6 Reason Why OLA EC (Anchorvale Crescent EC) will be a Successful Investment Portfolio Builder
The investment opportunities in Singapore is an irresistible offer when it comes to the executive condo.
Following the announcement by National Development Minister Mr. Lawrence Wong, they will not unwind the cooling measure as of now, most of the property buyers started their home hunting trend since April.
OLÁ EC is a new Executive Condominium located along Anchorvale Crescent in Sengkang at District 19.
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NEW SENGKANG EC LAUNCH – OLA EC FACTSHEET
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| CONDO PROJECT DETAILS | OLA EC Launch – Executive Condominium by Anchorvale Pte Ltd (OLA EC Joint Developers: Evia Real Estate & Gamuda) |
| OLA EC LOCATION (ADDRESS) | 70 to 86 Anchorvale Crescent, Singapore 544599-544561 |
| DISTRICT | 19 |
| Direct Developer & Registered Address | Anchorvale Pte. Ltd. (Evia & Gamuda) 7000 Ang Mo Kio Ave 5 #04-01 Singapore 569877 |
| OLA EC ADDRESS | 70 to 86 Anchorvale Crescent, Singapore 544599-544561; opposite 50 Anchorvale Crescent Singapore 544629 |
| Ola EC Showflat Location | Anchorvale Crescent ( Location – Click for more ) |
| Developer Sales Hotline | +65 88243633 |
| Est Indicative Selling Price Range | S$1100 psf ( Pricing – Click for more ) |
| Tenure | 99 years leasehold |
| Description | OLA, executive condo developed by Evia & Gamuda. Target to launch in 1H 2020, Official details project info, floor plans, showflat appointment to be obtained here |
| No of Units | 548 units of executive condominium |
| Max GFA | 51,411 sqm |
| Unit Types | 1 to 5 bedrooms |
| Plot Ratio | 3.0 |
| Site Area | 17,137.3 sqm / 184,466 sqft |
| Site Use | Residential Executive Condominium (EC or Exec Condo) |
| Mukim Lot Number | 03142A MK 21 at Anchorvale Crescent |
| Solicitor | Rajah & Tann Singapore LLP |
| Project Account No. | DBS Current Account (Project) 003-700136-8 |
| Architect | AGA Architects Pte Ltd |
| M & E Consultant | To be Advised Later |
| Structural Consultant | To be Advised Later |
| Landscape Consultant | Ecoplan Asia |
| No. of Storeys | 16 |
| Payment Scheme | Normal Progressive Payment and Deferred Payment Scheme |
| Tenure | 99 years |
| Total No. of Units | 548 Units |
| No. of Carpark Lots | 548 Carpark Lots |
| Expected Date of TOP | 14 December 2023 |
| Expected Date of Legal Completion | 14 December 2026 |
| Security | 24 Hours Security Guard |
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Is EC a Proven Investment?
First of all, we have to study whether an executive condominium is a proven investment that will contribute wealth to most owners.
A study by property consultancy firm OrangeTee proves that in the longer term, the EC would prove to be a better investment.
OrangeTee’s analyst Celine Chan explains that this is mainly due to the lower initial purchase price and the inflow of cash due to rental income (year 6 to year 10) as restrictions are lifted.
Likewise, this was how the Park Green and Nuovo EC sales came by years ago and many buyers procrastinated.
As a result, the first owners went on to sell for more than double of the original price.
So, I congratulate those buyers that have gotten their units in any executive condo sales.
#1. It has Great Accessibility
Motorists are easily connected to the rest of Singapore by accessing the CTE, TPE and KPE.
Anchorvale Crescent EC is well-served by the North-East Line. Located in the north-eastern region of Singapore, Anchorvale Crescent is linked to the new green lung, Sengkang Riverside Park where the residents can relax and spend your quality time with friends and family. Anchorvale Crescent EC is just 2-min walk to the Cheng Lim LRT station which is only 1 station away from Sengkang MRT station.
#2. It is close Top School and Education Institution
It is 6-min walk to Nan Chiau Primary School.
Nan Chiau Primary is known over the years for its 100% PSLE passing rate in Singapore.
There will be a future secondary school and a junior college along Anchorvale Crescent EC.
Having a top school nearby is a bonus for the neighbourhood and residents alike.
#3. The Price is Affordable – OLA EC
New price tag for EC is $1,000psf to $1,100psf.
Yes you see it right! The price tag for new launch EC has gone up from $750psf to over $1,000psf within 4 years.
However, EC still has its own charm. As only new EC facilitates the process for your purchase without paying ABSD eventhough you own a HDB.
The 3 bedroom layout for new EC is very practical. Best suit for a common family.
#4. OLA EC has Potential Price Appreciation
Refer to the past history, there is huge room for appreciation of the executive condo price after the five years MOP or after privatization. From the records, many units of the executive condo sold for over double their original price after attaining privatization.
#5. OLA Executive Condo is situated in a Well Planned Town – Sengkang
A new town in the making, Sengkang is now seen as a highly desirable place to live, work and play. New homes will be developed as we progressively embark on our plans to develop Sengkang.
More amenities will be provided in Sengkang to ensure a comfortable living environment:
• Compass One shopping mall next to Sengkang MRT will open in September 2016
• Sengkang General Hospital and Community Hospital will open in 2018
#6. Nice Layout for OLA EC
Most often we could find the bad layout in some of the show flat, whereby the kitchen or the bedrooms are too small.
I have seen the show flat of the EC whereby the nice layout of the unit makes it seem larger than they actually are.
The kitchen is squarish, the dining room is able to put in a dining table with 6 to 8 seater, the common bedroom is approximately 9 square meter, etc.
Here are the 6 reasons on why OLA EC is worth your property investment.
