Overview & Key Facts
ELIAS TERRACE is a 999 yrs lease commencing from 1881 condominium at ELIAS TERRACE in District 18 (OCR), developed by ELIAS DEVELOPMENT PTE LTD (FIRST CAPITAL CORPORATION), comprising 78 units, completed in 1994.
Location & Connectivity
ELIAS TERRACE is approximately 810m from Pasir Ris MRT station.
| Station | Line | Distance |
|---|---|---|
| Pasir Ris | East-West Line | 810m |
Schools & Education
14 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| White Sands Primary School | Primary | 710m |
| Pasir Ris Secondary School | Secondary | 890m |
| Pasir Ris Primary School | Primary | 990m |
| Brighton College (Singapore) | International | 1.1 km |
| Elias Park Primary School | Primary | 1.2 km |
| Pasir Ris Crest Secondary School | Secondary | 1.2 km |
| Stamford American International School | International | 1.3 km |
| Meridian Secondary School | Secondary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 4 | $1,757 psf | $2,836,250 |
| 5+ BR | 3 | $1,151 psf | $3,706,667 |
Market Position
ELIAS TERRACE has recorded 7 sales at an average price of $3,209,286.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 4 | $1,322 psf | — |
| 2024 | 2 | $1,528 psf | ↑ 15.6% |
| 2025 | 1 | $2,137 psf | ↑ 39.9% |
Loading chart data...
ELIAS TERRACE prices sit at a fresh series high after a 39.9% gain on the prior period, now 61.7% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 18 reads 132.1 as of June 2026 — down 4.1% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
Loading chart data...
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| TREASURE AT TAMPINES | 99-year leasehold | $1,592 psf | 1198 |
| PARKTOWN RESIDENCE | 99 yrs lease commencing from 2023 | $2,367 psf | 1165 |
| AURELLE OF TAMPINES | 99 yrs lease commencing from 2024 | $1,769 psf | 758 |
| TENET | 99 yrs lease commencing from 2021 | $1,386 psf | 618 |
| RIVELLE TAMPINES | 99 years leasehold | $1,933 psf | 558 |
Lease Analysis
With 67 years remaining on its 99-year lease, ELIAS TERRACE still qualifies for full bank financing and CPF usage.
What Could Work Against You
- Only 1 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 78 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1994, the development is over 32 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
The profile fits multi-generational families and freehold / generational hold best. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
For long-term hold (10+ yr), it can work — but weigh the trade-offs before committing.
Verdict
ELIAS TERRACE is a 999 yrs lease commencing from 1881 development in District 18 (OCR), with 78 units, offering a gross yield of 2.2%.
At ~$2,137 psf, it represents a competitive entry point in the OCR segment.
Explore the full ELIAS TERRACE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ELIAS TERRACE against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for ELIAS TERRACE?
Is ELIAS TERRACE freehold?
What is the rental yield for ELIAS TERRACE?
Which MRT is nearest to ELIAS TERRACE?
Sources & Next Steps
- ELIAS TERRACE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 18 (Tampines, Pasir Ris) — District 18 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 7 transactions
- Rental data: 15 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2025 · 7 records analysed · Source: URA private-sale caveats