The Singaporean real estate market has endured some turbulent times in recent months. The 2013 property slump coupled government cooling measures has slowed down the growth of the sector.
However, in recent years, the market has slowly started to pick-up pace owing to increased demand by the locals for safer and affordable housing. Developers are also offering incentives and discounts to beat-off competition from other developers.
Ola EC is an upcoming new launch situated at Anchorvale Crescent Sengkang District 19, found in the North-Eastern area of Singapore.The Ola EC condo development’s location is the highly-sought region known for its private residential developments.
The new home will have approximately 548 exclusive residential units with a total site area of 184,465 sq. ft that will cater to singles, couples, and multi-generational families.
The property is a joint-venture partnership with Evia Real Estate and Gamuda Land, well-known and established Real estate developers
So, what are the main advantages or drawbacks of the Ola executive condo? For this s property review, we’re going to look at all viewpoints of the apartment and determine its likelihood of appealing to the broader Singaporean Market.
Ola EC Fact sheet
| Project Name | OLA EC condo |
| Developer | Evia Real Estate and Gamuda Land |
| Address | Anchorvale Pte. Ltd. (Evia & Gamuda) 7000 Ang Mo Kio Ave 5 #04-01Singapore 569877 |
| District | 19 |
| Site Area | 184,465 sq. ft |
| Gross Floor Area | 553,397 sq. ft |
| Plot Ratio | 3 |
| Tenure | 99-year leasehold condominium |
| Estimated TOP Date | TBC |
| Architect | TBA |
Ola EC Location
The Ola EC condo will be more appealing for those future residents looking for luxurious living and one with nature. Residents will love the love greenery surroundings and parks that will provide a retreat away from the ‘madness’ of the city.
The Punggol point park is the perfect place for residents to escape to nature, without having to travel more than ten minutes from their homes.
There are also plenty of green spaces and recreational centers within the Ola EC, like the Sengkang Riverside Park, which makes the surrounding neighborhood peaceful, combining both the convenience of nearby amenities and tranquility of the region, creating the ultimate urban living residential home.
For residents without cars, the new home is close to a bust stop just after Anchorvale street, which plies different routes within the CBD and city center, making movement across the city faster and smoother.
The Condo Singapore is situated in a prime parcel of land located along Anchorvale Crescent in Sengkang. According to URA, this is amongst one of the most prime and highly-sought areas due to its excellent connectivity.
Fitness and working professionals will love this; the apartment is just an 8-minute walk according to Google Maps. Residents can now easily beat the morning and evening rush-hour.
The downtown financial center at Raffle Place is a 16-26 minutes’ drive; this is very significant as residents will be able to get to work on time. For those scouting for a new job, Raffle Place is the perfect place to get your dream job.
On weekends you can visit museums and Victoria theatres to learn about the rich history of Raffle Place.
The fantastic location of the Ola EC means that residents are a stone throw away from some of Singapore’s top shopping centers.
For residents with cars, the renowned Orchard Shopping belt is a 16-30 minutes’ drive from the Singapore condo, which has a variety of great shopping outlets.
One of the key selling points of the Ola EC is it enhance connectivity. It will take you approximately 8-10 minutes to travel from the new launch home to KPE and CTE.
The OLA EC is also a 12-minutes’ drive to TPE and SLE, respectively, drastically reducing travel times for easy commutes.
The Ola EC is also an 11-minute walk to Sengkang MRT station, offering quick access to different parts of the city, saving you some much-needed time.
The prime location of the Ola EC means that residents will not have to travel far to access shopping, dining, and entertainment establishments. What’s even more impressive is the fact that these amenities can be accessed by Sengkang MRT station.
Ola EC Developer
The Ola EC is a joint-venture development by both Evia Real Estate and Gamuda Land; both developers bring their expertise and technical knowledge to the table in the creation of this spectacular development.
The Evia Real Estate is a home-grown Singaporean real estate company that has developed several real estate projects since 2010. The holding company mainly engages in developing residential, commercial, and industrial projects as well as logistics. Evia real estate has an asset base of over SGD$ 2 billion.
Gamuda Land is a subsidiary of Gamuda Berhad, which is the property development arm of Gamuda Land, which has been in operation for over two decades.
It’s one of the leading engineering and construction firms in Malaysia, as well as South East Asia. It’s known for its impressive track records providing real estate solutions ranging from public infrastructure to townships projects.
Ola EC Floor Plan
Ola EC Amenities
Ola EC near Cheng Lim MRT station boosting access to and from the condo.
Ola EC near Cold Storage Compass Point, the go-to grocery store and shopping center nearby.
Ola EC near Compass One, an established shopping mall in Sengkang
Ola EC near Heartland Mall, providing you with ample needs when it comes to shopping, fashion and dining.
Ola EC near Hougang Mall
Ola EC near NTUC Fairprice (Punggol Drive)
Ola EC near Rivervale mall
Ola EC near Sengkang Hosp, providing world-class health and emergency care
Ola EC near Sengkang MRT station
Ola EC near Sengkang Riverside Park
Ola EC near Sheng Siong Hypermarket (Punggol Central)
Ola EC near The Seletar Mall
Ola EC Investment Opportunities
The Sengkang Draft Master Plan announced exciting plans of transportation to the Ola EC location at Sengkang with more amenities and lifestyle destinations in future. Improvement of public transport system is going to increase condo prices within the immediate vicinity such as The Ola EC.
The Ola condo will be surrounded by greater green spaces as well as recreational facilities turning it into a stunning residential condo in Singapore making it a profitable investment venture for both tenants and investors.
New commercial nodes, business and industrial parks in Sengkang will create more job opportunities for the locals, thus more people will be looking to reside at The Ola EC increasing occupancy rates as well as rental rates.
The Sengkang transformation will bring new routes heading to town, increased green spaces and new integrated development in Sengkang. Its expected that nearby condo’s will experience rise in value as well as high capital growth as a result of these developments.
School Near Ola EC
The schools available are for every age ranging from preschools to secondary school. You will hardly need to move to other areas to meet education needs of your children.
Parents will enjoy the fact that their kids will be schooling nearby saving on time and transport cost. Some of the popular schools within the condo’s vicinity include:
Ola EC Facilities
The new home will have amazing condo facilities providing you a chance to relax and unwind after a hard day’s work while you socialize with your friends.
The Ola EC main living area
The Ola EC bedroom
The Ola EC pool area
Ola EC Pricing
| Type | Size (sqft) | Net Price | PSF |
| 2 Bedroom | 775 | $878,000 | $1,133 |
| 3 Bedroom | 926 | $944,000 | $1,019 |
| 4 Bedroom | 1389 | $1,370,000 | $986 |
| 5 Bedroom | 1722 | $2,008,000 | $1,166 |
Ola EC Review
If you an looking for a modern condo that oozes class and elegance, The Ola EC should be at the top of your list. Here are a few reasons why you should secure your unit early.
- Executive Condominium launch in 2020
- Developed by renowned developer – Evia Real Estate Pte Ltd & Gamuda
- Quality built with top notch designer, facilities and units’ spaces
- Quick access to Tampines Expressway (TPE)
- Nearby top educational institutions