Cuscaden Reserve sells 45 units by private placement

As of the 16th of March, 45 (57%) the 79 condo units that were released for sale by private placement.

During the preview of two weeks that began on 2 March, over 80 checks were collected as expressionss interest (EOI).

 

Only one three-bedroom apartment was sold.

 

Huttons Data Analytics reports that one third (or less) of the buyers at Cuscaden Reserve have a lower age limit than 35. Hutton Asia’s CEO observed that the buyers were either Singaporeans (PRs) or permanent residents buying their own property. Both those who were buying for their own use and those for investment were evenly split.

 

The developers SC Global New World Development Far East Consortium have cut the prices of their products by 20%.

 

Attractive prices of about $2.4 million per two-bedroom unit in addition to a great location and prestigious address, attracted a lot of buyers.

Read also: The Chuan Park Condo (Formerly Chuan Park)

Cuscaden Reserve’s 192 units are located in the District 10 district, just off Orchard Boulevard. The luxury apartment was completed in august 2023.

 

Cuscaden Reserve is a mix of two-, three- and one-bedroom apartments between 700 sq ft and 1,163 sq. ft. Six four-bedroom apartments of 2,099 sf are available on the floors 21 to 26. The two and three bedroom apartments on these floors have been reconfigured. On the 27th, and 28th floors is a 375 sq ft duplex.

 

On the basis of caveats, 12 apartments were sold before the relaunch at an estimated average price of $3.625 per sq ft. With the additional sales of 45 units, the take-up ratio has increased to around 30%.

 

The Cuscaden Reserve is selling the remaining units “on a First-Come, First-Served” basis.


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