The 572-unit Rivelle Tampines executive condominium (EC) has been fully sold within a month of its end-March launch.

During the second-timer balloting that began at 10am this morning (April 25), the remaining 58 units were snapped up by 11.15am.

At launch, developer Sim Lian Group sold 92.5% of units over the first weekend at a median price of $1,937 psf — making Rivelle Tampines the best-selling EC by take-up rate so far this year.

Explore comprehensive data about all ECs, including the average profit at 5 and 10 years

“This is the second EC project in Tampines to sell out during the second balloting, after Aurelle of Tampines,” says Mark Yip, CEO of Huttons Asia.

The 760-unit Aurelle of Tampines, launched in March 2025, achieved about 90% sales on its opening weekend and was likewise fully sold within a month.

Huttons notes that more than 1,300 EC units in Tampines have been taken up within a year, supported by a strong pool of first-time buyers and HDB upgraders.

Rivelle Tampines is located opposite Tampines West MRT Station on the Downtown Line and near the upcoming Pinery Mall.

“Buyers viewed Rivelle Tampines as attractively priced and comparable to private residential projects,” says Yip.

According to Huttons, about 87.9% of buyers at Rivelle Tampines opted for the deferred payment scheme (DPS), up from 71% at Aurelle of Tampines. Yip says this suggests many buyers still have existing home loans, with DPS offering greater flexibility while helping them meet the 30% mortgage servicing ratio.

Read also: Private home prices up 0.9% in 1Q2026, as non-landed segment rebounds

The 30% quota for second-timers was also fully taken up by 2.15pm on launch day, signalling strong demand from HDB upgraders, notes Kelvin Fong, CEO of PropNex.

Despite record EC prices at Rivelle Tampines, the remaining units were fully taken up during the second round of balloting on April 24. “This underscores the resilience of EC demand and how such projects continue to offer a compelling pathway into private housing for many Singaporean households,” says Fong.

He adds that new ECs remain comparatively more affordable than private condominiums. Based on caveats lodged, the median price of new ECs sold in 1Q2026 was $1,837 psf — about 27% lower than the $2,503 psf recorded for new 99-year leasehold non-landed private homes in the Outside Central Region over the same period.

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