Elias Green eyes third collective sale attempt, with a lower price of $883 mil
Elias Green was last launched for collective sale for $928 million in March 2025 (Picture: Samuel Isaac Chua/EdgeProp Singapore)
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Owners of Elias Green, a 99-year leasehold condo in Pasir Ris, are mounting a fresh collective sale attempt, priced at $883 million. According to ERA Realty Network, the collective sale committee’s (CSC) appointed adviser, the CSC is currently in the midst of obtaining the 80% owner consent threshold required to proceed with the process.
In a March 16 press release, ERA says the new attempt follows “significant planning gains” made since Elias Green’s previous en bloc bid, along with “continued strong support from unit owners”.
This will be the third time that owners at Elias Green try for a collective sale. Prior to this, the condo was launched for sale in March 2025 at $928 million, reflecting a land rate of $1,355 psf per plot ratio (ppr). At the time, owners were in the process of applying to URA to increase the site’s gross plot ratio from 1.4 to 1.8.
ERA says the plot ratio increase has since been approved and gazetted under the URA Master Plan 2025. “The enhanced plot ratio, strategic location and growing demand for residential land in the Pasir Ris–Tampines area collectively strengthen the site’s appeal to developers,” comments ERA’s division director Sunny Wong.
Elias Green was completed in 1994 and occupies a land area of about 516,871 sq ft that is zoned for residential use. Consisting of several blocks, it has 419 apartments with sizes ranging from 1,367 to 1,636 sq ft. The site has about 65 years remaining on its 99-year lease. It is located opposite the upcoming Tampines North MRT Station on the Cross Island Line.
Owners at Elias Green had made their first en bloc attempt in 2018, when the condo was launched for sale at $780 million.
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