OLA Executive Condo
the ONLY EC Launch in Sengkang in Years to Come!
Along Anchorvale Crescent & Anchorvale Street. Within 100m to Cheng Lim LRT Station
SHOWFLAT TEL : 6100 3114
Showflat Location will be revealed soon
Showflat will be ready by Q1 of 2020
OLA EC Project Updates
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ShowFlat of OLA Executive Condo will be ready by Q1 2020.
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Check out the pricing of OLA Executive Condo.
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Read more about OLA EC Project Details.
Ola Executive Condo
Address of Development
Evia Real Estate & Gamuda Land
99 year Leasehold
17,137 sqm / 184,462 sqft
Gross Floor Plan
No of Blocks
No of Storeys
No of Units
Expected Date of TOP
14 Dec 2023
AGA Architects Pte Ltd
M/s Creative Mind Design
M/s Edmund Ng Architect
Wee Poh Construction Co. (Pte) Ltd
Mechanical & Electrical Engineer
Project Account No
Rajah & Tann Singapore LLP
Normal Progressive / Deferred Payment
( Project details for OLA EC may be subjected to change without prior notice)
OLA EC, (an Anchorvale Sengkang EC) is an executive condominium located along Anchorvale crescent, launching in Q1 2020. Situated near Cheng Lim LRT and 1 LRT station away from Sengkang MRT. Developed by Evia Real Estate and Gamuda (S) Pte Ltd. This Exec condo will comprised of approximately 550 units from 2 bedrooms to 5 bedrooms.
A home should be a happy place where we can find love, give love and be loved. A happy place to dwell in for us and our family. A place where we can enjoy with our family both inside and outside the house. Play in the pool with your spouse and children or simply relax by yourself in the spa pool, or sweat it out to a healthy body at your condo gym, all at the convenience at your EC. Enjoy full condo facilities at Executive condo price.
So what’s the difference between an EC and a private condo?
Physically they are the same, including the 24hr Security, Cleaners cleaning the common areas daily, and gardeners taking care of the landscaping. Swimming pool, spa pool, gym etc
One difference is that an Executive condo is typically 20-30% cheaper than a private condo in the same area. What is best is that this price gap usually narrow in the 5 & 10year mark which means residents who bought an EC during launch time typically have their unit appreciate in price in the 5 to 10 year mark.
So what’s the catch?
As EC is highly subsidised so the catch is that EC owners cannot sell their EC before reaching the 5 year Minimum Occupation Period. Once this 5 year has been reached, EC owner can sell their EC to Singapore Citizens of Permanent Residents (Semi-Privatised), and at the 10 year mark, EC owners can sell their EC to anyone including foreigners as it will be (fully privatised)
OLA EC Location Map
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OLA EC Location
Ola EC is located at Anchorvale Crescent in Sengkang with a number of SOLD OUT ECs surrounding it. The other ECs around Ola EC are Treasure Crest, Bellewaters and The Vales.
Located in a beautiful surrounding of nature, close to Punggol reservoir at Anchorvale Crescent, Ola EC is an executive condominium where people who love nature would certainly like to call it home as it is situated in a picturesque of greens & water.
OLA EC Video
If you like to relax in the comfort of your home and enjoys serenity, then this location may be a place where you can enjoy with your family. There will be approx. 550 units consisting of 2 to 5 bedroom unit types. Residents can enjoy exclusivity as every floor has only 4 units which means that most of your neighbours units will not be too close to yours.
Ola executive condo is designed in such a way that most of the units are pool facing so that you and your family can wake up to a beautiful morning view of the pool.
Being in Singapore where everything is going smart, Ola Ec will allow residents to easily integrate smart home technology to manage their home with just an app from your smart phone or tablet, imagine turning on your aircon 10min before you reach home to a cooling home, or turn on your washing machine on your way home from work and by the time you reach home, your clothes are already washed, so all you have to do is to hang them up.
Booking of facilities such as the BBQ pit or function room can be easily done on your phone, how convenient is that. Life made so much easier for you and your family.
The location of Ola Executive Condominium is next to Cheng Lim LRT station and from there it is only 1 LRT stop away from Sengkang MRT. The advantage of an EC is that it is usually priced 20-30% lesser than a regular new launch condo within the same area and the selling price will usually get close to the regular condo after 5 years.
