We track 12 sales and 54 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the OLA RESIDENCES dashboard.
- Average sale price: $3,151,741 across 12 transactions
- Estimated gross rental yield: 2.3%
- District 15 PSF ranking: Above average (top 47%)
- Freehold tenure · RCR · D15 · 50 units
About OLA RESIDENCES
OLA RESIDENCES is a freehold condominium, located at MOUNTBATTEN ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by MOUNTBATTEN DEVELOPMENT PTE LTD (LIAN BENG GROUP), comprising 50 residential units, completed in 2012.
As a freehold property, OLA RESIDENCES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at OLA RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $1,448 psf | $1,060,000 |
| 3 BR | 1 | $1,448 psf | $1,450,000 |
| 4 BR | 3 | $1,706 psf | $2,636,000 |
| 5+ BR | 7 | $1,520 psf | $3,914,698 |
Sales Market Overview
OLA RESIDENCES has recorded 12 sale transactions with an average transaction price of $3,151,741, ranging from $1,060,000 to $4,750,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,502 psf | $2,816,800 | — |
| 2022 | 1 | $1,448 psf | $1,060,000 | ↓ 3.6% |
| 2023 | 1 | $1,559 psf | $2,248,000 | ↑ 7.6% |
| 2024 | 2 | $1,722 psf | $3,684,444 | ↑ 10.5% |
| 2025 | 3 | $1,566 psf | $4,353,333 | ↓ 9.1% |
OLA RESIDENCES ranks in the top 47% of condos in District 15 by average PSF.
Compared to the RCR average of $2,049 psf, OLA RESIDENCES trades 24.1% below the segment benchmark.
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Rental Market Overview
OLA RESIDENCES has recorded 54 rental transactions with monthly rents averaging $5,943/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 4 | $3,225/mo | $2,700/mo | $3,800/mo |
| 2 BR | 24 | $4,123/mo | $3,300/mo | $5,100/mo |
| 3 BR | 20 | $7,378/mo | $5,400/mo | $11,000/mo |
| 4 BR | 6 | $10,250/mo | $9,000/mo | $11,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 14 | $4,718/mo |
| 2022 | 4 | $5,425/mo |
| 2023 | 12 | $6,758/mo |
| 2024 | 11 | $6,232/mo |
| 2025 | 11 | $6,491/mo |
| 2026 | 2 | $6,050/mo |
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Investment Analysis
Based on average rents and sale prices, OLA RESIDENCES delivers an estimated gross rental yield of 2.3%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows OLA RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- OLA RESIDENCES
- Tanjong Katong MRT
- Marine Parade MRT
- Dakota MRT
- CHIJ (Katong) Primary
- Tanjong Katong Primary School
- Tao Nan School
Nearby MRT Stations
OLA RESIDENCES is 560m from Tanjong Katong MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Tanjong Katong | TE25 | Thomson-East Coast Line | 560m |
| Marine Parade | TE26 | Thomson-East Coast Line | 780m |
| Dakota | CC8 | Circle Line | 1.3 km |
Nearby Schools
There are 14 schools within 2 km of OLA RESIDENCES, including 8 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ (Katong) Primary | Primary | 350m |
| Tanjong Katong Primary School | Primary | 430m |
| Tao Nan School | Primary | 470m |
| Broadrick Secondary School | Secondary | 600m |
| EtonHouse International School (Broadrick) | International | 600m |
| Canadian International School (Tanjong Katong) | International | 610m |
| Tanjong Katong Girls' School | Secondary | 680m |
| Haig Girls' School | Primary | 890m |
| Canossa Catholic Primary School | Primary | 1.6 km |
| Geylang Methodist School (Secondary) | Secondary | 1.6 km |
| Kong Hwa School | Primary | 1.6 km |
| Geylang Methodist School (Primary) | Primary | 1.8 km |
FAQ
What is the average price for OLA RESIDENCES?
What is the rental yield for OLA RESIDENCES?
Is OLA RESIDENCES freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 12 transactions analysed
- Rental data: 54 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for OLA RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.