Sim Liam’s Rivelle Tampines executive condominium (EC) sold 92% of its 572 units at its launch on March 21, at an average price of $1,893 psf.
The units sold were priced from $1,588,000 for an 883 sq ft three-bedroom unit, $1,893,000 for a 1,044 sq ft four-bedroom unit and $2,559,000 for a 1,378 sq ft five-bedroom unit, based on developer indications before launch.
Rivelle Tampines is the first EC in Tampines to cross the 90% take-up mark during launch weekend and is the “best-selling EC so far in 2026”, according to Mark Yip, CEO of Huttons Asia.
The project also recorded the “strongest EC launch performance since Hundred Palms Residences sold out during its launch in July 2017”, notes Kelvin Fong, CEO of PropNex.
“The excellent sales performance can be partly attributed to the attractive location of Rivelle Tampines EC, being within walking distance to the upcoming Pinery Mall and the Tampines West MRT station, as well as its proximity to amenities such as the SAFRA Clubhouse, Tampines Round Market, Bedok Reservoir Park and numerous schools, including St. Hilda’s Primary School and Junyuan Primary School,” adds Fong. “It is also just one MRT stop to more commercial offerings, and Our Tampines Hub in Tampines Central”.
Demand was strong across unit types, with the three-bedroom premium and three-bedroom premium plus study units fully sold, while more than 95% of four-bedroom units were taken up at launch, according to Yip.
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This strong demand is underpinned by the option of the deferred payment scheme (DPS), which “an estimated 71% of buyers opted for”, says Yip. This allows them to “start servicing their loan when the EC receives its Temporary Occupation Permit. This also helps the HDB upgraders who may still have an outstanding loan for their current flats,” he adds.
Second-timer demand was particularly strong. “All 171 units allocated to second-timers were fully taken up by 2.15pm on launch day”, says Yip.
Under EC rules, only 30% of units can be allocated to second-timers at launch, with the remaining units available one month later.
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Fong expects Rivelle Tampines to “likely sell out when bookings reopen to second-timers”.
The Rivelle Tampines preview drew more than 8,000 visitors, highlighting strong upgrader demand in the East. Fong attributes the strong performance partly to Tampines’ large pool of HDB households. "Tampines is Singapore’s largest HDB town, with more than 83,100 units under management as of 2024", says Fong.
Strong HDB upgrader demand
ERA Singapore notes that demand for ECs remains robust, supported by a steady pipeline of HDB households reaching their Minimum Occupation Period (MOP). “In 2026, around 4,315 flats in Bedok and Tampines are projected to reach MOP, increasing the pool of potential buyers for ECs such as Rivelle Tampines,” says Eugene Lim, key executive officer of ERA Singapore.
Justin Quek, deputy group CEO of Realion Group, adds that resilient resale prices of younger flats in nearby towns have enabled upgrading. In 2025, median prices of younger 4-room flats reached $860,000 in Bedok and $770,000 in Tampines, while 5-room flats hit $1.03 million and $915,000 respectively, according to Quek.
Limited EC supply in the East
Rivelle Tampines also benefits from the limited EC supply in the East. “No other EC launches [are] expected in the East for the rest of the year and no Government Land Sales (GLS) EC sites [are] available in the region; the supply pipeline remains tight,” adds Lim.
ECs in Tampines have historically performed well. Aurelle of Tampines sold about 90% of its 760 units at launch in March 2025, while Tenet shifted about 72% of its 618 units during its launch in December 2022, according to Fong.
Although EC prices have risen in recent years due to higher land and construction costs, they remain more affordable than private condominiums. Based on URA Realis data cited by PropNex, new ECs averaged “$1,787 psf in 2026 (till March 14), about 21% lower than new 99-year leasehold non-landed homes in the Outside Central Region at $2,274 psf”, adds Fong.
With limited unsold EC stock remaining in the market and no new EC sites in the pipeline for the East, analysts expect Rivelle Tampines to continue drawing interest. The development is likely "one of the final opportunities for buyers" seeking a new EC in Tampines in the near term, says Lim.
Chart: ERA Singapore