And on top of that, Ola EC is within 1 km to good school such as Nan Chiau Primary school so it will be an added plus point to Ola EC if you’ve children wanting to get into good school. So does it only benefit people with children to stay at Ola EC?
The benefit also extends to people without children because when you intend to sell, the next buyer will also look for price, convenience and near good school and these benefits will certainly make it easier to sell so Ola EC is good for own stay and for investment after 5 years MOP (minimum occupation period).
There is also good potential rental opportunities as Ola EC is close to Seletar Aerospace Park, and Sengkang General Hospital & Sengkang Community Hospital are just 2-3 min walk away.
Travelling to other parts of Singapore is easy for example going to shop, work or school is easy at Ola EC as LRT station is just beside, and Sengkang MRT is just 1 LRT station away and Sengkang Bus Interchange and MRT connects this area to other part of Singapore seamlessly.
There are also bus services connecting the neighbourhood for daily convenience.
Travelling by car is easy too as there are 3 expressway nearby namely TPE, CTE, KPE which means that travelling by car to shop at Orchard or work at Raffles Place become easier.
Close to schools
For residents who have young children or are planning to have children, staying near schools is a factor to consider while choosing a home to stay. Ola EC is situated in an area where many considered as a town for young families because a big part of the population in Sengkang aare made up of young families which also means that there are many amenities and schools in the neighbourhood. There are preschools to secondary schools that are few minutes walk from OLA ec so parents can easily drop their kids at school before going to work or going home to do housework or rest. Being nearer to their schools, older children can go to schools by themselves without parents having to worry for the safety or coming home late.
Some of the schools near OLA EC are:
- Nan Chiu Primary School
- Compassvale Primary School
- Anchor Green Primary School
- Compassvale Secondary School
- Seng Kang Secondary School
- Mee Toh School
- MOE Kindergarten
Recent Executive Condos' Land Price
Land Parcel Location
Tender Close Date
Type of Development
Site Area (sqm)/ Max *GFA (sqm)
Highest Bid ($)
14 Sep 2018
17,137.3 / 51411.9
Evia Real Estate (8) Pte Ltd & Gamuda (Singapore) Pte Ltd
27 Sep 2018
27 Feb 2018
27,056.4 / 81169.2
CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd.
7 Mar 2018
16 May 2019
16,690 / 38387
MCC Land (Singapore) Pte Ltd
11 Oct 2019
Tampines Avenue 10
31 Oct 2018
24,933.7 / 69815
Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd
22 Jan 2019
The above picture from URA shows the land bid from the Government Land Sale (GLS) that was successful.
The successful land bid was won by Evia Real Estate Pte Ltd & Gamuda (S) Pte Ltd at near to $319,000,000. Breaking this down, the cost per square foot for this plot of land is approximately $526.70 psf/plot ratio. Breakeven cost for the developers would be around S$1,080 psf which means the price for Ola EC is likely to be above $1,100 psf.
OLA EC Showflat
Amenities Nearby OLA EC
Compass One Mall (1 LRT Station away)
Grocery Shopping, Restaurants, Entertainment is all at Compass One Mall which is 1 LRT station away from OLA EC, stores like Popular Bookstores, COLD STORAGE, Starbucks and Nakhon Thai Kitchen just to name a few of the shops, supermarket and makan places you can find here. There is also Sengkang Public Library at level 4 of the mall. With over 180 brands with a wide variety of goods and services, there is something for everyone. Nicely located in the town centre of Sengkang, with MRT & Bus Interchange, this will be the convenience for residents of OLA EC.
Rivervale Mall (3 LRT Stations away)
Rivervale Mall is a suburban mall located near to Rumbia LRT and it features outlets that include groceries, retail, healthcare, fashion and dining giving residents of OLA executive condominium yet another place to shop without traveling far from home. Some stores include NTUC FAIRPRICE, Breadtalk, Money changer and clinic. There is also Anytime Fitness and enrichment centres such as I Can Read, Global art and Kumon Learning Centre just to name a few.
