- Property type: Executive Condominium
- Property Location: D19 Hougang / Punggol / Sengkang
- Offer type: For Sale
- City: Singapore
- Neighborhood: Sengkang
- T.O.P: 14-Dec-2023
- Lot size: 184,462 ft²
- Tenure: 99 years Years
- No. Of Units: 548 residential units
- Developer: Evia Real Estate & Gamuda Land
- PSF ($): $1080 psf
OLA EC - Reviews
OLA EC | SENGKANG | LEASEHOLD | D19 | by EVIA & GAMUDA
The Ola EC is the new executive condominium development located in the heart of Sengkang, found in Singapore’s District 19. Located in the rejuvenated North-East of Singapore, the Ola EC puts its residents in the heart of luxurious waterfront living, stunning green spaces and a vibrant commercial centre.
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Last Updated: 28th January 2023
Developer pair Evia Real Estate and Gamuda secured the site with a $318.89 million bid, beating out seven other developers for the highly sought after land. They plan on developing the Ola Executive Condos into 548 premium units along Anchorvale Crescent.
The Ola EC development is in a well-connected region of Singapore, close to the Cheng Lim and Sengkang MRT Stations. Also, the Sengkang LRT connects the entire region with the suburbs of Punggol, making travelling for both work and pleasure remarkably easy.
With parks, the waterfront and countless shopping options nearby, it is no surprise that the Ola Executive Condos are considered a top by in Singapore real estate. As an executive condominium project in Singapore, those who are able to meet the purchasing criteria to buy a unit will find that they receive unmatched value.
WHY THE OLA EC ?
Luxury Living in a Thriving Community
The best part about the location of the Ola EC is that the entire Sengkang region has recently been transformed from an industrial hub into an exciting neighbourhood! A quick walk down the street from the Ola Executive Condo development offers incredible shops, boutiques, restaurants and bars, frequented by a vibrant community.
Furthermore, the strategic location of the Ola EC means that residents are just a short way from many of Singapore’s best shopping centres and amenities. Compass One, Rivervale Mall, Seletar Mall and others all provide a fantastic shopping and entertainment experience, without having to go too far.
As District 19 continues its revitalization into one of the hottest areas in Singapore, the buying a unit in the Ola EC becomes an attractive investment. More high-end amenities and facilities will continue to flow into the area in the years to come.
The Ola Executive Condos are Connected
A major advantage of the Ola development is that it provides a sense of relaxation and peacefulness with its amazing setting, while still keeping residents connected to everything that they need.
The Ola will be extremely close to the Cheng Lim MRT Station, as well as the Sengkang MRT Station, allowing residents to make use of Singapore’s efficient transportation system.
An alternative to the MRT, the region also boasts the Sengkang Bus Interchange and Sengkang LRT, making trips to anywhere in the Punggol region and beyond extremely convenient for travelers.
For drivers, the Tampines Expressway, Central Expressway and Kallang Paya Lebar Expressway all quickly accessible, meaning that driving throughout Singapore and into the Central Business District will be an enjoyable commute.
The Ola Executive Condo is Ideal for Family Living
The Ola EC is the perfect place for residents with children, providing the perfect blend of entertainment, education and recreation just outside their door.
Schools Near the Ola EC
There are a number of top educational institutions close to the Ola EC development that are suitable for students of all ages.
The list of schools close to the Ola Executive Condo are:
Initium Academy Pre-School
Anchor Green Primary School
Palm View Primary School
Mee Toh School
Nan Chiau Primary School
Sengkang Secondary School
Compassvale Secondary School
Pei Hwa Secondary School
Parents with younger children have many options for both primary and secondary education in the area. The development is designed to make transport to-and-from all of the nearby schools very easy, so that parents save time each day. This added convenience makes the Ola EC an attractive development for young families.
The Sengkang Hospital
Families with young children or elderly relatives will be happy to know that the Sengkang Hospital is across from the Ola EC site. This means that you will always be close to world class healthcare, while also presenting a strong investment opportunity as healthcare workers will always be looking to live in the region.
