MCL Land and CSC Land to Preview Elta on Feb 7: The Final Clementi Avenue 1 Launch
The highly anticipated launch of Elta by MCL Land and CSC Land Group is set to kick off with a preview on February 7, ahead of its official sales launch on February 22. As the final private condominium to be built along Clementi Avenue 1, this 501-unit project marks the culmination of a decade-long transformation of the area into a sought-after residential enclave.
Strategic Location and Unit Mix
Elta consists of two 39-storey towers featuring a range of unit sizes, from one-bedroom-plus-study apartments at 506 sq ft to five-bedroom units spanning 1,776 sq ft. The development also includes 36 four-bedroom dual-key units, catering to multi-generational families and investors alike.
Prices start at $1.158 million ($2,288 psf) for one-bedroom-plus-study units, with two-bedders priced from $1.388 million ($2,261 psf) and three-bedroom apartments from $2.198 million ($2,374 psf). Larger four- and five-bedroom units begin at $2.798 million ($2,363 psf) and $3.888 million ($2,189 psf), respectively.
A Proven Track Record in Clementi
Elta is being developed on a government land sale (GLS) site that MCL Land and CSC Land acquired for $633.45 million ($1,250 psf ppr) in November 2023. It follows the successful launches of The Clement Canopy and Clavon, which saw strong demand from buyers.
The Clement Canopy, launched in 2017, was fully sold by 2019 at an average of $1,323 psf, with resale prices now reaching $1,917 psf—a 44.9% increase. Clavon, launched in 2020, was also fully sold by 2022 and has since appreciated 25.6% from its launch price, with recent transactions averaging $2,060 psf.
Strong Demand in a Mature Estate
Clementi’s appeal lies in its established infrastructure, proximity to reputable schools like Nan Hua Primary and ACS (Independent), and easy connectivity to business hubs such as Jurong Lake District and one-north. Furthermore, nearly 1,800 HDB flats in the area have reached their Minimum Occupation Period (MOP) since 2021, providing a steady pool of potential upgraders.
Developers are also banking on the demand for smaller, well-designed units, with two- and three-bedroom apartments comprising 57% of Elta’s unit mix. These units fall within the sweet spot of $1.5 million to $2.5 million—a price range that has proven to be attractive to buyers.
Market Outlook and Competitive Landscape
With over 12,000 private residential units expected to launch in 2025, including executive condominiums, buyers will have an abundance of choices. Other upcoming projects include Lentor Central Residences, Aurelle at Tampines, and the 1,193-unit ParkTown Residence.
Despite global economic uncertainties and persistent high interest rates, developers are adjusting unit sizes and layouts to maintain affordability. The efficient dumbbell layouts of Elta’s two-bedroom units, as well as natural ventilation in larger apartments, highlight this shift towards maximising space efficiency.
✅ Key Takeaways
✅ Final Clementi Avenue 1 Condo: Elta is the last private residential GLS site in the area, following successful launches of Clement Canopy and Clavon.
✅ Prime Location & Connectivity: Close to top schools, business hubs, and green spaces, ensuring sustained demand.
✅ Strong Price Appreciation in the Area: Past projects have seen significant resale gains, reinforcing Clementi’s desirability.
✅ Diverse Unit Mix: Catering to a broad spectrum of buyers, from investors to multi-generational families.
✅ Upcoming Launches to Watch: A competitive market in 2025, with over 12,000 new units entering the pipeline.
With the official launch just around the corner, now is the time to explore your options at Elta. If you’d like to stay updated on pricing, availability, and launch promotions, feel free to reach out!