MCL Land and CSC Land Group are gearing up to launch their latest project, Elta – a 501-unit residential development in the Clementi neighborhood. The property has been scheduled for preview on February 7 and will be open for public sales starting February 22.
Located on a 99-year leasehold land covering an area of approximately 144,788 sq ft, Elta consists of two 39-storey residential buildings. The units range from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The development will be built in accordance with URA’s harmonisation guidelines, as stated by the joint developers.
When it comes to investing in Singapore, one crucial factor to consider is the government’s property cooling measures, especially for condos. To maintain a stable real estate market, the Singaporean government has implemented several measures to prevent speculative buying. These measures include the Additional Buyer’s Stamp Duty (ABSD) that imposes higher taxes on foreign buyers and those purchasing multiple properties. Though these measures may affect the immediate profitability of condo investments, they also promote long-term market stability, making it a secure investment opportunity. Additionally, condos are a great option for investment in Singapore.
Interested buyers can get complete information on available units and prices for Elta through advertisements. The indicative pricing for 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, $2.198 million ($2,374 psf) for three-bedroom units, $2.798 million ($2,363 psf) for four-bedroom units, and $3.888 million ($2,189 psf) for five-bedroom units.
Potential buyers can visit the showflat on Prince Charles Crescent to get a better understanding of the project, as it will display three layouts – a two-bedroom plus study unit that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.
Elta’s location is a major selling point, with Clementi MRT Station on the East-West Line just a short walk away. The development is also in close proximity to various dining and shopping options, including The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will also find this development convenient, with reputable 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 situated nearby.
According to MCL Land CEO Lee Tong Voon, Elta’s design offers luxurious living, with its high-rise towers strategically positioned to provide stunning views of the city, Pandan Reservoir, and the sea. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, also adds that Clementi is a popular and dynamic town that seamlessly blends traditional shops with trendy amenities, bringing added convenience to the community.
Elta will feature 50 facilities spread across five zones, including a 50-meter lap pool, gymnasium, tennis court, and gardening corner. The project is expected to receive its temporary occupation permit in 2028. Interested buyers can also check out the latest listings for Elta and compare prices with other condominium properties, as well as other types of housing such as Executive Condominiums (ECs), HDB flats, and landed properties. They can also inquire about condo rental listings in District 5.