PropKaki
FreeholdRCRDistrict 15 (Marine Parade)

Ola Residences

Reviewed by Nathan TangUpdated 24 September 2026Data through Aug 2026 (URA)
Quick Summary

Ola Residences is a freehold condominium in District 15 (Marine Parade) that obtained TOP in 2011, with 50 units across 3 blocks. Across 97 transactions on record, units have recently transacted around S$3.03M (S$1,548 psf, ~1,916 sqft). There are 13 units for sale from S$1.38M to S$4.88M.

Key facts about Ola Residences
TenureFreehold
TOP year2011
DeveloperMOUNTBATTEN DEVELOPMENT PTE LTD
Units50 in 3 blocks
District and areaDistrict 15 · Marine Parade · RCR
Nearest MRTTanjong Katong MRT, 451 m (~7 min walk)
Latest median psfS$1,548 psf, last 12 URA caveats to Aug 2026
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1

What's for sale and for rent at Ola Residences?

Key Takeaway

Ola Residences has 13 units listed for sale, asking S$1.38M to S$4.88M (median S$1,683 psf), and 2 units for rent at a median of S$1,500 a month.

For sale

13 listings

S$1.38M – S$4.88M

For rent

2 listings

S$1,500 – S$1,500 a month

BedroomsFor saleAsking priceMedian PSF
2-bedroom7S$1.50M–S$2.85MS$1,818 psf
3-bedroom3S$1.38M–S$2.50M—
4-bedroom3S$2.20M–S$4.88MS$1,683 psf

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Ola Residences?

Key Takeaway

Floor plans for Ola Residences aren't in PropKaki's library yet. Across 97 URA caveats, units range from 732 sqft to 3,240 sqft, and the middle half are 990 sqft to 1,927 sqft.

Unit typeSizes listed for saleAsking from
2-bedroom926 sqft to 1,410 sqftS$1.50M · S$1,818 psf
3-bedroom926 sqft to 1,722 sqftS$1.38M
4-bedroom1,389 sqft to 2,900 sqftS$2.20M · S$1,683 psf

Check the Floor Plan Finder for Ola Residences →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at Ola Residences?

Key Takeaway

Units have recently transacted around S$3.03M (S$1,548 psf), at a gross rental yield of about 1.9% (URA caveat data).

Recent median price

S$3.03M

recent · 97 sales on record

Median PSF

S$1,548 psf

recent transactions

Median rent (monthly)

S$4,776

162 rentals on record

Gross rental yield

1.9%

indicative, gross

Units currently for sale are asking a median of S$1,683 psf — about 9% above the most recent transacted PSF.

Source: URA caveat data, through Aug 2026.

4

What has recently sold at Ola Residences?

Key Takeaway

Ola Residences has 97 recorded sales; the most recent transacted at S$4,550,000 in Aug 2026 (URA caveat data).

DatePriceSize (sqft)PSF
Aug 2026S$4,550,0002,939S$1,548 psf
Sept 2025S$4,750,0003,240S$1,466 psf
Aug 2025S$4,000,0003,229S$1,239 psf
Apr 2025S$4,310,0002,164S$1,992 psf
Dec 2024S$4,408,8882,874S$1,534 psf
Jul 2024S$2,960,0001,550S$1,910 psf
Jul 2023S$2,248,0001,442S$1,559 psf
Jun 2022S$1,060,000732S$1,448 psf
Dec 2021S$3,300,0001,927S$1,713 psf
Nov 2021S$1,450,0001,001S$1,448 psf
Oct 2021S$2,700,0001,636S$1,650 psf
Jul 2021S$3,034,0001,916S$1,584 psf

97 sales and 162 rentals on record since Aug 2008. Source: URA.

5

Are prices at Ola Residences rising?

Key Takeaway

The median transacted PSF at Ola Residences has risen 5% over the past 12 years (2013–2025), from S$1,397 psf to S$1,466 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2025S$1,466 psfS$4.31M3-4.4%
2024S$1,534 psfS$2.96M2-3.2%
2021S$1,584 psfS$3.03M5+7.8%
2020S$1,470 psfS$1.08M2+46.0%
2019S$1,007 psfS$1.42M4-23.9%
2018S$1,323 psfS$1.15M2+8.6%
2017S$1,218 psfS$2.33M3-7.9%
2016S$1,323 psfS$2.05M3+32.6%
2015S$998 psfS$1.44M2-28.6%
2013S$1,397 psfS$1.43M2—

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is Ola Residences a good investment?

