MCL Land and CSC Land Group are excited to announce the launch of Elta, an upcoming residential development in the heart of Clementi. The 99-year leasehold property is set to open for preview on Feb 7, with public sales beginning on Feb 22.
Situated in a prime location along Clementi Avenue 1, the condo spans a spacious land area of approximately 144,788 sq ft and boasts two 39-storey towers. Featuring a total of 501 units, Elta offers a range of one-bedroom-plus-study to five-bedroom apartments, with sizes ranging from 506 sq ft to 1,776 sq ft. The joint developers have also prioritized adhering to URA’s harmonization guidelines in the design and construction of the development.
Interested buyers can get the latest updates on unit availability and prices by visiting the Elta showflat.
Prices for the units are indicative and start 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.
The showflat, located along Prince Charles Crescent, will showcase three layouts – a two-bedroom-plus-study unit that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit perfect for multi-generational living.
Elta is conveniently situated within walking distance to Clementi MRT Station on the East-West Line, as well as a variety of dining and shopping options including The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will also appreciate the proximity to 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.
Commenting on the development, MCL Land CEO Lee Tong Voon says, “Elta is designed to provide an elevated living experience, with its high-rise towers strategically oriented to offer panoramic views of the city, Pandan Reservoir, and the sea.”
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One crucial factor to take into account when considering condo investment in Singapore is the government’s property cooling measures. In an effort to keep the real estate market steady and prevent speculative buying, the Singaporean government has implemented several 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 affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a safer investment environment. For information on new condo launches, visit homesearch-md.com.
Adding to this, Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, says, “Clementi is a popular, vibrant town that seamlessly blends traditional shops and trendy amenities, providing convenience to the community.”
Elta will also feature a range of 50 facilities across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The development is expected to obtain its temporary occupation permit in 2028.
Don’t miss the chance to own a piece of prime real estate in Clementi – head down to the Elta showflat to find out more!