Clementi's ELTA Condo: Prime Location, Promising Investment

Today, we will be exploring an upcoming condo in Clementi: Elta. Through this case study, we’ll thoroughly assess this project’s potential, discussing its locational advantages, nearby amenities, and projected investment returns.

Elta Condo: An Introduction

Elta is a District 5 Outside Central Region (OCR) development with 501 units spread across 39 storeys, developed by MCL Land and CSC Land Group. Launched in February 2024, it consists mainly of 1 to 5-bedroom units.

Location Analysis: Clementi District 5

Clementi is a mature estate offering convenience, accessibility, and a healthy mix of public and private housing. This well-established township in District 5 is a vibrant area offering easy access to amenities, educational institutions, and transportation networks.

Connectivity and Transportation

While Elta is not directly connected to an MRT station, there are shuttle bus services connecting the development to various nearby stations.

Resale vs. New Launch: Making the Right Move

As potential buyers in Clementi, you will likely be deciding between resale units and the latest new launch, Elta.

Clement Canopy, about 10 years old, has seen transactions at a high of $2,002 psf (pre-harmonised), while Clavon, newer, has recorded transactions at a high of $2,338 psf (pre-harmonised).

ELTA, priced from $2,2XX psf, could bring similar, if not better, returns in the long term given its newer facilities and the growth potential of Clementi.

Pricing and Investment Potential

Considering the current selling prices and transacted rates of recent projects in Clementi, ELTA is anticipated to perform well. At an estimated breakeven price of $2,156 psf, ELTA offers a relatively safe and promising entry price for potential investors and homebuyers.

Highway Noise: A Consideration for Owners

Some units at ELTA face the Ayer Rajah Expressway (AYE), which could raise concerns regarding noise levels. For owner-occupiers or investors planning to rent out these units, it's important to be fully aware of this factor before making a purchase.

However, there are many internal facing stacks available as well for owners who would rather avoid the noise.

Conclusion and Call to Action

In conclusion, ELTA Condo presents a unique opportunity in Clementi for both homeowners and investors alike. To learn more about investing in properties like ELTA, speak with me to determine if it's the right fit for your property needs. Your journey to premier real estate investment is just a dialogue away!