Ola Residences
Ola Residences is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Rest of Central Region (RCR). The development was completed in 2012 and comprises 50 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
OLA RESIDENCES is a freehold condominium at MOUNTBATTEN ROAD in District 15 (RCR), developed by MOUNTBATTEN DEVELOPMENT PTE LTD (LIAN BENG GROUP), comprising 50 units, completed in 2012.
Location & Connectivity
OLA RESIDENCES is approximately 560m from Tanjong Katong MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanjong Katong | Thomson-East Coast Line | 560m |
| Marine Parade | Thomson-East Coast Line | 780m |
| Dakota | Circle Line | 1.3 km |
Schools & Education
14 schools within 2 km (8 within 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 |
Unit Mix & Pricing
| 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 |
Market Position
OLA RESIDENCES has recorded 12 sales at an average price of $3,151,741.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at OLA RESIDENCES typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 2 BR | $4,130/mo | $1,060,000 | 4.68% | $390/mo |
| 3 BR | $7,367/mo | $1,450,000 | 6.10% | $508/mo |
| 4 BR | $10,250/mo | $2,636,000 | 4.67% | $389/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 5 | $1,502 psf | — |
| 2022 | 1 | $1,448 psf | ↓ 3.6% |
| 2023 | 1 | $1,559 psf | ↑ 7.6% |
| 2024 | 2 | $1,722 psf | ↑ 10.5% |
| 2025 | 3 | $1,566 psf | ↓ 9.1% |
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From the 2024 high, OLA RESIDENCES prices have given back 9.1% — still 4.2% above the 2021 baseline.
Price Index Check
The ShiokNest Price Index for District 15 reads 110.5 as of June 2026 — down 9.3% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 913 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 783 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 645 |
| AMBER PARK | Freehold | $2,549 psf | 397 |
What Could Work Against You
- With just 2 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 50-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits families with young children, car-owning households, international school families and long-term hold (10+ yr) best. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
yield-focused investors and short-term flippers (<5 yr) should probably look elsewhere. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
OLA RESIDENCES is a freehold development in District 15 (RCR), with 50 units, offering a gross yield of 2.2%.
At ~$1,566 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full OLA RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing OLA RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (770m away), an upgrader gap of about $2,500,000
- Geylang — 4-room average $761,443 (930m away), an upgrader gap of about $2,400,000
- Kallang/whampoa — 4-room average $882,887 (1.7 km away), an upgrader gap of about $2,250,000
FAQ
What is the average PSF for OLA RESIDENCES?
Is OLA RESIDENCES freehold?
What is the rental yield for OLA RESIDENCES?
Which MRT is nearest to OLA RESIDENCES?
Sources & Next Steps
- OLA RESIDENCES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 neighbourhood guide
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
- Rental data: 58 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Sep 2025 · 12 records analysed · Source: URA private-sale caveats