The Ola Executive Condo is Surrounded by Greenery
What truly sets Sengkang apart from other areas in Singapore is the wide range of amazing parks and natural spaces that promote a healthy lifestyle. Whether after a busy day of work or on the weekend with your family, The Ola EC is right beside incredible natural escapes.
Sengkang Floating Wetland
Found in the Punggol reservoir, the wetland puts you in front of endless fish, birds and other wildlife, providing a truly unique outdoor experience. With its long walking path, you can spend hours exploring the space, the wetlands and the creatures that make it home.
Sengkang Sculpture Park
If you love both outdoors and the arts, then this park is ideal! Located just a short walk away from the Ola EC, the Sculpture Park includes a vast array of interesting works for people of all ages to enjoy. Even better, the park features a playground, outdoor fitness centre and running path.
Sengkang Riverside Park
Residents of the Ola EC can take a walk along the river for spectacular views, an open picnic area and lots of outdoor space. For those who enjoy botanicals, the park features a variety of trees, plants and fruits.
The Ola EC Floor Plans
The Ola Executive Condo’s floor plans include a variety of units, making it a great choice for everybody from young professionals to large families.
The Ola EC Unit Styles are:
2-Bedroom 775 square feet 30 Units
3-Bedroom 926 / 947 square feet 196 Units
3-Bedroom + 1 Deluxe 1,001 square feet 15 Units
3-Bedroom + 1 Premium 1,055 square feet 211 Units
4-Bedroom 1,389 square feet 87 Units
5-Bedroom Penthouse 1,722 square feet 9 Units
The Ola EC Prices
The development team of Evia and Gamuda have not yet released the prices of the Ola Executive Condo units.
However, our specialists can offer you valuable insights on the potential pricing, as well as advice for purchasing a unit in the Ola EC.
The Ola is an Executive Condominium
The Ola differs from traditional developments as it is an executive condominium in Singapore.
Executive Condominiums in Singapore are in High Demand
An executive condominium in Singapore is a hybrid housing project that is a combination between private and public. This means that the residential development is subsidized in part by the Singapore government, meaning that buyers can expect between a 20% to 30% reduction in price compared to that of surrounding developments.
The fact that the prices are significantly discounted, as well as the fact that the public nature of the building means that the government contributes to general upkeep and amenities in the future, makes executive condos in Singapore extremely rare.
The Ola EC Prices Offer Great Value
One major benefit for any Singaporeans who own an executive condominium such as the Ola is that they will benefit from the lowered prices upon purchase. Since the housing is subsidized by the government, the prices can expect to be just ¾ of other privately-sold condos in the emerging Sengkang area.
For those looking to make a profitable real estate investment for the future while enjoying all the high class amenities and exceptional facilities that the Ola will offer, there has never been a better buying opportunity.
The Ola EC Developers
The developmental partners of the Ola EC are Evia Real Estate and Gamuda, who have come together to bring luxury executive condo living to Singapore’s District 19.
About Evia Real Estate
Established in 2010, Evia has been involved in investing in numerous real estate projects across Asia. With a portfolio reaching over $2 billion, Evia has gained a reputation for creating real estate developments that cater to the changing needs of clientele.
Their involvement in the Ola Executive Condo ensures buyers that their new home will be managed by a world class, trustworthy real estate management firm that has a ‘customer-first’ attitude.
About Gamuda Land
Gamuda Land is the property development branch of Gamuda Berhad, one of the leaders in construction, engineering and infrastructure in Asia. Since 1995, the group have delivered innovative, premium real estate developments across the continent.
A multi-award winning for building excellence, Gamuda now brings that focus on impeccable design to the Ola Executive Condos.
Get More Information About the Ola EC Now
If you are ready to experience executive condo living in Singapore and take advantage of everything that the Ola Executive Condo will offer, then we are ready to assist you.
As the Ola EC is an executive condo, there will be an exceedingly high demand the moment that the residential units become available. That is why we encourage anybody interested in learning more about the Ola prices, Ola floor plans and Ola investment opportunities to contact us right away.
OLA EC - Video
OLA EC - Price
- ID: 6935
- Published: February 5, 2020
- Last Update: May 18, 2021
- Views: 5226