OLA EC at Anchorvale Crescent Sengkang to be launched in Q1 2020
OLA EC at Anchorvale Crescent Sengkang is expected to launch in Q1 2020. In this review, I will show you some facts and analysis. Please follow Quick Links or feel free to contact us for latest movement or register your interest.
*This EC is believed to be named as OLA EC but subjected to change.
OLA EC Overview
Coming soon, a brand new executive condo (EC) will be launching in Anchorvale, Sengkang. This is the OLA EC, which will be the only new launch in Sengkang and the only second in District 19 after Piermont Grand in Punggol.
For up-to-date information such as price and floor plan, please visit & bookmark the designated website at OLA EC.
Reasons why you should consider OLA EC
1. OLA EC is the only new EC launch Sengkang in the next 2 years.
2. OLA EC is within walking distance to Cheng Lim LRT and close proximity to Tampines Expressway (TPE).
3. Many public amenities are already completed and ready in Anchorvale.
4. Reputable and established Nan Chiau Primary and High Schools are within the 1km at Anchorvale Link.
District 19, commonly known as Northeast Singapore, is made up of populous residential towns Serangoon, Hougang, and the newer Sengkang and Punggol.
Sengkang, located in the northeast of Singapore, is a relatively new residential area that only has its first HDB flats completed in 1997. Originally known as Kangkar due to a jetty at Sungei Serangoon, the region was renamed to its current name when urban development began in 1994, paying homage to its fishing village past. An expanding non-mature estate, today’s Sengkang is sub-divided into 4 neighbourhoods – Rivervale, Compassvale, Anchorvale and Fernvale – with a resident population of 240,640 as of June 2018.
OLA EC is a 184,464.4 sq ft brand new EC located strategically at the junction of Anchorvale Street and Anchorvale Crescent. This development is surrounded by adjacent Treasure Crest EC , The Vales EC , as well as Bellewaters EC, which forms an exclusive EC clusters with Only 2 HDB projects, Anchorvale Parkview and Anchorvale Cove, completing the residential estate at Anchorvale Crescent.
Locating off the major road of Anchorvale Street gives OLA EC great connectivity via public and private transport.
OLA EC is within 500m from Tampines Expressway (TPE), a short left turn from Anchorvale Street to Sengkang East Road. Driving from TPE, it is 5 minutes away from both Kallang-Paya Lebar Expressway (KPE) and Seletar/Central Expressways (SLE/CTE). Both KPE and CTE can reach the city within 30 minutes and SLE will lead drivers to northern parts of Singapore and Bukit Timah Expressway (BKE). TPE is also the main access route to two airports – Changi (12 minutes) and Seletar (6 minutes).
Cheng Lim LRT is conveniently some 100m from this project. Named after the farm roads in the vicinity, Cheng Lim LRT is only 1 station away from Sengkang Town Centre and 4 from the main Fernvale neighbourhood.
Sengkang Town Centre is the main transport hub for Sengkang. Without the need to exit Sengkang LRT station, commuters can transfer to its LRT East Loop to Compassvale and Rivervale neighbourhoods, or transfer to Sengkang Northeast Line (NEL) to other parts of northeast Singapore or the city. Even if there’s a need to transfer to buses, commuters have either Sengkang Bus Interchange at the ground floor of Sengkang Interchange or Compassvale Bus Interchange opposite to choose from.
As a new town popular with newlyweds and young families, Sengkang is often mistaken as a town lacking many public amenities.
Reputable and established Nan Chiau Primary and High Schools are located separately but within 1km of OLA EC at Anchorvale Street. For parents who prefer not to fuss over balloting for Nan Chiau Primary, Springdale Primary is another primary school at Anchorvale Link but only 400m away. In the near future, there will also be two new schools built adjacent to OLA EC and The Vales EC respectively.
Pre-schoolers can also opt from many childcare/kindergartens around Anchorvale, including Skool4Kidz Preschool , 2 storey mega childcare center at Sengkang Riverside park, PCF Sparkletots and MOE kindergarten @ Compassvale which are within walking distance from this project.
Healthcare and medical facilities are also well-equipped in Sengkang. The newly completed Sengkang General and Community Hospitals is right opposite OLA EC. From there, Sengkang Polyclinic is diagonally opposite, sharing the same building with Sengkang Community Club and Sengkang Neighbourhood Police Centre. Plan is also in place to build another medical facility behind this project, next to Bellewaters EC.
For residents looking to chill out indoors, Compass One and The Seletar Mall are 1 and 4 stations away from Cheng Lim LRT. The bigger of the two, the 270,000 sq ft Compass One underwent extensive renovation between October 2015 and September 2016 to add a new library while keeping existing supermarket Cold Storage and Sengkang MRT/LRT/Bus Interchanges. The Seletar Mall, opened in 2014, features anchor tenants NTUC FairPrice Finest, NTUC Foodfare and Shaw Theatres, the only cinema in Sengkang.
Taking advantage of ambience at Sungei Punggol, Sengkang Riverside Park is accessible by a 10-minute walk. This 21.3ha park is is split into 3 sections spanning both riverbanks and have many trails within the park for visitors to see the marshland upclose. There is also a park connector linking cyclist to Punggol Waterway. Anchorvale Community Club and Sengkang Spots Centre, housing a gym, swimming pool and hockey pitch, form the fourth section around Sungei Punggol.
Come 2022, Anchorvale Village, a new HDB integrated development opposite Sengkang Sports Centre, will offer new shopping options and a hawker centre to serve nearby Anchorvale residents.
