OLA Executive Condominium

All amenities home owners are looking for – transport, shopping, parks, schools and hospital

Last Updated: 30th November 2020

Project Details
Project DetailsOLA Executive Condominium
LocationAnchorvale Crescent in Sengkang town
District19
DeveloperEvia Real Estate and Gamuda
Site Area184,461 sq ft / 17,137 sqm
No. of Blocks9 Blocks
No. of Storeys16 Storeys
Site UseResidential Flat Developement
Tenure99-year leasehold
No. of UnitsApprox. 550 units
No. of Car Park LotsBasement Carpark
Expected Date of TOPEst. Dec 2023

OLA EC Price

Evia Real Estate and Gamuda (Singapore) won the bid for the executive condominium (EC) site along Anchorvale Crescent. The new EC sits an area of 184,461 square foot (17,137 square meter) land parcel and has a plot ratio of 3.0. With the top bid of  S$318.9 million, it works out to S$576.2 per square foot per plot ratio (psf ppr). According to the Housing and Development Board (HDB), it can yield a maximum of 550 units.

Based on the estimation, the OLA EC will have a break-even price of S$900-950 psf ppr and an average selling price of S$1,100 psf.

(All prices for OLA EC displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)

2 BEDROOM

$893,000

775 SQF (30 UNITS)

3 BEDROOM

$944,000

926-947 SQF (196 UNITS)

3 BEDROOM DELUXE

$1,170,000

1,001 SQF (15 UNITS)

3 BEDROOM PREMIUM

$1,115,000

1,005 SQF (211 UNITS)

4 BEDROOM

$1,389,000

1,389 SQF (87 UNITS)

5 BEDROOM

$2,008,000

1,722 SQF (9 UNITS)

Check on unit availability on Balance Units page or review the floor plan of unit type.

Buyer's Stamp Duty

Buyer’s Stamp Duty (BSD)

Purchase Price or Market Value of the Property BSD Rates for Residential Properties BSD Rates for Non-Residential Properties
First $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4%
Housing Loan Information

Residential Home Loan Regulations (MAS)

First Loan Second Loan Third Loan
Loan Tenure Up to 30 years 31-35 years Up to 30 years 31-35 years Up to 30 years 31-35 years
Age Age used to calculate loan tenure, will be based on income-weighted
Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75
Maximum LTV Limit 75% 55% 55% 45% 25% 25% 35% 15% 15%
20% (non-individuals)
Minimum Cash Downpayment 5% 10% 10% 25% 25% 25% 25% 25% 25%
Gaurantors / Co-borrowers All Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing Ratio N/A
Total Debt Servicing Ratio 60%
Stress Test Interest Rate 3.5%
Normal Payment Scheme

Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion date 15%

OLA EC Location

The new Executive Condominium (EC) is located at Achorvale Crescent in Sengkang, only 100m away from Cheng Lim LRT station and 1 LRT station away to Sengkang MRT station.

Nearby shopping malls such as Compass Point, Rivervale Mall provides daily conveniences. Future residents of OLA EC can enjoy sports facilities and family activities at the Sengkang Sports and Recreation Centre which is only about 700 meter away.

School wise, Sengkang never lacks of choices. E.g., Nan Chiau Primary School (SAP) is only 600 meter away. Other schools within 1km includes Compassvale Primary, Springdale Primary, Punggol Green Primary, etc.

Walking, jogging, or cycling along Sengkang riverside park, residents are indulged with greenery view and nature’s beauty.

Amenities @OLA EC

What's nearby?
CatergoryAmenitesApprox Distance
MRT StationCheng Lim LRT (SW1)0.10km
Sengkang MRT (NE16)0.65km
Bus StopsBLK 261 (67411) Services: 43, 83, 109, 1190.29km
Sengkang Interchange (67009) Services: 80, 83, 86, 87, 156, 159, 163, 163M, 372, 9650.67km
SchoolsSpringdale Primary School0.38km
Nan Chiau Primary School0.53km
Compassvale Primary School0.65km
Anchor Green Primary School0.90km
Nan Chiau High School0.93km
Shopping MallsCompass Point0.60km
Rivervale Mall1.43km
Rivervale Plaza1.64km
ParksSengkang Riverside Park0.54km
Sports ClubsSengkang Sports and Recreation Centre0.76km
HealthcareSengkang General Hospical0.10km

Increasingly vibrant, the town of Sengkang will see even more amenities and lifestyle destinations in the next few years. Access to recreational and green spaces will be improved, and there are more options to work close to home at Sengkang West.

Want to know how Sengkang Area is planned with the comprehensive range of facilities to meet the needs of current and future residents? Check out the Sengkang URA Master Plan.

OLA EC Site Plan

OLA EC Site Plan

OLA EC Floor Plan

The OLA EC is designed to accommodate all your needs, a love nest for younger families or even multi-generational living. Stay tuned for the floor plans of the units available in OLA EC.

hausonhandycondo-download-pdf

The Full OLA EC Floor Plan will be uploaded once it becomes available.

How to read Floor Plan

Is floor plan easy to understand? Whereas it is exciting to read floor plans, compare them and hopefully make the decision, sometimes it can be confusing due to the many unfamiliar symbols and different types of lines. Armed with some basic knowledge, you will be able to gain more information from floor plans.

Doors

When reading floor plan, it is easier to first visualise yourself at the main door. That helps you better understand how living room, kitchen, bedrooms are connected.
Doors are quarter-circles on the floor plan. The arc of the door symbol indicates if the door swings inwards or outwards.

Windows

Windows are marked with thin hollow lines. There are two types of windows in Singapore – the sliding window and the casement window. The difference is that casement windows usually come in pairs.

Walls

You can quickly notice these bold lines and normal lines by looking at its thickness from the floor plan.

  • Bold lines are structual walls which cannot be hacked.
  • Normal lines are non-structual walls which usually can be safely removed. Non-structural walls seperate one room from another.

 

* For development using prefabricated structure, walls are indicated as normal lines but they cannot be hacked. You need to check the brochure if it is prefabricated units before planning any renovation work.

Facing

It is important to know the facing of doors and windows. The facing of North is usually indicated at the corner of the floor plan and is easier to tell directions from the site plan.

Symbols of door and windows on the floor plan and Their Meanings

OLA-EC-floor-plan-symbols

OLA EC Showflat

Direct-Developer-Sales

Location, Opening Hours

The OLA EC showflat is not open yet.

Kindly register your interest to receive latest update on showflat opening date and project details.

things-to-check

Things to Take Note Before Visiting OLA EC Showflat

  • It is advisable to check Eligibility Conditions for OLA EC purchase.
  • How are you affected by the MSR(Mortgage Servicing Ratio)? You will need to know the bracket you are in. Find out more using the MSR calculator.
  • On the actual launch date, you will need to understand how the Balloting System works.

 

Alternatively, you may simply book an appointment by filling up the form below and let us contact you. Our experienced sales team is able to assist you throughout the process.

Register Interest

Register Interest to view OLA EC & Get VVIP Discount, or Submit E-Application directly.

RegisterInterest

Basic EC Eligibility Checklist

SC + SC/SPR
 Family Nucleus
 Household Income below $16,000
 Bought only one subsidised HDB flat or never
 5-year MOP met (for subsidized flat only)
 Non-Ownership of Private Property (Local/Overseas)

Step 1 of 2

50%
  • Select your most preferred bedroom size. You can always change your preference later.
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