Sim Lian’s Rivelle Tampines executive condominium (EC) achieved a full sell-out of its 572 units during its second round of balloting on April 25.
This makes it the third EC project to be sold out during its second round of sales balloting since Aurelle of Tampines in April 2025 and Copen Grand in November 2022, says Kelvin Fong, CEO of Propnex.
At its launch on March 21, Rivelle Tampines EC sold 92% at an average price of $1,893 psf. The 30%-unit quota allocated to second-timer buyers was fully taken up by 2.15pm that day.
“Despite the new benchmark EC price set during its launch, Rivelle Tampines [EC] still performed well... This underscores the resilience of EC demand and [the continued appeal] of such housing types as a compelling pathway into private housing for many Singaporean households, including HDB upgraders,” adds Fong.
The relatively lower price of ECs compared to 99-year leasehold condominiums in the Outside Central Region (OCR) also makes Rivelle Tampines EC “comparatively more affordable” for buyers, Fong notes. “According to caveats lodged (data retrieved on April 25), the median unit price of new ECs sold in 1Q2026 was $1,837 psf, about 27% lower than $2,503 psf for new 99-year leasehold non-landed private homes in the OCR during the same period.”
Mark Yip, CEO of Huttons Asia, says: “Rivelle Tampines [EC] is probably one of the rare few EC projects in the past ten years that is [located] within 1.5km from Tampines MRT Station on the East-West line.”
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The deferred payment option contributes to the project's popularity, says Yip. “An estimated 87.9% of buyers chose the deferred payment scheme, [up from] the estimated 71% during the initial launch in March. This indicates that many of the buyers still have an existing loan and [that] opting for a deferred payment scheme allows for [greater] flexibility to meet the 30% mortgage servicing ratio (MSR) [limit].”
“Collectively, the two EC projects launched this year — Coastal Cabana [EC] and Rivelle Tampines [EC] — have sold a combined 1,139 units (or 86%) out of the total 1,320 units, based on URA Realis caveat data. The inventory of unsold EC units on the market remains limited at below 200 units. Given the tight unsold stock and strong upgrader demand, we expect government land sales EC site tenders to [continue to] draw confident bids from developers,” adds Fong.