Sengkang is strategically surrounded by other towns, old and new.
Taking the NEL northward brings commuters to Punggol terminal and by 2023, Punggol Coast Terminal. With similar rural history as Sengkang, Punggol is a place for work and play. At Punggol MRT itself, visitors can shop and dine at Waterway Point or by 2030 earliest, transfer to Cross Island Line (CRL) to reach Pasir Ris.
Outdoor-loving visitors can take a walk down the Punggol Waterway or explore the rustic heritage of Punggol Promenade, Punggol Point and Coney Island. Diners reminiscing the days of dining by the Punggol Road end can enjoy similar experience at The Punggol Settlement.
A new Punggol Digital District, Singapore’s first enterprise district to grow the digital industry with 28,000 new jobs and Singapore Institute of Technology (SIT) campus, will also open progressively from 2023 at the vicinity surrounding Punggol Coast MRT.
Heading south on NEL will bring commuters to two established towns, Hougang and Serangoon.
Hougang, serving NEL at the moment, will become an interchange with CRL when the new station is completed by 2029. An integrated transport hub is set to take shape thereafter, connecting commuters to nearby Hougang Mall, Kangkar Mall and The Midtown at Hougang Central.
Serangoon, with its existing Bus/NEL/Circle Line (CCL) Interchanges within Nex, the largest mall in the northeast, will be upgraded to sub-regional centre status under the URA Draft Masterplan 2019. More commercial buildings will be built in the next decade, providing work opportunities for people living in the northeast.
There are also other regions near Sengkang not served by NEL but instead a simple 10-minute drive maximum.
Formerly Royal Air Force (RAF) Airbase for the British, Seletar has now transformed into a global aerospace hub with its 320ha Seletar Aerospace Park. Featuring over 60 local and international aerospace companies including ST Aerospace, Rolls-Royce, Airbus and Bombardier, Seletar Aerospace Park provides vibrancy for the aerospace industry with over 6,000 industry professionals working under one roof.
Besides work, visitors can also enjoy the rustic and greenery of Seletar through recreation. The Oval, a lifestyle epicentre of Seletar Aerospace Park, alongside Wheeler’s Estate, offers many dining options and outdoor events amidst the conserved black and white colonial bungalows.
There will also be a new park at Hampstead Gardens for park-goers to enjoy the existing wetlands. This is in additional to the existing Yishun Dam and the newly opened Rower’s Bay Park where cyclists can enjoy unblocked views of Yishun and Johor Straits.
Singapore’s first airport, Seletar Airport, built for the RAF in 1929, underwent expansion in 2015 and today supports Seletar Aerospace Park and civilian flights operated by Firefly.
Jalan Kayu, a road built in 1928 to link Seletar Airbase, is now a quiet neighbourhood with rows of shophouses dating back to the 1960s, unaffected by the HDB flats that sprung up in nearby Sengkang West/Fernvale. This nostalgic enclave is home to the famous Jalan Kayu roti prata.
An estate of over 30 years old, Defu Industrial Estate is currently undergoing a 20-year redevelopment from a general and food industrial estate into Defu Industrial Park, a 130ha land area offering 2.1m sqm of industrial space for industries including logistics, engineering, clean energy, biomedical and existing general industrialists.
In the near future, a new 110ha Lorong Halus Industrial Park will be built over the former landfill, a first in Singapore. Taking advantage of the Sungei Serangoon riverfront and the two landfill topographies, this next-generation industrial park will cater to light and clean industries such as food and lifestyle, bringing more employments to the northeast region.
Post-2030, once Paya Lebar Airbase relocates to Changi Airbase, the free up 800ha land, bigger than Bishan and Toa Payoh combined, will be a brand new community gathering residential, commercial and industrial developments all in one place.
|Project Details||OLA EC|
|Locationa||Anchorvale Crescent Sengkang, Singapore|
|Developer||Evia Real Estate and Gamuda|
|Site Area||184,461 sq ft / 17,137 sqm|
|No. of Blocks||TBC|
|No. of Storeys||TBC|
|Payment Scheme||Normal Progressive|
|Site Use||Residential Flat Developement|
|Tenure||99 years leasehold|
|Total No. of Units||Approx. 550 Units|
|No. of Car Park Lots||TBC|
|Expected Date of TOP||Est. 2023|
|Expected Date of Legal Completion||Est. 2026|
|Security||24 Hours Security Guard|
OLA EC Price, Unit Types, Sizes
To be updated.
OLA EC Floor Plan
To be updated once the OLA EC floor plan becomes available. Stay tuned.
OLA EC Price Comparison
Evia Real Estate and Gamuda (Singapore) won the bid for the executive condominium (EC) site along Anchorvale Crescent. The new EC sits an area of 184,461 square foot (17,137 square meter) land parcel and has a plot ratio of 3.0. With the top bid of S$318.9 million, it works out to S$576.2 per square foot per plot ratio (psf ppr). According to the Housing and Development Board (HDB), it can yield a maximum of 550 units.
Based on the estimation, OLA EC will have a break-even price of S$900-950 psf ppr and an average selling price of S$1,100 psf.
To compare with ECs in the same period, check out my another post - new ECs to be launched in 2019/2020.
Some thoughts on OLA EC
1. A plot of land near Treasure Crest EC has been earmarked for church use. There may be concerns over traffic congestions on weekends as Anchorvale Crescent is a minor road.
More will be added when more information becomes available.
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