Elta, the latest 501-unit residential development in Clementi, is set to be unveiled by joint developers MCL Land and CSC Land Group. The property will open for preview from February 7, with public sales to follow on February 22.
Situated on a 99-year leasehold land site spanning approximately 144,788 sq ft, Elta is located along Clementi Avenue 1 and features two 39-storey residential buildings. The development offers a variety of units 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 adhere to URA’s harmonisation guidelines.
When contemplating an investment in a condominium, it is crucial to evaluate the potential rental yield. Rental yield refers to the annual income generated from renting out the property, calculated as a percentage of the purchase price. In Singapore, the rental yields for condos can vary greatly, depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. To gain a better understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents can be beneficial. Additionally, exploring the newly launched condos through New Condo Launches can provide valuable insights into the rental market.
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 also available, with indicative prices starting from $2.798 million ($2,363 psf) and $3.888 million ($2,189 psf), respectively.
The showflat at Elta will feature 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. The development is conveniently located within walking distance of Clementi MRT Station on the East-West Line, and is also close to popular dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall.
Parents with school-going children will also appreciate the proximity of Elta 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.
Lee Tong Voon, CEO of MCL Land, says: “Elta is designed to offer residents a luxurious living experience, with its high-rise towers strategically positioned to provide breathtaking 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 – adds: “Clementi is a bustling town that seamlessly blends traditional shops and trendy amenities, providing added convenience for its residents.”
Elta boasts 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The development is expected to receive its temporary occupation permit in 2028.
Interested buyers can browse the latest listings for Elta or other condominium properties on Ask Buddy. They can also compare the price trends of new sale condos versus executive condos, as well as the most expensive average PSF and highest profit-generating condo projects in the past year. Additionally, they can compare the price trends of HDB, condos, and landed properties, or search for any available condo rental listings in District 5.