How A Once “Ulu” Condo Launched In 1997 Became A Top Performer

When Aquarius By The Park launched in October 1997 it was a real challenge for the developer and its marketing agents. The 99-year leasehold project on Bedok Reservoir View in District 16 entered the market just three months after a currency crisis in Thailand kicked off the Asian Financial Crisis.

In Singapore, the Asian Financial Crisis had a severe impact on buyer confidence at the time. This compounded the challenge that faced the launch of Aquarius By The Park, which was located in a relatively inaccessible part of Bedok back then. It was far from most of the stations on the East-West Line (EWL), namely Bedok and Tanah Merah stations. Today, Aquarius By The Park is about 400m to Bedok Reservoir MRT station on the Downtown Line (DTL), after the station opened in 2017.

But when the development launched for sale more than 28 years ago, the concept of the DTL didn’t exist. Most of the original owners of the condo assumed that the public transport accessibility at the project might never change. So, this condo had to be sold on the basis of being in a tranquil and peaceful setting, which some read as a very “ulu” area.

Fast forward to today and the 720-unit Aquarius By The Park is one of the top performing condos in District 16. It enjoys proximity to Bedok Reservoir station, which is two stops away from Tampines Interchange on the DTL and EWL and the commercial and retail hub for the area. The condo is also within walking distance of many primary schools such as Red Swastika, Yu Neng Primary, and St. Anthony’s Canossian.

Let’s take a deep dive into how Aquarius By The Park defied expectations:

A quick note on methodology

For this analysis, we looked at units that were purchased in 2014 and were held by the same owner until the unit was sold in 2025. We also focused only on projects with at least five resale transactions in 2025 to avoid distortions from outliers.

Let’s look at Aquarius By The Park’s performance from its launch date in 1997, through to Q3 2025:

This development has a long transaction history that dates to the Asian Financial Crisis, and its average price performance reflects an uneven pattern rather than straight-line growth.