OLA executive condo sales over the weekend may be a bellwether under pandemic


OLA executive condo sold about 167 out of 548 units over the weekend. OLA EC’s 30% sales may become new reality as Covid-19 looms over project launches.

OLA EC, the Spanish-themed EC, located at Anchorvale Crescent, amounted to 167 units, which translates to a take-up rate of 30% of a total of 548 units in the development by Anchorvale Pte Ltd, a joint venture between Singapore-based Evia Real Estate and Malaysia-based Gamuda Land.
Of the units sold, first-time buyers made up about 61% (102 units), with second-time buyers or HDB upgraders making up the remaining 39% (65 units).

Average price achieved over the weekend was $1,135 psf. The majority of the units sold were the three-bedroom and three-bedroom-plus-study premium units, with 135 out of 422 units (32%) taken up. Four-bedroom units registered sales of 26 out of 87 units (30%); while three out of 30 two-bedders were snapped up. Of the nine 5-bedroom penthouses in the development, three were sold at above $2 million each.

Continue to read OLA EC’s 30% sales over the weekend may become new reality as Covid-19 looms over project launches

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