Cuscaden Reserve On The Move

28 Mar, 2020: Cuscaden Reserve sell from $3300psf. 1-bedroom + study start from $2.36mil, 2-bedroom start from $2.77mil，2-bedroom +study start from $3.31mil，3-bedroom + study start from $4.21mil.

1 Jun, 2019: Cuscaden Reserve expected to open to the public for preview, unit mix includes from 1-bedroom + study to 3-bedroom +study +private lift.

28 Apr, 2018: the  land parcel of Cuscaden Reserve was sold to the consortium of SC Global Developments, New World Development and Far East Consortium. The highest bid was $410 million, equivalent to $2377psf ppr. All the nine bidders have offered the bid prices over $2,000psf given the rare empty land available for development in Orchard Boulevard and Cuscaden area.

Cuscaden Reserve | Luxury Condo In Prime District 10 and Orchard Road

Cuscaden Reserve | Location and Amenities

Cuscaden Reserve is located between Orchard Boulevard and Cascaden Road, one of Singapore’s most prestigious residential region. Besides its closeness to the upcoming Orchard Boulevard MRT on the Thomson East-Coast Line. The new condo is within the easy reach of the Orchard Road shopping district, which is a popular shopping mall with many major high-end shopping malls and internationally renowned hotels.

Orchard Road is the equivalent of Singapore, Champs Elysees in Paris, Fifth Avenue in New York, Ginza in Tokyo, Nanjing Road in Shanghai. This prestigious shopping street is less than a five-minute walk from Cuscaden Reserve. The new condo are surrounded by international brands, high-end shopping malls and luxury hotels.

The famous Orchard Road shopping street in Singapore is set to be upgraded even further in the near future. When the street is fully implemented, Cuscaden Reserve residents will be able to enjoy a dignified and elegant lifestyle and be adjacent to the splendid Tanglin and Orchard Road bustling downtown. Once it blends art, entertainment and shopping, Orchard Road is bound to become the artery of life in this dazzling eastern metropolis.

There is some bus stop at the downstairs of Cuscaden Reserve, for easy access to the city and the entire island.  The condo residents will enjoy the romance and warmth of a tropical park and a natural oxygen bar from Singapore Botanical Gardens, a World Natural Heritage Site. It is just less than a 10-minute drive from Cuscaden Reserve.  The iconic Marina Bay Sands and the bustling financial district of Raffles are less than a 15-minute drive away.

Cuscaden Reserve | Landscape and Site Plan

Facing The Regent Singapore, Cuscaden Reserve is close to the St Regis Hotel and The Four Seasons Hotel, backed by the tree-lined Orchard Boulevard. No doubt the condo is located in one of the finest private residential areas in Singapore. Given its  fair shape and area dimension, Cuscaden Reserve is well developed on a rare premium residential lot. The developers have cherished to develop a real luxurious residence in harmony with the nature and high percentage of greenery. The condo will feature a 28-story residential building, 192 fine apartment units and numerous communal facilities.

Cuscaden Reserve is designed and built with environment-friendly and energy-efficient technologies. Leaving the hustle and bustle of the world behind you, a sweeping driveway beautifully framed by heritage trees evokes an assured sense of arrival. An inviting homecoming befitting the exclusive sanctuary that lies within. Cuscaden Reserve’s striking form stands majestically amidst the verdant estate. With apartments elevated high above the lush greens of the trees, a series of interlocking, cascading planes and tranquil waterways allow the landscapes to flow seamlessly through the building.

The condominium unit will build from the fifth floor to maximize greenery and residential horizons, while the high-rise residents can enjoy the bustling Orchard shopping belt and the lush Singapore Botanical Gardens.

The Swimming Pool and Event Pavilion is Seamlessly Connected By Interlocking Planes. Set alongside a natural forested landscape of heritage trees, the Clubhouse provides the perfect hideaway for quietude, a space to reflect and dwell on life before the world outside rushes residents on. Carefully appointed to consider your every need; residents can recharge with an energizing workout in the state-of-the-art gymnasium or read the paper whilst enjoying the languid forest views from the Clubhouse Lounge.

