OLA EC @ Anchorvale

[Passerboy]

I don’t know what this developer thinking. Why only open Showflat for just a few days. In this current buyer market, where got developer still so yaya and yet so proud about their so call Spanish features.

The showflat was open since 15feb, took more than one month till they officially launch for sale which I thought did more harm than good, as the hype died and the market was hit by falling stock prices.

 

[1993newbie]

Saw the Masterplan. Opp Triliant marks Hospital in future. Making it similar to Ola.

Most recent transaction earned $180k after close to 8 years!

I rather buy Trilliant lor...

 

[SunnyCasa]

Sales gallery only but Showflat only open few days

The showflat was open since 15feb, took more than one month till they officially launch for sale which I thought did more harm than good, as the hype died and the market was hit by falling stock prices.

 

[SunnyCasa]

Oh. Wah more happening

Saw the Masterplan. Opp Triliant marks Hospital in future. Making it similar to Ola.

Most recent transaction earned $180k after close to 8 years!

 

[bigherosg]

Back then EC price was lagging the market. Private EC @900++psf, EC was 700++psf.

Today this EC is even more ex than market. Some resale PC in SK/PG selling less than 1k psf, this one selling 1100psf.

Even more mind boggling is, even though it is more expensive than a resale PC, it has all sorts of restrictions tagged to it. You can't sell upon TOP, you can only sell after 5 years.

Then let's look at the history of 2 of the best located ECs in OCR out there after TOP, Prive and Esparina, they sold at 950-1100++ psf. Their psf is still lower than all the resale PCs of the same age out there.

So history is already telling you, EC resale can never match a PC resale price.

After 10yrs EC becomes PC

 

[drkcynic]

After 10yrs EC becomes PC

It doesn't quite matter does it? Foreigners are not buying due to the tax they will be hit with, even if they do buy it would not be in this area.

The people buying OCR PC/EC condos are mostly citizens and PRs. So 5 years or 10 years, it makes no difference.

 

[jonchar]

1.2k psf! At this rate, SKR $2k, Woodleigh Residence can sell $2.2k. Huat ah!

 

[momoeagle]

1.2k psf! At this rate, SKR $2k, Woodleigh Residence can sell $2.2k. Huat ah!

Upon MOP, Ola buyers can look to selling at $1.5k psf.

Profit from appreciation.

 

[momoeagle]

That quantum could get a move in ready PC which can be sold 3 years from now, lower PSF than lower floor.

2nd highest floor too. Also 3+1.
But diff location la.

$1200psf + $50 psf makes this EC almost $1250 psf

$1350 psf can get new Parc Botannia.

For comparison in similar area for new launches.

Even for MOPed ECs, Austville Residences is at 900 psf. Although different location.

But of course, only Ola has Spanish theme and $500k chandelier. It should go to $1.5k psf by MOP

 

[NiShiZhu]

I’m just quite amazed that in such economy and pandemic climate, they still quite daring to price most of its units close to 1200psf. That’s y I predicted it will not sell cross 200 units on first day. But somehow, 177 units sales at such price is still amazing to me.

They should just focus on selling as many units as possible and go for slightly thinner profit margin instead of spending so much in publicity stunt.
Now end up they may help other PC (in price range of 1300psf-1400psf) to move.

 

[1993newbie]

I foresee a slight increase in transaction for some PC.

When PG was launch,I realise PC such as Riverfront/Florence/Treasure did move.
Who knows it might also help SKG as well, so far 1-15march, SKG sold only 2 units.

PC won’t be hit by MSR and 8/9 years timeline.

I’m just quite amazed that in such economy and pandemic climate, they still quite daring to price most of its units close to 1200psf. That’s y I predicted it will not sell cross 200 units on first day. But somehow, 177 units sales at such price is still amazing to me.

They should just focus on selling as many units as possible and reap thin profit margin instead.
Now end up they may help other 1300psf range PC to move.

 

[NiShiZhu]

I foresee a slight increase in transaction for some PC.

When PG was launch,I realise PC such as Riverfront/Florence/Treasure did move.
Who knows it might also help SKG as well, so far 1-15march, SKG sold only 2 units.

PC won’t be hit by MSR and 8/9 years timeline.

Maybe they thought theres still many bullish buyers queuing for the M and thought their sales will be like the M. Lol.

I was just guessing, if they say they will increase price starting from today, would they sell less than 15 units today?

 

[Zetrio2006]

$1200psf + $50 psf makes this EC almost $1250 psf

$1350 psf can get new Parc Botannia.

For comparison in similar area for new launches.

Even for MOPed ECs, Austville Residences is at 900 psf. Although different location.

But of course, only Ola has Spanish theme and $500k chandelier. It should go to $1.5k psf by MOP

Parc Botannia is basically fully sold. Now left with only 1 or 2 bounced out units.

 

[momoeagle]

Parc Botannia is basically fully sold. Now left with only 1 or 2 bounced out units.

I have been hearing that they are fully sold for quite some time.

Yet as of mid Mar 2020, there were still 11 units sold.

 

[birmingham123]

Upon MOP, Ola buyers can look to selling at $1.5k psf.

Profit from appreciation.

If u have the money, u can join and huat too.

 

[birmingham123]

I’m just quite amazed that in such economy and pandemic climate, they still quite daring to price most of its units close to 1200psf. That’s y I predicted it will not sell cross 200 units on first day. But somehow, 177 units sales at such price is still amazing to me.

They should just focus on selling as many units as possible and go for slightly thinner profit margin instead of spending so much in publicity stunt.
Now end up they may help other PC (in price range of 1300psf-1400psf) to move.

If this strategy really help other pc to move, then overall it is still helping Ola. Just surprised people are still buying in the overall property market. But let's say today if I can afford one and need a brand new place to stay, maybe no choice. If for investment wise, I will hold back first

 

[jonchar]

im guessing even at $1.2k, while expensive for EC, it is still very affordable for many when both are working. Some will probably seriously consider as they have the choice to select the exact stack, and facing and units they want. Hence don’t mind paying slightly higher.

I no such luck, satu orang working. Cannot anyhow hamtum.

 

[Clazav]

Basically ppl have blurred idea about own stay and investment. Many people hold the words "own stay" with high regard and they throw away all basic senses. This has being demonstrated in SKG and other launches, as well as million dollar mopped bto several years ago where million dollar hdbs were u heard of.

No matter what price, there'll always be people saying it's expensive. Esparina launched back in 2010 at 7xx psf. Some bought, some said the buyers are crazy buy ulu location EC at 7xx psf.

At the end of the day, if your friend thinks there'll be appreciation and likes the location then it'll be worth it to them

 

[holasingapura]

im guessing even at $1.2k, while expensive for EC, it is still very affordable for many when both are working. Some will probably seriously consider as they have the choice to select the exact stack, and facing and units they want. Hence don’t mind paying slightly higher.

I no such luck, satu orang working. Cannot anyhow hamtum.

Don't say that Mr jonchar, you are very prosperous, have a unit at parc colonial.

And $20 for 1 shiny red apple, also very affordable to me. Should I buy it?

 

[birmingham123]

Don't say that Mr jonchar, you are very prosperous, have a unit at parc colonial.

And $20 for 1 shiny red apple, also very affordable to me. Should I buy it?

Apple to me are all the same. Maybe u should use sweet potato as example. Why are Japan sweet potato double the price of Vietnam sweet potato and many people still buying it ??