Seletar Mall (4 LRT Stations away)
On top of the malls mentioned above. You can also travel to Seletar Mall to catch a movie at Shaw Theatres Cinema and grocery shopping at NTUC Fairprice Finest Supermarket or food at NTUC Foodfare on top of many other restaurants found here. Only 4 LRT stations away, and conveniently located near TPE & CTE, travelling to Seletar Mall via public transport or car is easy. There are big fashion brands like UNIQLO & Levi’s, and food such as Burger King, Din Tai Fung, Hai Di Lao Hot Pot, and BHG Department Store.
Nan Chiau Primary School & High School
In 1941 Mr Tan Kah Kee started an initiation that lead to Mr Lee Kong Chian donating a plot of land for the building of a teacher’s training school for Nan Chiau’s teachers. Singapore Hokkien Huay Kuan invested $2 million to rebuild the school in 1965. The schools go on to receive many awards including Nan Chiau Primary School conferring the status of [email protected] and the School Distinction Award in 2016 and Nan Chiau High School being officiated as a special Assistance Plan school from 2012. And is approx. 3-4min drive from OLA EC.
With a few MOE Kindergartens around OLA EC, parents can have more choices of quality yet affordable kindergartens to choose from. MOE kindergarten will have programmes to nature young children from a young age to give them a strong start in life and it is approx. a 4min drive away.
Sengkang Methodist Children Centre
Offers 3 levels of education from nursery to K1 & K2. It is a pre school operated by a church and is registered with MOE and it is approx. a 4min drive away from OLA EC
Sengkang General Hospital
Sengkang Grand Hospital & Sengkang Community Hospital will offer a comprehensive list of healthcare services especially for those staying in the Northeast area.
Sengkang General Hospitalc offers specialist care, A&E, inpatient and rehabilitation services and for those patients who require continuous care may be transferred to Sengkang community hospital to continue their rehabilitation to nurse them back to health so that can return to their daily life asap.
Nearby Public Transport
- Bus 654 City Direct
- Bus 110
- Bus 374
- Cheng Lim LRT – 1 LRT station to Sengkang MRT, Sengkang Bus Interchange, Compass One Mall
Sengkang Sports Centre
Sengkang Sports Centre is nearby where you can have your sports craving satisfied such as dance studio, hocky pitch, indoor sports hall and many more and there is even a McDonald’s and drive thru. The swimming complex comes with waterslides and 5 swimming pools which offer a great Sunday outing for you and your family.
Embrace The Nature
It is good for the human mind and body to be living near nature. With so many parks around OLA EC developed by Evia Real Estate & Gamuda, the nearest park is Sengkang Riverside Park.
Enjoy the tranquillity of this park having Punggol Reservoir running through it, you and your family can hike at this park and be close to nature. There are marshlands, aquatic plants and wetlands that attracts lots of wildlife such as birds. This is one of the parks of the park connector network situated in the north eastern riverine loop.
Boardwalks allows nature and people to come closer. At Sengkang Floating Wetland, visitors can also see a variety of birds and fishes and it is also well connected to Anchorvale Community Club, Sengkang sports complex and the Sengkang riverside park. Sengkang Sculpture Park has many sculptures and combining a park with an “art gallery” jogging in this park can both build you physically and mentally. This 24,000 sqm park is divided in twos, and offers lots of opportunity for the young and old to experience the park in an artsy way. Some of the sculptures features “Rotating Fish”, “Waves” to reminisce Sengkang’s Fishing Village history. There are also stories and art concepts for the “Bubbles”, “Dancing Figurines” and “Wind” sculptures for you to find out.
