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Image source: olaeclaunch.com

Gamuda Land has on the 20th of March stated that their Singaporean property development joint venture project with Evia Real Estate (7) Pte Ltd has been oversubscribed. As of the day of the statement they had received 1,163 electronic applications from prospective buyers.

Coined as OLA, the upcoming Singaporean development will comprise an Executive Condominium with a total of 548 units. The property is primely located along Anchorvale Crescent in Sengkang.

Said Gamuda Land in a statement, "Since the e-application, which started on 15 February 2020, the number of e-applications have climbed to 1,163, compared to the available units of 548. OLA is a Spanish-themed executive condominium that offers 548 units of two to five bedrooms ranging from 775 sf to 1,722 sf. OLA is slated for completion in 2023.”

The Chairman of Gamuda Land, Datuk Chow Chee Wah, stated that the Group’s decision to launch OLA comes from their understanding of Singaporeans’ interest in purchasing Executive Condominiums due to their affordability.

Said Chow, "Coupled with OLA’s good location and design, plus ample condo facilities, it makes OLA the perfect place to call home.”


(26 March 2020)

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Interesting to know that people are receptive to e-application to purchase homes at least from primary projects. Probably the perceived trust and reliability of Singapore developers are stronger.