MCL Land and CSC Land Group are teaming up to reveal their newest residential development, Elta. This 501-unit property is situated in the prime location of Clementi and will be available for preview on Feb 7, with public sales launching on Feb 22.
Sitting on a land site of approximately 144,788 sq ft, Elta is a 99-year leasehold development that boasts of two 39-storey residential buildings. It offers a variety of units ranging from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The developers have confirmed that Elta will be following URA’s harmonisation guidelines.
Interested buyers can find out more about available units and prices of Elta by visiting their official website. 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 pricing starting from $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.
The showflat at Prince Charles Crescent will feature three layouts, including a two-bedroom plus study that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit designed for multi-generational living.
Elta is conveniently located near Clementi MRT Station on the East-West Line and is surrounded by a variety of dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-age children will also appreciate the proximity of renowned 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.
When it comes to investing in Singapore Condo, it is crucial for foreign investors to familiarize themselves with the regulations and limitations that govern property ownership. In Singapore, foreigners have more flexibility in purchasing condominiums compared to landed properties, which have stricter ownership rules. However, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this added expense, the stability and potential for growth in the Singapore real estate market continue to attract foreign investment.
Mr. Lee Tong Voon, CEO of MCL Land, shared his excitement for the project, “Elta is designed to offer elevated living, with its high-rise towers strategically positioned to provide breathtaking views of the city, Pandan Reservoir, and the sea.” Meanwhile, Mr. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), which is the parent company of CSC Land Group, highlighted the convenience of living in Clementi, “Clementi is a popular and vibrant town that effortlessly blends traditional shops and modern amenities, adding convenience to the community.”
Elta will also feature 50 facilities spread across five zones, including a 50-meter lap pool, gymnasium, tennis court, and gardening corner. The development is expected to receive its temporary occupation permit in 2028. Interested buyers can check out the latest listings for Elta on their official website or consult with property agents on Ask Buddy. They can also compare price trends of different property types and check out rental listings in District 5.