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

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

23 Feb 2025news
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).

The two-bedrooms were the most popular unit types among buyers, with 98% of the 179 units sold at prices from $1.388 million ($2,261 psf). Some 81% of the 108 three-bedrooms have also been taken up at prices from $2.198 million. The one-bedroom plus study units were also popular, with 78% snapped up from $1.158 million.

Source: By Cecillia Chow / EdgeProp Singapore

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