A New 99-Year Leasehold Development in Clementi, District 5

Key Takeaways

• Prime Leasehold: Elta holds a 99-year lease, which can appeal to buyers who want modern features in a secure arrangement.
• Convenient Location: It sits near Clementi MRT (around 820 meters away), ensuring easy train access for daily commutes.
• Comprehensive Facilities: Residents can enjoy a 50-meter lap pool, jacuzzi pool, tennis court, and sky terrace.
• Future Value Potential: Prices are estimated at about $2,500 to $2,700 per square foot, signaling possible growth for investors.
• Proximity to Schools: Nan Hua High School is directly across the street, along with other academic institutions in the neighborhood.
• Easy Shopping: Nearby malls include 321 Clementi Mall, West Coast Plaza, and Grantra Mall. There are also well-known supermarkets such as Sheng Siong and NTUC FairPrice close by.
• Green Surroundings: West Coast Park and Clementi Woods provide leisure options and scenic spots.
• Projected Timeline: Preview starts in Q1 2025, and the expected TOP date is Q1 2029.

Elta is an upcoming condominium located along Clementi Avenue 1 in Singapore’s District 5.
It spans more than 13,000 square meters of land, featuring 501 residential units in total.
It is a joint effort by MCL Land and CSC Land, who each have a track record of quality construction and property development.

This project offers a fresh take on modern housing in a well-established district.
Families, working professionals, and investors may find this location practical.
Elta’s design prioritizes comfort, efficient layouts, and a strong emphasis on daily convenience.

An experienced property observer shared that many families seek homes in Clementi due to its balanced lifestyle environment.
Shoppers can visit large malls, students can attend recognized schools, and those who like the outdoors can head to nearby parks.
Elta’s planners have kept these points in mind to create a well-rounded residential choice for various homeowners.

Overview of Elta

Elta has a 99-year leasehold status.
This type of lease is common in Singapore and grants a secure period of ownership before the lease ends.
The project’s planned TOP (Temporary Occupation Permit) date is set for Q1 2029, so it aligns with the needs of buyers seeking new homes.

Basic Project Details

• Land Size: About 13,451.1 square meters
• Total Units: 501
• Developer: Collaboration between MCL Land and CSC Land
• Lease Period: 99 years

These figures highlight Elta’s core features.
The developers aim to deliver a modern living environment where people can enjoy condominium facilities and safe community spaces.

Prime Connectivity

Elta sits roughly 820 meters from Clementi MRT Station.
This is a short train ride away from key business areas, including the Central Business District.
Access to major expressways, such as the Ayer Rajah Expressway (AYE), also helps residents who drive.

Transport Highlights

• Clementi MRT Station (820m): Offers quick travel by train to various parts of Singapore.
• Ayer Rajah Expressway (AYE): Connects drivers to key zones, such as One-North and the city center.

Many buyers and investors look for properties with strong public transport links.
Elta meets that criterion by letting residents reduce travel times.
This can be helpful during peak hours and can make daily routines smoother.

Here’s a comprehensive table of amenities near Elta Condo:

Unit Layouts and Facilities

Elta’s planners focus on user-friendly layouts.
They design interiors that maximize space for living, dining, and leisure.
This approach makes units suitable for different household sizes, from small families to multi-generational homes.

Key Facilities

• 50-meter Lap Pool: Suitable for daily exercise.
• Jacuzzi Pool: Good for relaxation.
• Children’s Pool: Offers a safe play zone for kids.
• Tennis Court: Encourages an active lifestyle with sports and friendly matches.
• Sky Terrace: Provides a pleasant communal area with city views.

These facilities add to the condominium experience.
Parents can supervise their children in the pool, and friends can gather for fitness sessions.
The variety of amenities caters to residents of all age groups.

Pricing and Investment Potential

Market experts expect Elta to list at around $2,500 to $2,700 per square foot.
This is higher than many nearby developments, reflecting current land costs and modern designs.
Analysts see potential in this range, especially with the nearby growth zones such as Jurong Lake District and One-North.

Reason for Price Estimates

• High demand for new projects in District 5
• Accessibility to public transport and expressways
• Nearby job hubs that may drive rental demand

Investment watchers note that Clementi has had strong growth in the past.
Projects like The Clement Canopy saw a steady increase in property values.
Elta may follow a similar trajectory due to its prime location and updated facilities.

Advice from an Expert
Seasoned real estate professionals suggest that buyers compare loan rates and keep track of local market trends.
They also mention that families should confirm the right unit size, ensuring enough space for future needs.
This consideration can support a comfortable living experience and can add to property value over time.

Surrounding Amenities

Elta’s neighborhood includes schools, retail outlets, and recreational sites.
These amenities help daily routines and create a balanced environment.

Educational Options

Nan Hua High School sits across from the property.
This proximity can simplify morning schedules for students, who can walk or bike to class.
Other institutions also stand within short travel distances, making Clementi a favored choice for families with children.

Residents value homes near top educational centers.
It can reduce commute times, and some parents find it reassuring to have well-known schools in the vicinity.
This factor can also support the property’s resale value in the long run.

