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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