Elta by MCL Land & CSC Land

Elta by MCL Land & CSC Land Elta is an upcoming condo project located along Clementi Avenue 1, and a 7-minute walk to Clementi MRT.

It is developed by by MCL Land and CSC Land, and offers 501 units across two 39 storey towers.

MCL-CSC Land JV sells 65% of Elta at an average price of $2,537 psfOn Feb 22, MCL Land and CSC Land Group sold 326 out o...
23/02/2025

MCL-CSC Land JV sells 65% of Elta at an average price of $2,537 psf

On Feb 22, MCL Land and CSC Land Group sold 326 out of 501 units at Elta, their joint venture project at Clementi Avenue 1. That translates to about 65% sales at an average price of $2,537 psf. Singaporeans made up 90% of the buyers, while 10% were permanent residents. Among the units sold, the highest number of buyers came from districts 19 (primarily Hougang, Serangoon, Sengkang, Punggol and northeast region), 5 (Buona Vista, Clementi, Dover and Pasir Panjang) and 23 (Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview and Dairy Farm).

Over 60% of the 326 units sold at Elta were one- and two-bedroom types transacted at prices below $2.2 million

Near-zero rental growth expected this year, after condo rents dip 1.7% y-o-y in 2024: SavillsAlthough private housing re...
20/02/2025

Near-zero rental growth expected this year, after condo rents dip 1.7% y-o-y in 2024: Savills

Although private housing rents recorded a modest rebound in 4Q2024, inching up 0.2% q-o-q in the last three months last year, landlords should expect rental growth to be flat this year, according to a market report by Savills Singapore. The relatively poor performance of the non-landed private residential market in the first three quarters of 2024 largely contributed to rents falling by 1.7% over the whole of 2024. This represents the first full-year decline since the leasing market recorded a 0.5% y-o-y drop in 2020.

The average monthly rent of high-end condos increased by 1.7% q-o-q in 4Q2024, according to Savills.

EdgeProp Singapore’s first Property Market Outlook event of 2025 draws strong crowd at EltaThe possibility of new proper...
20/02/2025

EdgeProp Singapore’s first Property Market Outlook event of 2025 draws strong crowd at Elta

The possibility of new property cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as Budget 2025 announcements impacting the real estate market, were among the top discussion points at EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16.

Possible new property cooling measures and incoming housing supply were among the top discussion points.

Strong start to 2025 with developers selling 1,083 new homes in JanuaryDevelopers sold a total of 1,083 new private home...
17/02/2025

Strong start to 2025 with developers selling 1,083 new homes in January

Developers sold a total of 1,083 new private homes excluding executive condominiums (ECs) in January, according to URA data published on Feb 17. This represents a 433.5% rebound from the 203 units sold in December 2024. Including ECs, new home sales surged 196% m-o-m to 1,104 units in January.

January's new home sales rebounded 433.5% m-o-m from the 203 units sold in December 2024.

Singapore revises 2024 GDP growth upwards to 4.4%; 2025 forecast range stays at 1 to 3%SINGAPORE’S economy grew 4.4 per ...
14/02/2025

Singapore revises 2024 GDP growth upwards to 4.4%; 2025 forecast range stays at 1 to 3%

SINGAPORE’S economy grew 4.4 per cent in 2024, revised up from the advance estimate of 4 per cent, data from the Ministry of Trade and Industry (MTI) showed on Friday (Feb 14). This marks an acceleration from the 2023 full-year growth figure of 1.8 per cent. But for 2025, MTI’s growth forecast range remains unchanged at 1 to 3 per cent.

SINGAPORE’S economy grew 4.4 per cent in 2024, revised up from the advance estimate of 4 per cent, data from the Ministry of Trade and Industry (MTI) showed on Friday (Feb 14). Read more at The Business Times.

Household incomes rise in 2024; resident households received more support from govt schemesSINGAPORE - Median household ...
13/02/2025

Household incomes rise in 2024; resident households received more support from govt schemes

SINGAPORE - Median household income from work grew to $11,297 in 2024, while income inequality fell to its lowest level in 25 years after accounting for government assistance and taxes. Figures from the Singapore Department of Statistics (SingStat) also showed that resident households got more money from government schemes, due to support measures rolled out in 2024.