OLA EC Location Map
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OLA EC Floor Plan
- 2 BEDROOM
- 3 BEDROOM
- 4 BEDROOM
- 5 BEDROOM
OLA EC Unit Mix
No. of Units
A1 , A1-1 , A1-P
#01-23 to #15-23
B1 , B1-P , B1-R B1-1 , B1-2 , B1-3
B2 , B2-P , B2-R B2-1 , B2-2
#01-01 to #15-01
#03-13 to #16-13
#01-20 to #15-20
#01-31 to #16-31
B1 , B1-P , B1-R B1-1 , B1-2 , B1-3
B2 , B2-P , B2-R B2-1 , B2-2
#01-06 to #16-06
#01-09 to #16-09
#01-19 to #16-19
3 Bedroom + 1 Deluxe
B6, B6-1 , B6-2 , B6-P
#01-30 to #15-30
3 Bedroom + 1 Premium
B3, B3-1 , B3-P
#01-21 to #15-21
#01-34 to #15-34
3 Bedroom + 1 Premium
B4, B4-1 , B4-2 B4A , B4A-1 , B4A-2, B4A-P , B4A-R
#01-22 to #15-22
#01-28 to #15-28
#01-33 to #15-33
3 Bedroom + 1 Premium
B5, B5-1 , B5-2 B5-P , B5-R , B5A , B5A-1 , B5A-P
#01-04 to #15-04
#01-08 to #15-08
#01-11 to #15-11
#01-15 to #15-15
#01-17 to #15-17
#01-24 to #16-24
#01-26 to #15-26
#01-29 to #15-29
#01-35 to #16-35
C1 , C1-P , C1-1, C1-2 , C1-3
#01-03 to #15-03
#01-07 to #15-07
#01-12 to #15-12
#03-16 to #15-16
#02-18 to #15-18
#01-25 to #15-25
5 Bedroom Penthouse
#16-03 to #16-07
#16-11 to #16-25
#16-15 to #16-17
5 Bedroom Penthouse
#16-21 to #16-33
5 Bedroom Penthouse
OLA EC Site Plan
OLA Interior Design
Sengkang URA Plan
The URA Master Plan 2019 has a number of exciting plans for Sengkang including New Recreational Opportunities for residents to enjoy the greenery and waterways more easily via the various new park connectors and these waterways will be connected to Punggol Regional sport Centre, Anchorvale community club and SAFRA Punggol allowing cyclists and other visitors of the park and waterway to enjoy the space. There will also be a new park at Hampstead Gardens which will be enhanced with the existing wetlands for visitors to relax and enjoy the nature.
The Oval @ Seletar
Visitors can also expect new amenities such as restaurants refurbished from the 13 bungalows at Seletar aerospace park.
There is also the Buangkok Integrated Development interacting Buangkok MRT, bus interchange, shopping mall, hawker centre, community club and retail shops to be open by 2025.
By 2020 there will be 5 more large childcare centres to be open in Sengkang & Punggol offering 2600 places for children to be enrolled in.
With so many things in place in this region, residents at OLA EC will get to enjoy all these convenience and recreations when all the above came into fruition including potential capital gain.
Jointly developed by Evia Real Estate and Gamuda, they submitted the top winning bid for the site with a total of 7 bidders on 14 Sep 2018, winning by a close margin of $899. The winning bid was S$318,888,899 and the closest bid was $318,888,000.
Evia Real Estate started operation in 2010 and has a proven track records in real estate across residential, commercial, industrial and logistics properties. Some of the residential properties Evian Real Estate has developed are Lake Life EC, Heron Bay EC and Gem Residences. The Ola EC is going to be the next highly anticipated EC in 2020.
Gamuda Land, established in 1995, has built up a good track record of innovative developments and as a town maker has developed many properties in Malaysia and across the region, including Melbourne, Ho Chi Minh and Singapore. It has also won the Top Property Developers Awards 2019 by THE EDGE (Malaysia). Gamuda Land also scored the highest in both low-rise and high rise catergories for BCA’s Construction Quality Assessment System. Residents of Ola EC can thus expect the high quality home they will be staying in for many years to come.
When is the expected launch date of Ola EC
OLA EC is expected to launch in Q1 2020 in Sengkang along Anchorvale Crescent. The latest EC launch in this area. The past few ECs in this area were very in popular and were totally sold out. They were Bellewaters, The Vales and Treasure Crest. The most recent EC in Sengkang was Rivercove Residences and it sold 70% on the 1st day and fully sold out within just a few months. In cases like this, usually those who buy early gets the best discount because if you’re the developer and seeing such good response during launch, will you increase or decrease the price for the remaining units?
REGISTER BELOW and Be Updated on the latest info for OLA EC so you will not miss out on early bird discount and updates.
Past Projects of Evia Real Estate & Gamuda Land