Key Takeaway

Of 46 units at Ola Residences that were bought and later resold (bought from 2008, resold up to 2026), 100% sold for more than they were bought for, with a median gain of 24% over a median 5.5-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 1.9%. Units listed now ask about 9% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Sold for more than bought

100%

of 46 resales here

Median gain

24%

gross, before costs

Median hold

5.5 years

bought to resold

Every unit at Ola Residences with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →

7

Where is Ola Residences and what's nearby?

Key Takeaway

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.

8

How far is Ola Residences from MRT and schools?

Key Takeaway

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

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

Mall: Katong V · 425 mSupermarket: Chee Min Kuan, Simon · 305 mHawker centre: Dunman Food Centre · 777 mPark: Tanjong Katong Rd South Pg · 371 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built Ola Residences and how big is the development?

Key Takeaway

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
10

What facilities does Ola Residences have?

Key Takeaway

Ola Residences has 8 facilities, including Barbeque Area, Basement car park, Gymnasium room, Jacuzzi, and more.

Barbeque AreaBasement car parkGymnasium roomJacuzziPlaygroundSauna24 hours securitySwimming pool
11

What does it cost to own a unit at Ola Residences?

Key Takeaway

Buying a unit at Ola Residences (~S$3.03M) needs about S$22,210/mo in income and S$10,218/mo in repayments, after S$121,640 stamp duty and a S$759k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$3.03M) 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$121,640

BSD, tiered

Downpayment (25%)

S$759k

cash + CPF

Monthly instalment

S$10,218/mo

30y @ 3.5%

Income required

S$22,210/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

12

How many property agents are active around Ola Residences?

Key Takeaway

9,527 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

9,527

District 15 · closed ≥1 deal

Deals on record

60,936

all-time · all property types

Source: CEA public transaction records, attributed to District 15 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

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.

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Is Ola Residences a good buy, and what are units selling for?

Recent units at Ola Residences sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
13

Frequently asked questions about Ola Residences

Is Ola Residences freehold?⌄

Yes. Ola Residences is freehold, so ownership does not run out.

How old is Ola Residences?⌄

Ola Residences was completed (obtained TOP) in 2011, so it is about 15 years old.

Is Ola Residences a good investment?⌄

Of 46 units at Ola Residences that were bought and later resold (bought from 2008, resold up to 2026), 100% sold for more than they were bought for, with a median gain of 24% over a median 5.5-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 1.9%. Units listed now ask about 9% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Ola Residences an EC?⌄

No. Ola Residences is a private condominium, not an executive condominium (EC).

Who is the developer of Ola Residences?⌄

Ola Residences was developed by MOUNTBATTEN DEVELOPMENT PTE LTD.

What is the price of a condo at Ola Residences?⌄

Units at Ola Residences have recently sold for around S$3.03M (S$1,548 psf), the median of the last 12 URA caveats to Aug 2026. The price depends on size, floor and facing. 13 units are listed for sale from S$1.38M to S$4.88M.

Where is Ola Residences located?⌄

Ola Residences is at 841 Mountbatten Road, Singapore 437830, in Marine Parade (District 15). The nearest MRT station is Tanjong Katong MRT, about 451 m away.

How many units are there in Ola Residences?⌄

Ola Residences has 50 units in 3 blocks.

How much do I need to earn to buy at Ola Residences?⌄

For a unit around S$3.03M as a first home, you'd need roughly S$22,210/mo in income (assessed at the stress-test rate), with repayments near S$10,218/mo after a S$759k (25%) downpayment and S$121,640 Buyer's Stamp Duty.

Are prices at Ola Residences going up?⌄

The median price per square foot at Ola Residences has risen about 5% between 2013 and 2025, based on URA caveats. The year-by-year figures are in the price-trend table above.

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 get priority in Primary 1 (P1) registration.