OLA Executive Condo (EC)

Inspired By Spanish Art & Culture!

Developed by Evia Real Estate & Gamuda. Launching 15 Feb 2020.

Long-awaited EC in Sengkang has launched!

The OLA EC site at Anchorvale Crescent was offered for sale by the Housing Development Board in the Government Land Sales Programme in 2018. Evia Real Estate and Gamuda emerged as the top bidders for the plot of land. Evia Real Estate has previously received the Asia Pacific Property Awards for Residential High Rise Architecture and Residential High Rise Development for 2017/18 for one of its condo projects. e-Applications for OLA EC are now open for interested buyers.

Did You Know?
An Executive Condo is indistinguishable from a private condo.
But it can be up to 30% lower!

See section on Benefits of buying an EC below.

Download Official Brochure

OLA EC Factsheet

Project Name	The Ola EC (executive condo)
District	19
Address of Development	Anchorvale Crescent
Project Developer	Anchorvale Pte. Ltd. (Evia & Gamuda). 7000 Ang Mo Kio Ave 5 #04-01 Singapore 569877.
Developer Sales Hotline	+65 9009 1172
Site Area	184,394 sqft (see OLA EC site plan)
Gross Floor Area	553,182 sqft
No of Blocks	9
No of Floors	16
No of Units	548 Units (see OLA EC floor plans)
Unit Types	1 to 5 bedroom Units (See Unit Distribution Chart)
Tenure	99 Years Leasehold
TOP	14 Dec 2023

OLA EC Unit Mix

Unit Type	Size (sqft)	No. of Units
2 Bedroom	775	30
3 Bedroom (2 sizes)	926 & 947	196
3 Bedroom + 1 Deluxe	1001	15
3 Bedroom + 1 Premium	1005	211
4 Bedroom	1389	87
5 Bedroom Penthouse	1722	9
Total	548 units

Latest Updates

Date	Update
15 Feb 2020	OLA EC officially launches! In view of the Corona virus outbreak, viewing is by appointment only. Call our hotline 90091172 for more info and preview invitation.
12 Feb 2020	Indicative prices released: $1080 to $1150 psf for all unit types (subject to change). The last EC sold in Sengkang, Rivercove Residences, was 70% sold out on launch day. There is a lot of pent up demand for ECs in Singapore. For example, Parc Canberra EC (near Sembawang), will open for booking on 15 Feb and the interest has been strong - about 1,350 e-apps have been collected for a project with 496 units!
10 Feb 2020	Register your interest to preview OLA EC now! Preview starts 15 Feb 2020 to 1 Mar 2020. Booking date will be on 21 Mar 2020. Get direct developer prices & limited-time early-bird discounts.
9 Feb 2020	Artist's perspectives released. Click to view OLA EC illustrations.
8 Feb 2020	Announcement: Showflat will open on 15 Feb 2020 and buyers can submit e-Applications.
11 Sep 2019	EC Income Ceiling raised to $16,000, effective immediately.
14 Sep 2019	Evia Real Estate and Gamuda successfully secure the coveted EC site at Anchorvale Crescent.

Benefits of Buying an EC

ECs Are Full Suite Condos

Although ECs are allotted and regulated by the government, they are built by private developers. As such, they tend to be indistinguishable from private condos. ECs come with the usual condo facilities such as guarded security, swimming pools, clubhouses, playgrounds, gym and more.

ECs are Highly Subsidised

There are Grants too!

A Great Investment!

Payment Schemes

Upgraders Don't Have To Pay ABSD

Upgraders Need Not Sell First

Priority Scheme for First-Time Buyers

It's a Privilege!

OLA EC Location & Amenities

Amenities Around OLA EC

The Ola EC is a new executive condominium development located in District 19 in the East of Singapore. Besides Parc Canberra EC which opened in early 2020, The OLA EC will also be well connected to the MRT rail system - it is 2 mins walk to Cheng Lim LRT Station, which is only 1 station from Sengkang MRT station.

The Sengkang / Punggol are is very well developed and residents will have quick and easy access to all the amenities that they will need, including malls, supermarts, eateries / F&B outlets, healthcare, schools and more.

MRT & Bus Interchange:
Sengkang MRT Station (1 station from LRT)
Cheng Lim LRT Station (2 mins away)

Shopping Malls:
Compass One (formerly Compass Point)
Waterway Point
Kopitiam Square

Reputable, Good Schools:
Nan Chiau Primary School / High School
Compassvale Primary School
Springdale Primary School
Edgefield Primary School
Anchor Green Primary School
Rivervale Primary School
CHIJ St. Joseph's Convent

Recreational:
Sengkang Riverside Park
Punggol Waterway Point

OLA EC Floor Plans, Site Plan & Facilities

Site Plan

A site plan is a scaled drawing which shows the uses and structures proposed for a parcel of land, including information concerning landscape features. The OLA EC site plan will show you the layout of the development, such as the location of blocks and condo facilities. You can also use the site plan to see the general orientation of the blocks (eg whether they are in-facing or out-facing), among other things.

