Elta Clementi Condo The First GLS Site Sold Since 2019 with Two Fully Sold Surrounding Developments

The URA Master Plan is a comprehensive framework that looks ahead to the next 10-15 years to guide Singapore’s development. With a focus on creating a sustainable, vibrant, and livable city, this plan optimizes land use, improves connectivity and enhances the quality of life for residents. Elta Condo at Clementi Avenue 1 stands to reap numerous benefits from this plan laid out by the Urban Redevelopment Authority. As Elta Clementi Condo, this article delves into how the Master Plan will positively impact the condo and its residents, making it an even more desirable and valuable place to live.

For those who prefer to drive, the development is also well connected to major expressways such as the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). This makes it easy to travel to other parts of the island, including the Central Business District (CBD) and Jurong Lake District.

The first Government Land Sales (GLS) site to be sold along Clementi Avenue 1 since 2019 is Elta Condo. It is strategically located between two existing condominiums, one of which was fully sold out in 2020 after its launch in 2019 and is slated to obtain its Temporary Occupation Permit (TOP) status in 2026. Just like its adjacent counterpart, the other condominium also achieved full sales shortly after its release.
The strategy further emphasizes the enhancement of one-north and Buona Vista as pivotal centers for business and innovation. These districts, renowned for their abundance of technology, biomedical, and media enterprises, will undergo continuous expansion, drawing in a larger pool of enterprises and skilled personnel. Elta Condo’s residents will reap the advantages of this surge in employment prospects and economic progress created by these advancements.

One of the biggest selling points of Elta Clementi Condo is its location. The development is situated at the junction of Clementi Avenue 1 and Clementi Avenue 10, providing easy access to various amenities. A short walk from the development will take residents to Clementi MRT station and bus interchange, allowing for seamless connectivity to the rest of Singapore.

In conclusion, Elta Clementi Condo is set to be an exciting addition to the already thriving Clementi town. With its excellent location, range of amenities and facilities, and well-designed units, it is no surprise that this development is highly anticipated by both investors and homebuyers.

The high demand for homes in Clementi is not surprising. The mature town is known for its established amenities, excellent connectivity, and reputable educational institutions. With the upcoming development of Elta Clementi Condo, residents can expect to enjoy a well-rounded and convenient lifestyle.

Apart from its excellent location, Elta Clementi Condo also offers a wide range of facilities for its residents. The development is set to have a range of communal facilities such as a 50-metre lap pool, a BBQ pavilion, a gym, and various themed gardens. These facilities provide residents with opportunities to relax, unwind and bond with family and friends without having to leave the comfort of their home.

For families with young children, Elta Clementi Condo is located within close proximity to reputable schools such as Nan Hua Primary School, Nan Hua High School, and NUS High School of Mathematics and Science. The development is also close to educational institutions such as Singapore Polytechnic, Ngee Ann Polytechnic and National University of Singapore, making it an ideal choice for families with older children.

This is not the first time that EL Development has acquired a site in Clementi. The company has previously launched and sold out two other developments in the same area – the 752-unit Parc Clematis and the 505-unit Le Quest. Both developments have been well received by buyers, with Parc Clematis fully sold and Le Quest 96% sold as of March 2021.

Elta Clementi Condo has made headlines as the first Government Land Sales (GLS) site to be sold since 2019. Located in the serene and established Clementi town, this new development is set to offer residents a luxurious and convenient lifestyle.

Elta Clementi Condo is also surrounded by a variety of amenities that will cater to the needs of its residents. Just across the road, there is a market and food centre, providing residents with a variety of dining options. A short drive away is Clementi Mall and West Coast Plaza, where residents can find a wide range of retail and F&B outlets.

The 99-year leasehold site was put up for sale by the Urban Redevelopment Authority (URA) in February 2021 under the Confirmed List. The tender closed after just one bidder, EL Development, submitted a bid of $411.9 million. This translates to a land rate of $1,173 per square foot per plot ratio (psf ppr).

With the abundance of public transport options, residents of Elta Clementi Condo will have the freedom to travel and explore Singapore at their convenience.

In addition to its amenities and facilities, Elta Clementi Condo also boasts beautiful and thoughtfully designed units. The development is set to offer a mix of 1 to 5-bedroom units, catered to different family sizes and needs. With its modern and stylish design, residents can enjoy a comfortable and luxurious living experience.

The success of EL Development’s previous developments in Clementi is a testament to the strong demand for homes in this mature town. As Elta Clementi Condo is set to be the first GLS site sold since 2019, it will be interesting to see how it will perform in the property market. With the strong track record of EL Development and the attractive features of this development, it is likely to be a hit among buyers.