ANCHORVALE PTE.LTD (Evia Real Estate And Gamuda) have joined hands to become the highest bidder for the executive condominium (EC) site Anchorvale Crescent in Sengkang at S$318.89 million or S$576.2 per square foot per plot ratio (psf ppr).
OLA Executive Condominium Launch
Ola EC is a New and Upcoming Executive Condo (EC) located in the North-East Region of Singapore in the estate of Sengkang.. OLA EC@Sengkang sits on 17,137.30 sq.ft that can be constructed into a maximum of 548 residential units.
Located in young and dynamic real estate, the ec is near Cheng Lim LRT and the future residents always easy to access with integrated childcare centres, supermarkets and other shop clusters at doorstep.
About OLA EC Launch
The OLA EC development site enjoys a strategic location sitting close to shopping malls such as Compass Point Mall providing convenience to its future residents. The executive condo is only 3 mins drive away from Sengkang MRT station, and 4 mins drive from Cheng Lim LRT station. Residents can also enjoy a plethora of sporting facilities nearby at Sengkang Sports Centre found only 700m away.
Developer Evia Real Estate and Gamuda have come together becoming the highest bidder as well as the direct developer of OLA executive condominium site in Sengkang. The duo became the top bidders after submitting S$318.89 million equivalent to S$576.2 psf ppr for OLA. OLA EC sits on an area of 184,461 sq ft and enjoys a plot ratio of 3.0.
The site attracted seven bidders with a bid from Qingjian Realty coming second being only S$899 less than the top bid. The bid from the Hong-Kong listed Chinese developer, Qingjian Realty, is one of the closest margins ever registered in the history of Government Land Sales (GLS). The 1.71-hectare site has the potential to yield a maximum of 550 residential units.
A bid from Hoi Hup Realty and Sunway Developments came third at S$307.3 million translating to S$553.3 psf ppr. Out of the 7 bids submitted, the lowest bid received was from Anchor Development at S$500.95 psf ppr.
Evia and Gamuda : OLA EC Developers Track Record
|Evia Real Estate Management is an Asian focused real estate developer of residential condominiums in Singapore as well as logistics warehouses and commercial properties in South Korea. With offices in Singapore and South Korea, Evia seeks out development and value added land opportunities in these countries. Evia also provides project management and other marketing consultancy services.
Evia Real Estate is led by a highly-experienced and knowledgeable management team, with a deep understanding of the various sectors of the market, and the needs and aspirations of their clients. They continually strive to ensure that those core needs are met, and even exceeded, with quality products and services.
Award-winning Project: Gem Residences has received Asia Pacific Property Awards for Residential High Rise Architecture and Residential High Rise Development for 2017/18.
Creating Distinctive Lifestyle Environments: Each development takes advantage of its location and surrounds to ensure a lifestyle to fit everyone’s needs.
Quality Residential Communities: Evia Real Estate pride ourselves on building quality projects that will stand the test of time.
Among the various projects they have successfully delivered, residential ones are Pearl Island at Sentosa, Starlight Suites at River Valley, Robin Residences at Bukit Timah, and Gem Residences in Toa Payoh.
Evia is no stranger to executive condominiums either. And they seem to have the happy knack of knowing what works. Two of their executive condo projects, Heron Bay EC at Serangoon View, and the Lake Life EC in Jurong, sold out over 90% of their units at their launch weekends.
Projects Developed by Evia Real Estate
|Established in 1995, Gamuda Land is the property development arm of Gamuda Berhad, the monumental nation builder with a spectrum of experience and expertise. Right from the very beginning, Gamuda Land attained recognition as a far-sighted developer with the supportive backbone of its parent company in building not just homes, but a living experience beyond mere roofs.
Commenced by quality design, and leading the way outside Singapore, we hold the record of highest points scored in both low-rise and high rise categories for BCA’s Construction Quality Assessment System (CONQUAS). Retaining our philosophy, we strive forward in providing sustainable communities by creating a living environment with comprehensive amenities. This is where we fuse our latest innovation, creativity and quality that grows in value through the passage of time.
Our diverse expertise does not just allow us to create award-winning townships such as Horizon Hills and Jade Hills but also prestigious city living lifestyle products such as Madge Mansions and the upcoming 661 Chapel St. in Melbourne. We have delivered over 30,000 quality properties over the past 20 years and are set to introduce more than 60,000 new properties from Vietnam to Australia, translating into a total overall GDV exceeding RM 70 billion.
Our pioneering spirit in designs and workmanship continues to attest our unrivalled standard in masterplanning and creating sustainable developments that creates high value regeneration.
Gamuda Land was set up in 1995 as the property branch of Gamuda Berhad. Over the last two decades since then, it has developed numerous projects ranging from vertical towers to community townships. Its many award-winning developments dot the landscape of Singapore, Australia, Vietnam, and within Malaysia itself.
Projects Developed by Gamuda
OLA Executive Condominium Launch
OLA EC is a brand new executive condominium in Anchorvale Crescent by Evia Real Estate and Gamuda Singapore. View brochure, floor plan, location and book a unit today!
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