Ola Residences
Ola Residences is a freehold condominium in District 15 (Marine Parade) that obtained TOP in 2011, with 50 units across 3 blocks. Across 643 transactions on record, units have recently transacted around S$1.90M (S$1,559 psf, ~1,055 sqft). There are 9 units for sale from S$1.80M to S$4.88M.
What are the key facts about Ola Residences?
Ola Residences is a freehold condominium in District 15 (Marine Parade) that obtained TOP in 2011, with 50 units across 3 blocks.
- Tenure
- Freehold
- TOP / Completion
- 2011
- Developer
- MOUNTBATTEN DEVELOPMENT PTE LTD
- Total units
- 50
- Blocks
- 3
- District / Area
- District 15 (Marine Parade)
- Market segment
- RCR
- Median PSF
- S$1,559 psf
- Last transacted
- Apr 2026
- Remaining lease
- Freehold
What is the price and PSF at Ola Residences?
Units have recently transacted around S$1.90M (S$1,559 psf), at a gross rental yield of about 3.0% (URA caveat data).
Recent median price
S$1.90M
recent · 643 sales on record
Median PSF
S$1,559 psf
recent transactions
Median rent (monthly)
S$4,779
163 rentals on record
Gross rental yield
3.0%
indicative, gross
Units currently for sale are asking a median of S$1,818 psf — about 17% above the most recent transacted PSF.
Source: URA caveat data, through Apr 2026.
What has recently sold at Ola Residences?
Ola Residences has 643 recorded sales; the most recent transacted at S$1,628,888 in Apr 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Apr 2026 | S$1,628,888 | 926 | S$1,760 psf |
| Nov 2025 | S$1,520,888 | 926 | S$1,643 psf |
| Sept 2025 | S$4,750,000 | 3,240 | S$1,466 psf |
| Aug 2025 | S$4,000,000 | 3,229 | S$1,239 psf |
| Aug 2025 | S$1,900,000 | 1,055 | S$1,801 psf |
| Apr 2025 | S$4,310,000 | 2,164 | S$1,992 psf |
| Dec 2024 | S$4,408,888 | 2,874 | S$1,534 psf |
| Nov 2024 | S$1,491,000 | 926 | S$1,611 psf |
| Jul 2024 | S$2,960,000 | 1,550 | S$1,910 psf |
| Jul 2023 | S$2,248,000 | 1,442 | S$1,559 psf |
| Dec 2022 | S$1,253,000 | 947 | S$1,323 psf |
| Dec 2022 | S$1,530,000 | 1,055 | S$1,450 psf |
643 sales and 163 rentals on record since Aug 2008. Source: URA.
Are prices at Ola Residences rising?
The median transacted PSF at Ola Residences has risen 65% over the past 10 years (2015–2025), from S$998 psf to S$1,643 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2025 | S$1,643 psf | S$4.00M | 5 | +2.0% |
| 2024 | S$1,611 psf | S$2.96M | 3 | +31.6% |
| 2022 | S$1,224 psf | S$1.30M | 28 | +6.4% |
| 2021 | S$1,150 psf | S$1.14M | 319 | +1.8% |
| 2020 | S$1,130 psf | S$1.22M | 204 | +12.2% |
| 2019 | S$1,007 psf | S$1.42M | 4 | -23.9% |
| 2018 | S$1,323 psf | S$1.15M | 2 | +8.6% |
| 2017 | S$1,218 psf | S$2.33M | 3 | -7.9% |
| 2016 | S$1,323 psf | S$2.05M | 3 | +32.6% |
| 2015 | S$998 psf | S$1.44M | 2 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around Ola Residences?
9,526 CEA-registered agents closed at least one recorded deal in District 15 — where Ola Residences sits — in the last 12 months, across all property types.
Active agents · 12mo
9,526
District 15 · closed ≥1 deal
Deals on record
60,896
all-time · all property types
Source: CEA public transaction records, attributed to District 15across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
What bedroom types are available at Ola Residences?
Ola Residences has 9 units listed for sale, spanning 2–4-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 2-bedroom | 6 | S$1.80M–S$2.48M | S$1,818 psf |
| 3-bedroom | 1 | S$1.95M–S$1.95M | — |
| 4-bedroom | 2 | S$4.88M–S$4.88M | — |
Where is Ola Residences and what's nearby?
Ola Residences is located in Marine Parade, in the Central Region of Singapore.
