OLA EC @ Anchorvale

[sgpropertyblog]

I always wondered if such negative news would affect the pricing of the development thereafter, but realized that the answer would be a resounding no, the unit itself maybe- but only for the initial few years that pass by, thereafter I don’t think so.

for now it will, but after awhile, ppl will forget ..

 

[momoeagle]

for now it will, but after awhile, ppl will forget ..

The internet doesn't forget.

Plus condo names are especially easier to search as compared to HDB blocks.

As a buyer, I confirm plus guarantee will do a google search first.

i.e. Google "Leedon murder" and you will see it.

 

[Passerboy]

for now it will, but after awhile, ppl will forget ..

The unit itself would be affected, but I doubt the transaction of all u it’s at Esparina, if because of this news, Esparina transaction prices suffer a dip, then maybe good time to turn to Esprina than OLA EC, since there’s the upcoming integrated mall.

 

[Clazav]

Whoa smart move. Later u ask the Esparina seller to lower his price due to the incidence, they sell you at a low price unhappily and spread all the negativities of your unit/esparina. Such mentality has being displayed by many ex-punggolians who left punggol saying how bad it is.

The unit itself would be affected, but I doubt the transaction of all u it’s at Esparina, if because of this news, Esparina transaction prices suffer a dip, then maybe good time to turn to Esprina than OLA EC, since there’s the upcoming integrated mall.

 

[Passerboy]

Whoa smart move. Later u ask the Esparina seller to lower his price due to the incidence, they sell you at a low price unhappily and spread all the negativities of your unit/esparina. Such mentality has being displayed by many ex-punggolians who left punggol saying how bad it is.

If I’m the seller facing this issue, I would tell the potential buyer to fly kite and go over to SK grand or Jewel at Buangkok.

 

[momoeagle]

Saw the website on TV, sharing
http://ola.homes/

 

[Passerboy]

Saw the website on TV, sharing
http://ola.homes/

The adverts are on radio channels too. A Spanish theme EC.

Any background on the developers of this project?

 

[momoeagle]

The adverts are on radio channels too. A Spanish theme EC.

Any background on the developers of this project?

Evia Real Estate and Gamuda

Never really hear bad things before.

Evia's residential projects: https://evia.com.sg/residential/
Among them is Gem Residences

Gamuda is Malaysian developer. I don't know much.

I just know I don't like being too near hospital.

 

[sgpropertyblog]

Ola showflat may be open for viewing earlier than expected.. will update here again after our dev’s briefing on weds..

 

[antitrust]

Am thinking of going for this project but wondering about capital appreciation as this is the last EC project in that enclave - and all of them entered at a much lower psf.

 

[tanjiakpeng]

Ola seems to be splashing alot of money on TV advertising!

 

[momoeagle]

Am thinking of going for this project but wondering about capital appreciation as this is the last EC project in that enclave - and all of them entered at a much lower psf.

Was originally thinking as well.

Same concerns as you.

This will be the EC with the highest entry psf compared to the other 3, and nearest to the hospital compared to 2 of the previous EC.

Honestly, I put myself in the shoes of a would be buyer in the future, would I buy this over the others?

I have visited Bellewaters and Treasure Crest before. I don't really like Treasure Crest carpark, but I quite like Bellewaters (except the furnishings are that top notch).

If the prices were the same psf, I would not choose Ola for now, just for the proximity to hospital.

Bellewaters and Treasure Crest were launched below $800 psf. 10 years down the road, they could sell at $1k psf and make profit. An owner of Ola will struggle to sell it at $1.2k psf if want to make profit.

Unless really love staying near a hospital lor...

Of course, my mind is open to being convinced that my concerns are invalid.

 

[towkayray]

Damn low ses...I rather go to prison

 

[antitrust]

Was originally thinking as well.

Same concerns as you.

This will be the EC with the highest entry psf compared to the other 3, and nearest to the hospital compared to 2 of the previous EC.

Honestly, I put myself in the shoes of a would be buyer in the future, would I buy this over the others?

I have visited Bellewaters and Treasure Crest before. I don't really like Treasure Crest carpark, but I quite like Bellewaters (except the furnishings are that top notch).

If the prices were the same psf, I would not choose Ola for now, just for the proximity to hospital.

Bellewaters and Treasure Crest were launched below $800 psf. 10 years down the road, they could sell at $1k psf and make profit. An owner of Ola will struggle to sell it at $1.2k psf if want to make profit.

Unless really love staying near a hospital lor...

Of course, my mind is open to being convinced that my concerns are invalid.

For me I currently stay very very near to the site of Ola and it checks all the boxes for me:

- near in law's who just moved to fernvale (they look after my kid)
- near hospital - I see it as a pro more than a con. You actually dont hear sirens that much, in fact I'd say it's quite rare.
- nearby a new hawker centre that's being built at anchorvale village
- can dispose current BTO 6 months after TOP, save on rental and having to time and nego the move with both buyer and seller if buying resale condo
- I actually like living in this area very much!
- may be my last chance to buy a "discounted condo"

All the other ECs surrounding Ola will hit MOP by the time Ola TOP in 2023 - I wonder if that timing was on purpose, and would it help with resale value of Ola it being the newest on the lot. Buyers may be more attracted to new? And when it hits 10 years, the surrounding ECs will be "oldish" at 15 years. Even Rivercove (900psf) is gonna TOP this year.

I wonder then would buyers compare Ola to Parc Botannia (~1300psf, TOP 2020) given the age of these 2 developments..

The two empty plots nearby have been zoned for schools as well. Maybe Ola will be able to ride on that for capital appreciation too?

 

[spiritGate]

If Ola selling price psf is $950 or more, not worth it at all. This area surrounded by flats and very little amenities. But if you like this area then can go ahead

 

[SBC]

Depends on Ola Ola for developer or buyers.

 

[WarChild86]

For those who’s buying OLA EC should really look beyond capital appreciation. You should really like this place and all the pros listed by yourself.

Even if the price stagnant and doesn’t appreciate, you should be able to convince yourself that I bought this for own stay. So what if prices drop / doesn’t appreciate. That should be the mentality when going for such a project.

 

[sgpropertyblog]

Ola seems to be splashing alot of money on TV advertising!

Yes! Dev committed to 3 mths extensive marketing , so u will be seeing a lot of ads on Ola

 

[sgpropertyblog]

For those who’s buying OLA EC should really look beyond capital appreciation. You should really like this place and all the pros listed by yourself.

Even if the price stagnant and doesn’t appreciate, you should be able to convince yourself that I bought this for own stay. So what if prices drop / doesn’t appreciate. That should be the mentality when going for such a project.

The bounced out units at Treasure Crest ady transacted at $1097-$1100psf last year..So chances of depreciation is very low.. Anyway, Singapore past ECs statistic shows that all ECs that MOP has profitable transaction and zero non-profitable (please dun compare resale ECs).

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[bolster]

http://www.ytreporp.com/floorplan.php

Before you buy the EC, compare the floorplan between Parc Canberra and Ola!