OLA EC Pricing | OLA EC PSF
OLA Price List
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OLA EC Pricing
OLA EC Price – Executive Condo in Sengkang Successful Awarded Project Tender Price
The Ola EC site spans an area of 184,465 sq ft. Under the Master Plan, it is zoned for residential use, with a plot ratio of 3. This translates to a maximum permissible built-in floor area of 553,397 sq ft.
Hence the $318,888,899 paid by the developer for the site, will work out to a land rate of $576 PSF PPR (per square foot per plot ratio).
This could mean a break even of around $1,050 PSF PPR, after taking into account all the development and construction, as well as admin, financing and overhead costs.
So what will the selling price be like after factoring in the margin? If Piermont Grand EC with a similar land cost, is anything to go by, we could be looking at an average of around $1,1xx PSF. So possibly:
- 3 bedroom units might start from around $880K up
- 4 bedroom units might start from around $1.3xM up
- 5 bedroom units might start from around $1.5xM up
Disclaimer: The above is just a very rough guesstimate. Actual pricing will differ.
| LAND LOCATION | SUCCESSFUL SALE PRICE | PER SQ FT PER PLOT RATIO | GFA |
|---|---|---|---|
| ANCHORVALE CRESCENT EC LANDSALE SITE | $318,890,000 | $576.20 psf | 51,411 sqm |
OLA EC Actual Site Location
OLA EC Price – Nearby Properties Transacted Price
| NEARBY NEWER PROJECTS AROUND OLA AT DISTRICT 19 | HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHS | COMPLETION |
|---|---|---|
| TREASURE CREST | $1,110 | 2018 |
| LA FIESTA | $1,482 | 2016 |
| Rivercove Residences | $1,086 | Under Construction |
| RIVERBANK @ FERNVALE | $1,267 | 2017 |
| THE VALES | $960 | 2017 |
| BELLEWATERS | $945 | 2017 |
What is the OLA EC Pricing? OLA EC Estimated Launch Price
| PSF$ | |
| A) Land Cost | $576 |
| B) Construction Cost (estimate) | $350 |
| C) Profit Margin + Other Expenses (30% x [A+B] ) | $277 |
| Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE) | $1,203 |
(All prices for OLA displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)
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