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Rivelle Tampines developed by Sim Lian Group is now currently the only Executive Condominium (EC) that famously sold out within one month, officially hitting 100% sell-out status on April 25, 2026
Sim Lian Group’s latest executive condominium (EC), Rivelle Tampines, has officially sold out its final units today, just one month after its blockbuster launch in March 2026.
The 572-unit project at Tampines Street 95 reached its 100% sell-out status following a swift second-timer balloting session this morning (April 25), where the remaining 58 units were snapped up in just over an hour.
The "Quantum Play" Success Despite setting a new benchmark for EC pricing with a median launch price of $1,937 psf, the project’s success reinforces the market's shift toward Absolute Quantum.
- Affordability: With over 93% of units priced below the $2.5 million mark, it hit the "sweet spot" for HDB upgraders.
- Deferred Payment Strategy: Interestingly, 87.9% of buyers opted for the Deferred Payment Scheme (DPS), highlighting a strategic move by investors to manage cash flow while navigating 2026’s interest rate environment.
Kiwi Lim, Associate Group Director of PropNex Realty believe Rivelle Tampines is now the best-selling EC of 2026 by take-up rate, surpassing its neighbor Aurelle of Tampines. Its proximity to the Tampines West MRT and the upcoming Pinery Mall made it an irresistible "utility" asset for those looking for long-term "Flourishing" potential in District 18.
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Why Did The One Month Sellout Defy Gravity?
The $2M Psychological Wall:
While the media fixates on the record-breaking $1,937 median PSF, smart buyers looked at the Quantum. With most units staying under $2.5M, it hit the absolute sweet spot for HDB upgraders and DINK couples.
The 'Deferred' Advantage: A staggering 87.9% of buyers chose the Deferred Payment Scheme. They aren't just buying a home; they are buying time and cash flow liquidity. In a 2026 market, cash is king, and deferred payments are the crown.
Utility: Being 2 minutes from Tampines West MRT (DTL) and the upcoming Pinery Mall isn't a luxury; it’s a utility. Investors are moving away from 'lifestyle fluff' and toward assets that solve the daily commute.
As the supply of new ECs in the East remains tight, Rivelle’s rapid exit signals that for the right location and price quantum, the appetite for Singapore’s "hybrid" condo remains insatiable.
"Is $1,937 PSF for an EC the 'new normal,' or is it a peak? Only time will tell" says Kiwi Lim, Associate Group Director of PropNex Realty.
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"I spent my Saturday tracking the Vela Bay launch and the results are a wake-up call for those waiting for the market to 'cool'." said Kiwi Lim, Associate Group Director of PropNex Realty.
By 6 PM on 25th April 2026 - Vela Bay, developed jointly by SingHaiyi and Chuan Capital moved 371 units—that’s a 72% take-up rate out of the 515-unit development at an average of $2,886 PSF. For the first private launch in the brand-new Bayshore precinct, these numbers are significant.
One lucky Singaporean buyer even secured a 5-bedroom penthouse with that 180-degree sea view for $5.83M ($3,303 PSF). When people are willing to pay a $3,300 psf premium for sea view, you know the appetite for 'Trophy Assets' is alive and well.
The Bayshore precinct would be the one to watch in 2026, at an average of $2,886 psf, buyers weren't just looking at the price—they were looking at the Future.
More than half the units sold at Vela Bay enjoy sea views - an effective property inflation hedge. With more than 90% Singaporean buyers, the demand is domestic and deep. If you’ve been eyeing the East Coast, the 'Vela Effect' is going to ripple through the market this month.
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The stellar performance of Vela Bay marks a pivotal moment for 2026. Despite a backdrop of cautious global sentiment, buyers doubled down on the rare sea view units in the East Coast. The average launch price — which many previously thought was close to Rest of Central Region (RCR) pricing — has now set a new benchmark for 99 year leasehold Outside Central Region (OCR) properties.
Key takeaways from the ground:
- The Entry-Level Sweep: 1-bedroom-plus-study units (starting from $1.2M+) are almost entirely gone. Investors clearly see the rentability of this node.
- Family Dominance: We saw about 75% of the 3-bedroom units (from $2.2M) snapped up. This tells me that families are buying into the Bayshore 'lifestyle' vision for the long haul.
- Local Confidence: 90% of Vela Bay buyers are Singaporeans. This isn't speculative foreign money; this is local capital betting on the East Coast’s transformation.
- Scarcity: Projects with direct sea views in the East Coast are becoming 'Trophy Assets'.
- Confidence: Investors are shifting from shares volatility back to brick and mortar investments.
- The Move: Many of these buyers aren't looking at the psf—they are looking at the Asset Class.
Top bid Of $962 psf ppr for Dairy Farm Walk GLS site
"The 72% take-up rate at an average price of $2,886 PSF is a clear vote of confidence," says Kiwi Lim, Associate Group Director of PropNex Realty. "In an era where stocks ad digital assets are volatile, the 2026 investor is returning to the fundamentals: Scarcity, Sea Views and Strategic Connectivity with first mover advantage".