Income inequality fell after government transfers and taxes. Read more at straitstimes.com.

Real estate market facing mixed signals going into 2025, but opportunities remain: CBREAn uncertain macroeconomic outloo...
12/02/2025

Real estate market facing mixed signals going into 2025, but opportunities remain: CBRE

An uncertain macroeconomic outlook could lead to divergent outcomes across the real estate market over the next 12 months, according to CBRE’s Singapore Market Outlook 2025 report released on Jan 23. On the one hand, easing inflation and interest rates are expected to continue providing some relief for the property market going into 2025. However, Moray Armstrong, managing director and advisory services at CBRE, says expectations of slowing economic growth in 2025 could prove detrimental to property demand.

Expectations of slowing economic growth in 2025 could prove detrimental to property demand, despite easing inflation and interest rates.

Fed’s Powell: Strong economy means no hurry to cut ratesTHE US Federal Reserve is in no rush to cut its short-term inter...
12/02/2025

Fed’s Powell: Strong economy means no hurry to cut rates

THE US Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2 per cent target, Fed chair Jerome Powell said in opening remarks prepared for delivery at a Senate Banking Committee hearing.

THE US Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2 per cent target, Fed chair Jerome Powell said in opening remarks prepared for delivery at a Senate Bankin...

Preview of Elta at Clementi Ave 1 draws over 4,500 visitorsAccording to a release from joint developers MCL Land and CSC...
09/02/2025

Preview of Elta at Clementi Ave 1 draws over 4,500 visitors

According to a release from joint developers MCL Land and CSC Land Group, the opening preview of Elta drew about 4,500 visitors over three days, from February 7 to February 9. MCL Land is the Singapore-based development arm of Hongkong Land, while CSC Land Group is a subsidiary of China Construction (South Pacific) Development Co (CCDC).

Elta sits on the third and final residential development plot along Clementi Avenue 1, with units priced from $2,189 psf

Unravelling key predictions for Singapore’s residential market in the Year of SnakeAccording to Chinese astrology, the Y...
07/02/2025

Unravelling key predictions for Singapore’s residential market in the Year of Snake

According to Chinese astrology, the Year of the Wood Snake in 2025 could bring about transformative energy, driving reforms ahead with a mix of tension and global shake-ups. With US President Trump taking office for a second term, we are already seeing glimpses of protectionist policies that could trigger worldwide uncertainty and sweeping changes.

Buyers will need to stay agile and discerning, like the flexible snake, to seize key opportunities in an evolving property landscape

MCL Land and CSC Land Group to preview Elta on Feb 7 with prices from $1.158 milMCL Land and CSC Land Group are set to u...
05/02/2025

MCL Land and CSC Land Group to preview Elta on Feb 7 with prices from $1.158 mil

MCL Land and CSC Land Group are set to unveil Elta, a 501-unit residential development located in Clementi. The property will open for preview from Feb 7, with public sales to launch on Feb 22. The 99-year leasehold development sits on a land site of approximately 144,788 sq ft. Located along Clementi Avenue 1, the condo comprises two 39-storey residential buildings.

The 99-year leasehold development sits on a land site of approximately 144,788 sq ft.

Number of owner-occupied private homes rose more than 3 times that of investment homes from 2020 to 2024: MNDTHE number ...
04/02/2025

Number of owner-occupied private homes rose more than 3 times that of investment homes from 2020 to 2024: MND

THE number of owner-occupied private residential properties rose thrice as quickly as that of investment residential properties between 2020 and 2024, up 27,000 units at 263,000 units. In comparison, non-owner-occupied residential properties increased by 8,000 units, from 166,000 to 174,000 units, over the same period, said Minister for National Development Desmond Lee in a written response to a parliamentary question on Tuesday (Feb 4).

THE number of owner-occupied private residential properties rose thrice as quickly as that of investment residential properties between 2020 and 2024, up 27,000 units at 263,000 units. Read more at The Business Times.

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Clementi Avenue 1
Singapore

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+6598411147

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