Ola
The ground under it was tendered in 2018. Both ends of that are public; nobody puts them together.
The land under Ola
HDB put this parcel out to tender and names Ola as what was built on it. Everything below is from that tender: the dates, the winning price, and the number of bids received.
- Tender launched10 Aug 2018
- Tender closed14 Sep 20187 bids received
- Awarded27 Sep 2018Evia Real Estate (8) Pte Ltd & Gamuda (Singapore) Pte Ltd
- Winning tenderS$318,888,899S$6,203 per sq m of gross floor area · S$576 per sq ft
- Parcel
- Sengkang E18 Anchorvale Crescent
- Site area
- 17,137 sq m
- Lease
- 99 yrs
- Plot ratio
- 3
- Gross floor area
- 51,412 sq m
- Sold as
- EC
What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.
Source: HDB — Sites Sold by HDB · tender awarded 27 Sep 2018 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “OLA”. This parcel, from tender to today · Every land sale
What has been filed there since
Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.
Year by year, for a median-sized unit
| Year | Median psf | Against the year before |
|---|---|---|
| 2021 | $1,181 (19) | — |
| 2022 | $1,233 (5) | +4.4% |
| 2025 | $1,801 (1) | +46.1% |
The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.