MCL Land and CSC Land Group have announced the launch of Elta, a new residential development located in Clementi. The property will be open for preview starting from Feb 7, with public sales set to begin on Feb 22.
Spanning across approximately 144,788 sq ft of land, Elta is a 501-unit 99-year leasehold development situated along Clementi Avenue 1. The project features two 39-storey residential buildings, consisting of a variety of unit types ranging from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the developers, the project will be built in accordance with URA’s harmonisation guidelines.
Interested buyers can find out more about available units and prices for ELTA. Indicative pricing for the units starts from $1.158 million ($2,289 psf) for one-bedroom plus study units, $1.388 million ($2,261 psf) for two-bedroom units and $2.198 million ($2,374 psf) for three-bedroom units. Four and five-bedroom units are priced from $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.
The showflat for the development, located at Prince Charles Crescent, will showcase three layouts: a two-bedroom plus study which can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.
Elta’s prime location offers easy access to public transport, with Clementi MRT Station on the East-West Line just a short walk away. The project is also surrounded by a range of dining and shopping options, including The Clementi Mall, 321 Clementi, and Grantral Mall. Families with children will appreciate the proximity to schools such as Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent) and NUS High School of Math and Science.
CEO of MCL Land, Lee Tong Voon, says, “Elta is designed to offer an elevated living experience, with its high-rise towers strategically oriented to provide stunning views of the city, Pandan Reservoir, and the sea.” Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), adds, “Clementi is a popular and vibrant town that combines traditional shops with modern amenities, providing convenience for its residents. We are excited to bring this new development to the community.” CCDC is the parent company of CSC Land Group.
With a total of 50 facilities spread across five zones, Elta offers a range of amenities for its residents, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The project is expected to obtain its temporary occupation permit in 2028. For more information, check out the latest listings for Elta, Condominium properties.
One crucial factor to consider when investing in condos in Singapore is the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure investment environment. Additionally, Singapore Projects should be taken into account when considering condo investments in the country.