When Bishan Loft, a 384-unit executive condo on Bishan Street 11, launched for sale in 2001, Singapore’s property market was recovering from the fallout of the Asian Financial Crisis and sentiment among local homeowners was still cautious. But at the same time, new ECs – especially those located in a mature town like Bishan – were highly sought-after due to its central location and proximity to amenities.
Back then, most EC buyers didn’t purchase an EC unit for a potential ‘windfall’ when they eventually sold it on the resale market. Most buyers were owner-occupiers. Today, a good number of new EC owners expect to reap substantial profits when an EC hits the resale market.
Completed in September 2003, Bishan Loft is an excellent example of these earlier-generation ECs. Here’s a look at how it has performed over the years, from launch through to privatisation and the present.
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