Shopping and Everyday Convenience

Daily needs are easy to fulfill with multiple malls and supermarkets close by.
321 Clementi Mall, West Coast Plaza, and Grantra Mall provide an array of retail stores, dining outlets, and services.
Supermarkets such as Sheng Siong and NTUC FairPrice offer groceries at reasonable prices.

Shoppers can find electronics, household items, and fresh produce in a single trip.
Residents can also enjoy weekend family outings to these malls for dining or basic entertainment.
This concentration of amenities helps people maintain a comfortable routine.

Outdoor and Leisure Spots

Elta is near green areas like West Coast Park and Clementi Woods.
These places offer open space for picnics, jogging, and group sports.
Some nature lovers mention that these parks provide a much-needed break from urban life, with greenery and breezy walkways.

Nature-themed outings can also be a bonding moment for families.
Children can explore playgrounds, while adults can stroll or relax on park benches.
Such amenities make the district more attractive for those who value outdoor leisure time.

Preview and Launch

Elta is scheduled to start previews in 15 Feb 2025
This phase lets interested parties tour showflats, learn about the layout choices, and confirm unit prices.
Buyers often use this period to secure a good spot within the project and study available floor plans.

What to Expect During Preview:

• Development updates: Construction milestones and project timelines
• Unit selection: Various layouts, floors, and available views
• Price guidance: An overview of base prices and potential financing options

The expected TOP date is set for Q1 2029.
This timeframe gives buyers enough space for financial planning.
People who buy early often enjoy the flexibility to pick units that match their preferences in layout and location.

Expert Observations

Personal Anecdote from a Property Watcher
An experienced observer who toured Clementi for many years recalls seeing the area evolve from basic housing to a vibrant hub with multiple high-rise condominiums.
They mention that new roads and improved malls have made Clementi more visitor-friendly.
They also note that traffic remains manageable, which makes driving a feasible option.

Tips from Seasoned Agents

• Estimate Monthly Costs: Consider monthly mortgage payments, maintenance fees, and other relevant charges.
• Check School Enrollment: Families with children should confirm admission timelines with schools near Elta.
• Visit Sample Units: Walk around model units to sense the space and see if it matches daily needs.

These pointers can help new buyers feel more informed about a purchase.
Elta’s strategic location and comprehensive amenities set it apart from older developments.
However, buyers should review all financial and personal considerations before making a decision.

Comparing Key Developments in Clementi

The table below contrasts Elta with other popular developments in the Clementi area.
It covers aspects such as launch year, distance from Clementi MRT, price range, and key facilities.

Observations

• Elta’s Price Range is higher, reflecting current market values and updated designs.
• Proximity to MRT is an advantage for many of these projects, with distances mostly under 1km.
• Facilities vary, but Elta emphasizes multiple pool options, a tennis court, and a sky terrace.

Concluding Thoughts

Elta aims to provide a modern housing experience in Clementi, a part of Singapore known for its schools, retail variety, and efficient transport links.
Its higher per-square-foot price signals potential for future growth, especially if the economy remains stable and demand for city-fringe properties holds steady.

The upcoming preview in 15 Feb 2025 will give interested parties a deeper look at units and cost details.
Families may appreciate the short distance to schools.
Investors might find comfort in the property’s link to major job hubs like One-North and Jurong Lake District.

In a growing part of Singapore, Elta has a chance to stand out as a fresh choice.
Its 99-year lease, range of amenities, and planned TOP date in Q1 2029 make it a significant addition to Clementi’s housing scene.

Frequently Asked Questions

1. Who is developing Elta?
Elta is a collaboration between MCL Land and CSC Land, two reputable property developers.

2. How many units are available at Elta?
There are 501 residential units in this upcoming development.

3. What is the expected TOP date for Elta?
Elta’s TOP is planned for Q1 2029, giving buyers a clear timeline for moving in.

4. How far is Elta from Clementi MRT Station?
It is roughly 820 meters away, which is a short distance for many commuters.

5. What kind of facilities will Elta have?
Elta will have a 50-meter lap pool, jacuzzi pool, children’s pool, tennis court, and a sky terrace for relaxation and gatherings.

6. Why is Elta priced at $2,500 to $2,700 per square foot?
The higher price range reflects the cost of land, modern building standards, and the project’s location near key commercial hubs.

7. Are there any nearby schools?
Nan Hua High School is located across from the property. Other institutions in Clementi cater to different age groups.

8. What are some nearby shopping options?
Residents can head to 321 Clementi Mall, West Coast Plaza, and Grantra Mall. They can also find groceries in Sheng Siong or NTUC FairPrice.

9. Does Elta offer good highway access?
Yes, it connects to major roads and expressways like the Ayer Rajah Expressway (AYE), supporting drivers who travel to various parts of Singapore.

10. What are some outdoor spots near Elta?
West Coast Park and Clementi Woods are within reach for leisure walks, jogs, or family outings.

This article presents a simplified view of Elta’s features, price trends, and nearby facilities. Buyers should verify all details and stay updated on project announcements for the most accurate information.