Prices for the recently finished Cuscaden Reserve start at $3,360 per square foot
The Cuscaden Reserve, which has 192 units Cuscaden Reserve, created through SC Global Developments jointly with Hong Hong Kong-listed developers, New World Development and Far East Consortium, is currently completed after obtaining the Temporary Ownership Permit (TOP) in the last few days. The luxurious project is available for viewing on an invitation only.
The tower of 28 storeys is elevated five stories above the ground. It was developed by Chan Soo Khian, founding design director and principal of SCDA Architects. The other SC Global projects designed by SCDA include the Ladyhill located at Ladyhill Road, Lincoln Modern on Lincoln Road, The Boulevard Residence located at Cuscaden Walk and The Marq on Paterson Hill.
Lumina Grand EC by CDL Zenith recently, the property lot at Bukit Batok West Avenue 5 was secured for the construction of the executive condominium (EC) Lumina Grand.
Cuscaden Reserve is the second and newest project of the series ‘Petit Collectibles’ created by Simon Cheong, the founder and chairman of SC Global. The project was introduced in 2018. Petit Collectibles features predominantly oneand two-bedroom homes that are focused around “flexible functionality”.
Living in luxury
It is the Petit Collectibles series is targeted mostly at people who are looking for SC Global’s high-end residential services however in smaller size units. There are only two projects within this Petit Collectibles series: The first is the 55-unit freehold Petit Jervois located on Jervois Road, completed in January 2022, and completely sold by the beginning of June.
Cuscaden Reserve, located at 8 Cuscaden Road, sits on an elevated 61,597 sq feet site. SC Global and the Hong Kong developers jointly bought this 99-year leasehold site at $410 million during an auction by the government in April of 2018. The land price was $2,337 psf/plot percentage (psf ppr) the site established a new benchmark in Singapore’s 99 year leasehold development sites.
The style that is Cuscaden Reserve is a homage to the Bauhaus movement, and seamlessly integrates architecture as well as art, landscape and traditional craft. The influence of Bauhaus is evident throughout the entire development starting from the yoga space and salt chlorinated pool to the event pavilion the clubhouse lounge, and the fitness area in the common areas to the interiors of the apartments.
“Our 2nd Petit Collectible represents the epitome of living in luxury,” says Cheong. “We have gone further to provide an atmosphere of relaxation and belonging in a peaceful serene and peaceful environment.”
SC Global is extending its Seven Palms Resort Management and Concierge Services to residents of their Petit Collections series. Seven Palms Resort Management Seven Palms Resort Management was created in 2002 to be the estate management division within SC Global, providing services to all of its developments that have been completed.
The company even has a collaboration in the British Butler Institute, which offers training for the Seven Palms Resort Management and Concierge personnel. “We would like to protect the experience we offer our residents through our administration of the estates” states SC Global spokesperson. SC Global spokesperson.
The clubhouse, which is private, located at Cuscaden Reserve provides co-working spaces for those who work from home who want to connect and work. There are two private workspaces for people who require video calls, as well as a conference room. There is also lounge space that can be used as a space where residents can meet with friends and enjoy a relaxing time.
The heart of the city
There are units that range from one, two and three-bedroom units ranging with sizes ranging from 700 sq feet to 1,163 square feet. Six 2,099 square feet of four-bedroom units starting on at the top of 21st. The four-bedder on every floor can be converted into a two- or three-bedroom apartment. The rooms have uninterrupted views of the trees-lined Orchard Boulevard and the city skyline. The tower’s crown jewel is a duplex penthouse with 3,755 square feet located on both the 28th and 27th floors.
The interior layout of the Cuscaden Reserve was inspired by Bauhaus architect Mies van der Rohe’s designs in The Edith Farnsworth House between 1945 between 1945 and 1951. Farnsworth House was designed to be an unfurnished one-bedroom retreat for weekenders. All utilities are in the central part of the house. It offers views of the entire area and extending the living space and allowing a seamless flow between the living area and the natural surroundings.
