OLÁ Executive Condominium Latest Updates

Last year, the one and only EC launched in District 19  – Piermont Grand at Punggol, by CDL, had drawn a large crowd and interest from HDB upgraders. Buyers who have missed the chances to get an EC in District 19, due to ineligibility, exceeded household income ceiling capped of $14K, now is a good chance for them to consider OLÁ EC. Those looking to buy an Executive Condominium will benefit from a higher income cap, up from $14,000 to $16,000.

As Minister Khaw Boon Wan mentioned, buying Executive Condominium is like buying Jaguar branded luxury car at Toyota’s economy car price. In the case of Executive Condominiums, buyers get the same quality as a private condominium despite paying a lower price premium. Executive Condominium prices are usually priced 20-30% cheaper than private condominiums due to the government land being sold to developers at subsidized prices. The purpose of building Executive Condominiums to offer a unique class of property that allows these more affluent and eligible buyers to upgrade to a condominium lifestyle at an affordable price.

Evia Real Estate and Gamuda Land have successfully bidded for the residential land parcel at the price of S$318,888,899. The winning bid works out to a land cost of about S$576 per square foot (PSF) per plot ratio, and break-even cost at about S$1,050 psf. This means OLÁ EC at Sengkang could be priced at above S$1,050 psf, which translates to a huge discount to home seekers when compared to recent condominium launches at Buangkok which is selling at an average price of S$1,746 psf. The pricing is also aligned with the Executive Condominium scheme which is designed to cater for the aspiring class of Singaporeans, as a HDB-Private Hybrid.

OLÁ EC at Sengkang is located along Anchorvale Crescent, future residents will be able to enjoy the conveniences by just taking a short 3 mins to walk to Cheng Lim LRT station. Within close proximity to Cheng Lim LRT and one-stop from Sengkang MRT station, residents of OLÁ EC enjoy the ultimate connectivity of North-East Line with easy access to future Punggol Coast MRT and also islandwide via 4 different interchanges namely future Hougang Cross Island Line Interchange, Serangoon Circle Line Interchange, Little India Downtown Line Interchange, Dhoby Ghaut North-South Line Interchange and Chinatown MRT linking to Outram Station on East-West Line.

OLÁ EC is about 600m from Sengkang MRT station and the Compass One mall, where homeowners can shop, dine as well as entertain themselves in a variety of options. In time to come, the condominium will also be benefited from the upcoming Cross Island Line (CRL) transport network, which connects to various parts of the island including Changi, Tampines, Ang Mo Kio, Jurong Lake District and many more.

Notably, OLÁ Executive Condo is located within 1km from the famous Nan Chiau Primary School. OLÁ EC is also close to many primary & secondary schools in D19 including Springdale Primary School, Compassvale Primary School, Punggol Green Primary School, and the upcoming Singapore Institute of Technology (SIT) campus in Punggol Digital District.  Healthcare is also easily accessible at one of the newest hospitals, Sengkang Hospital and Medical Centre with a 24-hour food court and other eateries within the compound.

OLÁ EC is also easily accessible to Tampines Expressway, CTE and KPE.  Less than 20 mins drive to town.

Residents of OLÁ EC are spoilt for choices between various shopping malls in the vicinity, such as Seletar Mall, CompassOne, Waterway Point in Punggol and the upcoming Sengkang Grand Mall in Buangkok. There are many sports and natural amenities in the neighborhood as well, including one of the best swimming complexes in Singapore. Ample parks and sports facilities located nearby ensure an avenue for the whole family to enjoy and bond together.

Moving forward, OLÁ Executive Condominium will also provide housing supply to support the increased workforce population at the future development nearby, such as Punggol Digital District, Sengkang General Hospital and many more. As a result, the new EC is a well balanced proposition in terms of lifestyle upgrades and future capital appreciation.

The new development site area of OLÁ EC is approximately 184,465 sqft with a plot ratio of 3.0 comprising of approximately 548 units with bedroom types ranging from 3 Bedroom to 5 Bedroom units. Ideally designed for the affluent first-timers and HDB upgraders with different family nucleus and aspirations

Stay in OLÁ EC and Enjoy Branded Condominium Lifestyle Living Today for you & our Love ones.  Book An Appointment with Us Today to learn more about your eligibility, affordability, and in-depth project information and best buys for own stay.