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Condo Review: Oasis at Elias

Oasis@Elias received a lot of press last week, so we took a nice idyllic trip to the East to see this project for ourselves.

About Oasis@Elias
This project consists of six 18-storey blocks located along Elias Road in Pasir Ris. The 99-year lease, 388-unit condo is developed by CEL Development Pte Ltd (a wholly owned subsidiary of Chip Eng Seng Corporation), the same people who brought you Bishan Loft and The Parc Condominium.

Scheduled to be completed by end 2012, the condo comes with "full facilities" which includes a tennis court, half a basketball court, a lap pool, and so on. There are 399 parking lots located in the basement and the multi-storey car park.

First Impression
The property agents (CBRE) were dressed bright blue polo T-shirts and khaki shorts, obviously to give a beach-fun-by-the-sea vibe. Honestly, we found it rather refreshing and brave. Nice to see them think out of the box.

One gets the feeling immediately the project is aimed at families and young couples looking for a home. Indeed, a peek at their brochure reveals photos of smiling kids and happy young families.

Looking at the number of units and the pricing, this is a mass market condo aimed at HDB upgraders and young couples with a bit more cash to spend. Oasis@Elias are not releasing all their units and at the time of writing, most of the 2BR units under their "Phase 1" are sold. But Phase 2 units can be released "specially" for you, if you ask nicely and wave a signed cheque around.


Scale model of Oasis@Elias.

Location
Nestled among the HDB blocks at Pasir Ris, getting to the Oasis@Elias is easy via the TPE. A short bus trip (the bus stop is right outside) brings you to Pasir Ris MRT and to the White Sands mall. IKEA Tampines, Giant, Courts Megastore and Tampines Mall are a short drive away too.

Further away to the east are Singapore's fourth University (completed by 2011) and Changi Business Park, those looking for potential rental yields should take note.

It's very close to Pasir Ris Park and the beach. Plus, Elias Mall is right your doorstep. It's a mini-mall with eateries and other small shops, including a bicycle rental. You can rent bicycles and cycle to the park (which is great for kids, just make sure they cross the road carefully).

Obviously it's some distance from the CBD, so be prepared for a longer commute.


Location of the project.


The Straits of Johor from the 18th floor of the HDB block directly behind the project.

Estimate Floor Sizes (sqft)
2BR - 947 to 1206
3BR - 1195 to 1539 (ground floor units have a patio)
4BR - 1410 to 1496
Penthouse - 2217 to 2659 (duplex)

Choice of Units
The project is surrounded by HDBs blocks (most are 18 storeys high and above) except for side facing the Straits of Johor, which is only obstructed by the 3-storey Elias Mall and a 5-storey multi-storey car park.

Looking at the blocks, units 09, 13, 17 and possibly 22 have the best view and are shielded from the morning and evening sun. If you're kiasu about getting the best unblocked sea view, better get units on storeys 10 and above.


Blocks 66, 68, 70 and 72 have the sea view.

Price

Prices will differ depending on the scheme you get - the Interest Absorbtion Scheme (IAS) or normal payment scheme. At the time of writing, the average two bedders are priced in the S$600k to S$700k range. The typical three-bedrooms are going around S$700 to S$800k. Price per square foot would be around S$650 to S$700.

Units and Layout
The bedrooms are standard size for new launches (i.e. always small) and come with the default bay windows you see in most new condos these days. The balcony is big enough to fit a small dining table and comes with a planter box. Homogeneous tiles line the living room floor and the bedrooms have timber flooring. 


Typical 2-bedroom unit floorplan.


Typical Three bedroom floorplan.



Showflat bedroom.

The bathroom fittings in the showroom are of decent quality, the toilet lid is "quiet close" (we always make it a point to lift the toilet lid) and the taps are Hansa - a German brand. The kitchen is rectangular, doesn't feel crammed and comes with cooker hood, hob and oven. The bomb shelter is in the kitchen. Security-wise there is card access at pedestrian gates and audio intercom.

Take a look at more photos below.




The bathroom.


The kitchen.


Elias Mall right at the doorstep.



HDB blocks on the east side of the project.


Construction looks like it's begun.

Final Word
For a mass market condo, Oasis@Elias has some perks. It's close to Pasir Ris Park, has a wonderful sea view, has the conveniences of Elias Mall and key shopping centres like IKEA Tampines and Tampines Mall. And it's priced quite affordably. Indeed, it will be hard to find a mass market condo in District 18 that even comes close.

If you're considering Oasis for rental yield, relying on expatriates from Changi Business Park and students studying in the future fourth university might be a bit risky. Your unit will be competing with other residential units who are closer (Double Bay) or who are cheaper (nearby HDBs).

In all, Oasis@Elias scores well for its affordability, its location and its view. If you like living in the North-East (Tampines, Hougang, Pasir Ris or Simei) and feel it's time for an upgrade, Oasis@Elias is worth thinking about.

We would love to hear your comments or showroom updates here.

(Images: brochure, Google maps)

Posted on 14-07-2009 02:37 | By Francis

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