinesUpcoming new launch projects Condo rental transactions in District 18Projects that obtained TOP recentlyRecently launched projectsTotal number of units in Aurelle Of TampinesUpcoming new launch projects Condo rental transactions in District 18Projects that obtained TOP recentlyRecently launched projectsAll You Need To Know About The Upcoming Executive Condo Projects in 2025In 2025, three new executive condo projects are scheduled to launch, with Sim Lian Group’s Aurelle Of Tampines leading the way. Located at Tampines Street 62, the 760-unit development is expected to debut in the first quarter of the year, most likely after the Lunar New Year. This launch follows the successful sale of Emerald of Katong, with only 99% of its 846 units left.The site for Aurelle Of Tampines was secured by Sim Lian Group for $543.28 million in a government land sales tender that concluded in October 2023. This translates to $721 per square foot per plot ratio (ppr). With rising construction costs and the harmonization of gross floor area (GFA) definitions, PropNex CEO Ismail Gafoor believes that Aurelle Of Tampines could set a new price benchmark, potentially surpassing the $1,600 psf threshold. This expectation is based on the success of the Novo Place EC, which was launched in November and achieved an average price of $1,656 psf.Explore comprehensive data about all ECs, including average profit at 5 and 10 yearsThe 760-unit Aurelle Of Tamp
.
Securing financing is a vital element when considering investing in a condo. Within Singapore, there is a variety of mortgage choices available, however, it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can acquire based on their income and current financial liabilities. As a result, it is crucial for investors to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions, to avoid over-leveraging. In addition, considering Singapore Projects can also provide valuable insight into the best financing options available.