The condominium facilities carefully consider the living needs of the residents, providing quiet communal workspaces and recreational areas. Residents can exercise in the well-equipped gym. The clubhouse and lounge offer a slow pace of life that slows down the pace, as well as a selection of interesting books to explore knowledge in an art-filled contemplative space. Residents can enjoy a delicious dinner in the clubhouse or a relaxing barbecue in the outdoor gazebo.

Entertaining becomes effortless at Cuscaden Reserve, whether it is a sophisticated dinner for friends in the Clubhouse or a relaxed BBQ at the Outdoor Pavilion.  our Concierge team is at hand to help plan the perfect event. The condo concierge team is committed to providing exceptional service to our residents, making their recreational activities relaxing and enjoyable.

The Cuscaden Reserve apartments will be built using the Bauhaus architecture and design concept from Germany, drawing on the property management of the Hong Kong luxury apartment K11 ARTUS. Residents will receive an 11 Gold membership and exclusive privileges from K11 ARTUS Residences, Rosewood Hong Kong, K11 Musea.

Cuscaden Reserve | Unit Design and Interior Furnishes

Cuscaden Reserve sites in 8 Cuscaden Road, one of the most prestigous residential address in Singapore. Surrounding by the high-end spacious residences and internatioanl branding star-hotels, the develper of Cuscaden Reserve will offer layout-efficient apartments for affluent young families and savvor investors. The condo will offer a variety of units from 1-bedroom + study, 2-bedroom, 2-bedroom, 2-bedoom + study to 3-bedroom + study.

Cuscaden Reserve |  Floor Plans | 户型平面图

Cuscaden Reserve| Luxury Home Market Update

Cuscaden Reserve is in the Orchard Boulevard enclave in District 10 of Core Centre Region (CCR). CCR region is down the ages famous for its many clusters of upscale private condominiums and apartments. The CCR residential market is also the most luxurious house segment where many properties sell at the most premium prices, for example, easily across $3000psf.

Singapore private home market has entered the new uptrend cycle after the soar of land bid from both Collective Sales from developers and Government Land Sales (GLS) Programme during the period from 2016 to 2018. According to the URA reported in January 2020, Singapore private home prices rose 2.7% in 2019, as compared with the 7.9% increase in 2018. In 2019, new private residential property sales by developers increased 12.7 per cent to 9,912 units too.

There is a genuine, underlying demand for the private home. The increase in new sales transactions and growth in overall prices indicate the resilience of private residential property.  In 2020, Market watchers expect the market trends to be similar to 2019, given that market fundamentals remain unchanged: interest rates are expected to remain low, while the economy is expected to improve slightly in 2020.

For CCR housing market, the overall price index decrease 1.7%, as compared to the increase of 6.7% in 2018, while the prices in City Fringe and mass market increased by 2.8% and 4.2% respectively. According to the URA media release, the transaction volume and price index are still in line with the historical trend, which demonstrates the sustainability of high-end residential market. 2019 observed a series of new high prices in many hallmark areas, such as Holland Village, Newton Circus, River Valley, Outram Park, East Coast and so on. In 2020, it’s expected that around 4,000 new non-landed residential units 23 projects could be launched in 2020 in the CCR region, while 6,000 units across 22 projects are expected to be launched in city-fringe region.

The new cycle of En Bloc sales fever has taken place in the residential market since 2016, given that the numbers of unsold developer projects hit the historical low and increasingly fierce competition in Government Land Sales (GLS) Programme. The land costs for private condominium projects have island-wide increased varying from 15% to 20% in different regions in 2018, not mentioned the benchmark land cost in 2016. In CCR market, the average land cost was over $1800psf in 2018, which transferred the average new development launch price in 2019 to jump up to among $2800 to 3500psf.  During last year, it has been transacted over $4000psf in the most prestigious Nassim Road, Orchard Boulevard, Ardmore Park, and Marina Bay area.

