ELTA
UrbanLens Analysis
ELTA trades at $2,547 PSF, sitting 57% above the District 05 median of $1,618 PSF. At 11 minutes from Clementi MRT (889m), transit access is passable but not a differentiator.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. 372 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC CLEMATIS has gained 5.9% over the same period.
With ~97 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 501 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
| CLAVON | $2,046 | 3.5% | +17.8% |
PSF Trend
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