Gamuda Land's OLÁ executive condominium (EC) in Sengkang, Singapore has received over 1,100 registrations online since the e-application started on Feb 15.
Its chairman Datuk Chow Chee Wah said OLÁ continues to thrive in the property market despite the current Covid-19 pandemic and economic uncertainties.
Gamuda Land decided to launch OLÁ as Singaporeans anticipate ECs due to its notion of affordability, he said.
OLÁ is a Spanish-themed development that offers 548 units of two to five bedroom ECs ranging from 775 sq ft to 1,722 sq ft.
It was reported that prices for the two-bedroom units will start from $1,100 per square ft (psf) while the five-bedders are from $1,154 psf.
Chow said the EC concept coupled with the location and design plus ample condo facilities makes OLÁ attractive.
He said the Housing Development Board (HDB) of Singapore is currently going through e-balloting exercise.
OLÁ is Gamuda Land's second project in the island city state and it is slated for completion in 2023. It is a joint-venture (JV) development with Evia Real Estate (7) Pte Ltd.
“Our partnership with Evia has been a good one as we share fundamental development principles that are important to both parties, such as putting the community in the centre of our planning as well as respecting nature and the environment when we develop," said Chow.
OLÁ features a handcrafted chandelier and porcelain ornaments from Lladro, the Spanish manufacturer of ceramic figurines, as well as paintings of children and families by Spanish artist Eva Armisen, keeping in line with its Spanish design theme.
Chow said the design inspiration for OLÁ is in line with the Spanish’s love for community living whereby a variety of community gathering places have been mindfully planned for people to get together and neighbours to know one another. These include a bar, a club and lounge as well as a studio and gym.
Residents will also enjoy lush greenery drawn from the surrounding nature and foliage at Sengkang Riverside Park. The landscaping will include a valley walk, a biodiversity pond, a sensory garden and a forest stream deck.