The high-end residential market has turned up following the rise of higher land cost since 2017. New sales price tag replace the old one that more new condo projects in city area have been sold at higher prices. High-end housing market have running into a new uptrend cycle that sales price across $3000 psf is not a miracle any more.

1) In city-fringe, freehold Sky Everton in Outram Park sold over $2550 psf at average, a $2895psf price was transacted for a high floor 2-bedroom unit. For 99-year leasehold project One Pearl Bank in Outram Park, there are around 50 units sold over $2500 psf. The highest transacted price is $2875 for some 36^th floor 3 bedroom units.

2) In the East Coast area, prime District 15, freehold project in Amber Road – Coastline Residences sold some 2 bedroom unit at $3,010 psf, together with other 5 unit sold over $2,800 psf in 2019. Even in the mass market, the integrated residential development next to Bangkok MRT Station – Sengkang Grand Residences have sold over 45 unit at above $1800 psf, the highest transaction price was $1,898 psf. This is absolutely incredible.

3) In the Orchard upscale area, like Orchard Boulevard, ultra-luxury new residential development, Boulevard 88 have witnessed its 4 penthouse units transacted around $4,899～$5,125 psf in 2019. Another neighbor luxury development – 3 Orchard By The Park sold its 2 penthouse units around $4,638 to $4,805 psf in 2019. Across the road, TwentyOne Angullia Park sold its last 7,718sqft penthouse unit at $4,146 psf in 2019.

4) In Dhoby Ghaut area, 99-year leasehold new condo Haus On Handy sold new record price for its 969 sqft unit at $2,913psf in 2019. Other 30 units from the new launch was sold over $2830 psf in 2019. It’s not believable that one year ago, the latest completion 99-year leasehold development in the close vicinity – Sophia Hills was sold only averagely at $1900 to 2200psf.

5) In Jiat Kim Street area, the fringe of River Valley enclave, luxury new condo – Riviere was transacted at average price of $2886psf in 2019, with 7 units was sold over $3000psf. The highest price was done at $3,305psf by some 1-bedroom unit at 36^th floor in June 2019, following the 2^nd highest price at $3,247psf was transacted for some 4-bedroomwith unit at 35^th floor with size of 2002sqft.

6) In the charming Holland Village area, the blockbuster new launch – the mixed development – One Holland Village Residences set up the historical high transaction prices since Nov 2019. Over 120 units was sold at between $2600 to $3300psf since then. The highest price was transacted for some high-floor duplex 4 bedroom at eye-catching $3363psf.  Another bouquet freehold new launch -Van Holland which is opposite to Holland Village sold over 10 units in Jan 2020 with average prices at $2950psf. Following this trend, another mega freehold new condo-Leedon Green in Leedon Heights launched in Jan 2020 and sold over 30 units with average transaction prices at between $2600 to $2900psf.

7) In Tanjong Pager, CBD area, Skyscraper luxury newly-completed condo – Wallich Residence sold its 2 junior penthouse units (59^th, 60^th floor, 3509sqft) between $4702 to $4987psf in 2019. In the rising star CBD area, along west side of Beach Road, South Beach Residences sold 2 penthouse units (42^th floor- 6,728sqft, 45^th floor- 4,424sqft) between $3,865 to $3,888psf during the period  of 2018 to 2019.

By reviewing those recent record-breaking transactions done in the residential market, it’s quite new normal for the high-end luxury new condo to be transacted across $3000~$3500psf. What if it is a brand-new, luxury development with communal facilities in the coveted address like Cuscaden Road? There is more than a decade since the Government sell a residential site in the Orchard -Cascaden- Orchard Boulevard area.

In the following table, we just summarize the major new launches close to Orchard Shopping belt in recent years. You can justify how rationale are the latest launch prices for Cuscaden Reserve. Property consultants estimated that the land cost for the Park House site $2,377 psf, may translate to a break-even price of $3,100 to $3,300 psf, and a potential selling price of $3,300 to $3,700 psf for the current project.