View Siteplan

Facilities

OLA EC comes with a wide range of exciting facilities that are classified into zones. These include: Valleys of Espana (eg grand lobby, Casa club/lounge, 50m lap pool, palm cove), Paradise Glen (eg. Familia Plaza, Loto Oasis, Sensorio Garden), Mystic Falls (eg. Fresco Lunge, Kids Pool, Culinary Cabana, Cielo Bar, Grill Station), Fiesta Walk (eg. Siesta Lounge, Kids Play Space, Pets Corner, Picnic Jardin & BBQ). You will notice that the EC facilities are what private condos tend to offer its residents.

Floor Plans

OLA EC offers something for everyone, from young couples to families with children, as well as multi-generation families. As such, several well-planned layouts are available, from 2 bedrooms, 3 bedrooms (normal, Deluxe, Premium), 4 bedrooms, and 5 bedrooms Penthouses. Click the button below to view the floor plans of these units.

View Floor Plans

Key Features of OLA EC

Everything that you want can be found here!

Transport Convenience

Location and convenience has an impact on the valuation of properties. OLA EC is only 2mins from Cheng Lim LRT and 1 stop from Sengkang MRT. Properties near LRTs / MRTs are highly sort after due to easy accessibility. Further, residents who drive can use these arterial highways to travel quickly to just about any part of Singapore: Tampines Expressway (TPE), Central Expressway (CTE) and Kallang Paya Lebar Expressway (KPE). Orchard Rd is only about 25 mins away!

Developer's Reputation

Residents of OLA EC can be assured of quality and good workmanship. Both Evia Realty and Gamuda have impressive track records. Today, Evia Realty has a portfolio made up of assets exceeding $2 billion. It's venture partner, Gamuda Group, is a top-performing and a multi-award-winning infrastructure, property and engineering company based in Malaysia.

Amenities A Stone's Throw Away

OLA EC is located in the midst of a wide range of amenities such as healthcare (Sengkang Hosital), malls (Compass One, Waterway Point, Kopitiam Square), Sports and recreation (Sengkang Sport Centre, Watersports at Punggol, Golf driving range, Sengkang Sculpture Park, Sengkang Riverside Park, Sengkang Floating Wetland), as well as schools like the reknowned Nan Chiau Pri / High Schools. Other amenities are accesible via the nearby TPE and KLE.

Low Entry Price

ECs are normally priced 20% to 30% lower than comparable private condominiums. On top of that, eligible buyers may also receive CPF housing grants of up to $30,000. Buying during launch gives buyers the lowest possible entry price to a development. Furthermore, upgraders do not have to pay ABSD; they are allowed to take up Deferred Payment Scheme (DPS) and continue living in their present HDB units. These benefits are only for EC buyers - something that Singaporeans can enjoy.

Telemedicine Service

OLA EC will be the first development in Singapore where residents will be able to get medical consultations and receive medications on their doorstep! This is a result of a partnership between HiDoc, a telehealth company, and the developer of OLA EC. Residents can look forward to healthcare being provided by doctors virtually (remotely) via a kiosk. This kiosk will include a webcam as well as sensors and devices to capture patients' temperature, BP, heart rate, etc.

Capital Appreciation

Historically and statistically, it has been shown that buyers of ECs stand to make larger profit margins when their units are sold, more so if the development is near an MRT station. For example (although not indicative of future developments), buyers of Prive EC units (near Punggol MRT) who bought at launch in Jan 2011 around $5xx to $6xx psf have sold upon MOP around $739 - $1,060 psf. This translates to a profit of between $300,000 to $500,000! Other EC buyers have similarly made gains when selling.

Register To Visit Our Showflat

By Appointment

The OLA show gallery, located beside the actual location (Anchorvale Street), will open it's doors from 15 Feb 2020. Nearest LRTs: Cheng Lim & Farmway. Typical opening hours are expected to be from 10:00am to 7:00pm. The show gallery will include full-sized demo units that are fully renovated (interior decoration) and furnished to give potential buyers an idea of the layout and design possibilities.

To visit the show gallery, please register with us. Simply call/whatsapp/text to +65 90091172 or +65 94884904 to receive an official invite on your phone. Registration will also enable us to determine your eligibility and send you important information regarding the project, including floor plan updates, price releases, etc.

Register Now

OLA EC e-Application

Submit Your e-Application For Eligibility Checking & Priority Preview

An e-Application is a simple online submission that allows our team to carry out an eligibility pre-assessment. If you are eligible and keen to move forward, we will guide you in selecting your prefered unit and prepare the necessary official document for submission.

Note: The process is risk-free:

The discussion regarding your EC eligibility & your requirements, budget, bank loan arrangements, purchase procedures, preparation of submission documentation etc is completely Free of cost to you - and you may safely withdraw at anytime before signing the Option To Purchase (OTP) document. You have nothing to lose! The purchase of an EC is one of the best decisions a Singaporean can make.

Submit e-Application

"Generally, ECs is considered a privilege for the locals. If you are able to meet the criteria, especially the income factor, it is always a good idea to buy, be it for staying or investment."