Ola Residences is a freehold condominium completed in 2011. It was developed by MOUNTBATTEN DEVELOPMENT PTE LTD. The development has 50 residential units. It sits on a land area of 4,442 sqm and has a gross floor area of 6,219 sqm. The plot ratio is 1.4.
OLA RESIDENCES is located at 841 Mountbatten Road, Singapore 437830. It is part of District 15, Katong / Joo Chiat / Amber Road, Marine Parade. The project falls within the Central Region and the RCR market segment.
The nearest rail connection is Tanjong Katong MRT, approximately 451m away, around 7 minutes on foot. Nearby amenities include Katong V for shopping, CHEE MIN KUAN, SIMON for groceries, Dunman Food Centre for food options, and Tanjong Katong Rd South Pg for greenery and recreation. Facilities in the development include Barbeque Area, Basement car park, Gymnasium room, Jacuzzi, Playground, and Sauna.
Who built Ola Residences and how big is the development?
Ola Residences was developed by MOUNTBATTEN DEVELOPMENT PTE LTD, designed by ONG & ONG PTE LTD, with 50 units.
- Developer
- MOUNTBATTEN DEVELOPMENT PTE LTD
- Architect
- ONG & ONG PTE LTD
- Main contractor
- DEENN ENGINEERING PTE LTD
- Blocks
- 3
- Land area
- 4,442 sqm (47,813 sqft)
- Gross floor area
- 6,219 sqm (66,941 sqft)
- Plot ratio
- 1.40
How far is Ola Residences from MRT and schools?
The nearest MRT/LRT to Ola Residences is Tanjong Katong MRT, about 451 m away (~7 min walk). 4 schools are within 1 km, including 1 primary school.
Getting around
- Tanjong Katong MRT451 m · ~7 min
- Marine Parade MRT652 m · ~10 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Tanjong Katong Primary SchoolPrimary schoolwithin 1 km · P1 priority279 m
- Tanjong Katong Secondary SchoolSecondary schoolwithin 1 km675 m
- Tanjong Katong Girls' SchoolSecondary schoolwithin 1 km689 m
- Chung Cheng High School (Main)Secondary schoolwithin 1 km864 m
- Haig Girls' SchoolPrimary school1.1 km
- Chij (Katong) PrimaryPrimary school1.4 km
- Tao Nan SchoolPrimary school1.4 km
- Broadrick Secondary SchoolSecondary school1.4 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does Ola Residences have?
Ola Residences has 8 facilities, including Barbeque Area, Basement car park, Gymnasium room, Jacuzzi, and more.
What does it cost to own a unit at Ola Residences?
Buying a unit at Ola Residences (~S$1.90M) needs about S$13,909/mo in income and S$6,399/mo in repayments, after S$64,600 stamp duty and a S$475k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.90M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$64,600
BSD, tiered
Downpayment (25%)
S$475k
cash + CPF
Monthly instalment
S$6,399/mo
30y @ 3.5%
Income required
S$13,909/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about Ola Residences? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Ola Residences's own transactions.
PropKakiRecent units at Ola Residences sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Ola Residences
How much does a unit at Ola Residences cost?⌄
Units at Ola Residences have recently transacted around S$1.90M (S$1,559 psf), from 643 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at Ola Residences?⌄
For a unit around S$1.90M as a first home, you'd need roughly S$13,909/mo in income (assessed at the stress-test rate), with repayments near S$6,399/mo after a S$475k (25%) downpayment and S$64,600 Buyer's Stamp Duty.
Is Ola Residences a good investment?⌄
Gross rental yield is about 3.0%, and current asking prices sit about 17% above the most recent transacted PSF; median PSF has risen about 65% since 2015. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.
Are prices at Ola Residences going up?⌄
The median transacted PSF at Ola Residences has risen about 65% between 2015 and 2025, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Ola Residences freehold or leasehold?⌄
Ola Residences is freehold — ownership does not expire.
When was Ola Residences built and who developed it?⌄
Ola Residences obtained TOP in 2011, developed by MOUNTBATTEN DEVELOPMENT PTE LTD, with 50 units across 3 blocks.
How many units are for sale at Ola Residences?⌄
There are 9 units for sale at Ola Residences, from S$1.80M to S$4.88M.
What is the nearest MRT to Ola Residences?⌄
The nearest MRT/LRT station to Ola Residences is Tanjong Katong MRT, about 451 m away (~7 min walk).
Which primary schools are within 1 km of Ola Residences?⌄
Tanjong Katong Primary School is within 1 km of Ola Residences — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.