Ola Residences
Mountbatten Road · District 15 · Rest of Central Region (RCR) · Freehold
Ola Residences is a condominium development in District 15 (RCR). Based on 11 URA-recorded transactions from 2021–2025, its median price is $3,034,000, with prices moving about -2.9%/yr.
The verdict · for an investor
Ola Residences · Condominium · District 15 · Freehold
Ola Residences is a mixed picture — a real case, with real caveats.
There's a genuine case here, but weigh the caveats below before you commit — the fundamentals and the record don't all point the same way.
Why it's pushing up
What matters most for you
- Convenient — MRT about 12 min on foot; 10 supermarkets, 5 food & retail spots nearby.
- Rentable — steady rental demand; transport and schools nearby keep tenants coming.
And what makes it better
- A Primary-1 priority school within 1km — a real family draw.
What's holding it back
- The 5-bed has lagged (−11.2%).
- MRT is a real walk — Tanjong Katong MRT, about 12 min.
- The market's near the top of its cycle — mind your entry price.
Should I buy?
There's a case — weigh the caveats first.
Rental yield
no rent record yet
Priced vs nearby
priced under the walkable neighbours.
Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.
If you’re buying — the outlook
Ola Residences
Rest of Central Region (RCR) · District 15 · ~$1,466 psf
Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Ola Residences, its own prices have been flat lately. Over a 4-year hold, expect sideways-to-modest — not a big jump.
On balance, the wind is roughly even.
What it means for you: At ~$1,466 psf, Ola Residences is priced below similar new projects nearby — good value against its peers. Its own prices are only creeping up (~-2.9%/yr over ~4 years). The real watch-out: about 2,896 brand-new units come up for sale in this district by 2028 — direct competition for when you sell. Buying near the top of the cycle just as that lands can cap your gains. So — use the incoming supply as your reason to negotiate the price down now, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.
The signals behind it
Dots show how much weight each one carries.
Holds prices back
Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.
Holds prices back
Ola Residences's own prices have softened — about -15% in the latest year.
About neutral
The city fringe (RCR) sits in the middle of the three areas on long-run growth.
Holds prices back
The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.
Supports prices
Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.
Supports prices
Against salaries, prices aren't expensive by past standards — people can still afford to buy.
Supports prices
Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.
Holds prices back
About 2,896 new units are still unsold in this district, with the first big batch finishing around 2028 — plenty of fresh supply that can hold prices and rents back.
Supports prices
New launches in this district are selling well — 15 recent ones are around 91% sold, so buyer demand here is healthy right now.
Holds prices back · small effect
The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.
Holds prices back · small effect
Foreign buyers are almost gone since the 60% tax (~1.4% of buyers) — a small drag on the city fringe.
About neutral
Rents across Singapore have flattened out lately.
Supports prices · small effect
There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.
Supports prices · small effect
The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.
Supports prices · small effect
Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.
Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.
How far could it go — and when?
Is the price high? ~$1,466 psf is ~46% below similar nearby projects (~$2,728). good value
(The whole city fringe average is ~$1,830 psf — but that lumps in older stock, so we compare like with like, not against that.)
What’s realistic here? Its own record and its real neighbours — not the market.
Ola Residences has grown ~-2.9%/yr over ~4 years. Similar nearby: Grand Dunman 5.5%, Emerald Of Katong 6.3%, The Continuum -2.1%, Tembusu Grand 5.6%, Liv @ Mb 3.1% — a -2.1–6.3%/yr spread (most around 5.5%).
You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.
What price per sqft are you hoping to sell at one day?
Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.
Median price
$3,034,000
2021–2025 (URA)
Appreciation
-2.9%/yr
median trend
Gross yield
—
rental n/a
Lease
Freehold
Ola Residences median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does Ola Residences fit your budget?
GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.
Plan your purchase →Units for sale at Ola Residences
Questions people ask about Ola Residences
Is Ola Residences freehold or leasehold?
Ola Residences is a freehold development in District 15 (Rest of Central Region (RCR)). Freehold means there is no lease running down.
How much does Ola Residences cost per square foot?
Recent transactions at Ola Residences are around $1,466 psf. Across its record, transacted prices range from $1,060,000 to $4,750,000.
Which primary schools are near Ola Residences?
Within 1 km (top Primary 1 priority): Tanjong Katong Primary School (0.25 km). Within 1–2 km: Haig Girls' School, Chij (katong) Primary, Tao Nan School. Distances are straight-line — the basis MOE uses for P1 priority.
Which MRT station is nearest Ola Residences?
The nearest MRT is Tanjong Katong MRT, about 430 m away (straight-line).
Has Ola Residences gone up in value?
Across 11 URA-recorded transactions (2021–2025), prices at Ola Residences have moved about -2.9% a year on average. That is a past record, not a forecast.
What condos are comparable to Ola Residences?
Within a short walk: One Amber, The Esta, Emerald Of Katong, Amber House, Amber Park. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is Ola Residences a good buy?
Ola Residences sits in Rest of Central Region (RCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.