After hearing reports of the condominium next door selling 70% of all its units on the launch weekend, and how it has gone up in price by more than 25% when the residence is completed, I started to pay attention to Elta, which is within the same Clementi area. I found that Elta has the same appreciation potential as that condominium, due to the following 3 reasons:
Graph Of Clavon condo average prices increasing more than 25% from 2020 to 2024
The most notable feature of the area around Elta condo is the large number of higher education institutions. The School of Science and Technology, National University of Singapore, Yale-NUS College and Singapore Polytechnic are all close by. Additionally, there are primary schools within 1km of Elta for families to choose from. Residents may go to Pei Tong Primary School in five minutes by driving North along Clementi Road, and Qi Fa Primary School is five minutes West along Commonwealth Avenue West.
Couples who currently have a child or children attending these primary schools, or who are planning to enroll their children in one, will find this residence an excellent fit into their plans.
The developer will focus its unique proposition on the North-East facing unobstucted views observed at the higher levels of Elta. The lucky home owners on the top few floors can enjoy the panoramic view of the Singapore Polytechnic campus, Dover forest, and beyond!
That being said, half the units at Elta are facing South-West with views of Pandan Reservoir. So at the higher levels, all the units at Elta have views that are unobscured.
While many will not mind a clear view of scenery from their home and good ventilation of unhindered airflow, some must and will give a premium to obtain a home like this. That’s why there are many $1 million high floor HDB flats in Clementi!
A lot of talk will surround the proximity of Elta to Clementi MRT interchange station, which is about 10-minutes walk away. This may sound unimpressive at first to prospective residents who prefer access of public transport right at their doorstep. However, let’s not forget that the Cross-Island Line will reduce travel times for commuters to Ang Mo Kio, Punggol, Sengkang and Hougang.
In 2025 when Elta is launched for sale, the journey to Punggol is only via the North-East Line, and to Ang Mo Kio is via the North-South Line. The Cross-Island line will reduce commute time by up to 70 minutes for the residents of Elta.
Historically, whenever a MRT line or MRT station becomes operational, the property values in the surrounding area skyrocket. Buyers know that they are getting into Elta BEFORE the Cross-Island line is ready, thus securing the potential capital appreciation today while waiting for the manifestation of profits in the near future.
With these 3 crucial factors backing the demand and price for Elta apartments, I recommend this development for families both big and small on a lookout for new homes in Clementi, and will also like to get a good profit should they need to sell in the future. It’s no wonder that some home owners want us to keep Elta condo a secret, so there is less competition for them!
Keen to experience the environment at Elta? Book An Appointment using the form below to view the showflat today!
Developer: MCL Land and CSC Land Group
Tenure: 99 Years Leasehold
Site Area: 144,788 square feet
Total Units: 501
Expected TOP: May 2029
Expected CSC: May 2032
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