The apartments in Cuscaden Reserve are therefore designed with a kitchen at the middle that opens the living space and makes the most of the views. “We’ve drawn inspiration from Mies Van der Rohe’s Farnsworth House to create a flexible open-plan layout that allows residents to build their own space that is tailored to their personal requirements,” says the SC Global spokesperson. “Our idea was to design an elegant, luxurious pied-a-terre located within the city that embodies modern luxurious living.”
Telescopic doors and flexibility
It’s not surprising that this project is more appealing after it has been complete, says Marcus Chu, CEO of ERA Singapore, one of the jointly appointed marketing agencies of Cuscaden Reserve. “Buyers can enjoy the tranquility as well as seamless integration between functional and design that meets the demands of urban dwellers today.”
“There are a lot of clever and attractive options in Cuscaden Reserve,” Chu mentions. One example is the telescopic doors that are found in the one, twoand three bedroom units. They are moveable and can separate bedroom from the main living space. They let homeowners expand the space or shut off one room if required. “Singles and young families will appreciate this flexibility, which lets them change their house layout to meet their needs and preferences,” he adds.
Each unit is equipped with a private area that is enclosed or a balcony that residents can use to take in the views, either to Orchard Boulevard or Cuscaden Road that overlooks the lush greenery that is Bukit Timah. In Cuscaden Reserve, it is not just the big apartments that have lifts that are private. All three-bedroom and the majority of two-bedroom units are equipped with lift access private.
Attractive pricing
“Lending an air of elegance can be the grand departure, as well as the concierge service provided through Seven Palms Resort Management,” says Dominic Lee, head of the luxury department of PropNex The other agency for joint marketing that works for Cuscaden Reserve.
Lee sees the property attracted by “foreigners who wish to move into the city either as a couple or a single, or young people whose parents finance their house purchase” Lee adds Lee. “Given the high-end of the fixtures and care for particulars, it’s likely to attract more homeowners instead of investors.”
Prices for the units in Cuscaden Reserve start from $2.352 million ($3,360 per square foot) for a one-bedroom unit that is 700 square feet. Two-bedroom units with 807 square feet with a private lifts begin at $2.774 million ($3,437 per square foot) and those with 818 square feet are priced higher than $2.828 million ($3,457 per sq ft).
Two-bedroom-plus-study units of 936 sq ft are from $3.42 million ($3,654 psf). Meanwhile, a three-bedroom-plus-study of 1,163 sq ft is over $4.289 million ($3,688 psf). The 2,099 sq ft modified four-bedroom units begin at approximately $8.3 million ($3,954 per square foot) for the one on the 21st level. So PropNex’s Lee believes that Cuscaden Reserve’s initial costs to be “attractive”.
At Park Nova adjacent to Park Nova The 54-unit freehold development from Hong Hong Kong listed Shun Tak Holdings, two-bedroom units measuring 1,432 square feet will cost starting at $6.19 million ($4,324 per sq ft) and up $6.5 million ($4,543 per sq ft) basing on caveats that were filed between November to May 2023.
The latest phase of property cooling measures, which took effect in April, in which the amount of stamp duty for additional buyers (ABSD) for foreign buyers doubled up to 60% as opposed to 30% prior to that, “demand from foreigners buying homes with more than 2,000 square feet has basically ceased to exist” according to Alan Cheong, executive director of research and consulting for Savills Singapore.
Where money isn’t an issue
“Demand in the most sought-after districts is currently driven by local residents who are zooming into one- and two-bedroom apartments,” adds Cheong. “And for those who are interested Cuscaden Reserve’s pricing starting at $2.35 million are within their price range.”
He claims that the character of residents living in the District 10 neighborhood that is comprised of Cuscaden Road and Orchard Boulevard is categorized as “money is not a factor”. “For those who fall into this category it doesn’t matter if it is a property is freehold or leasehold for 99 years is not as important as the location and the quality of the finishes and the fit-out,” he adds. “This is the area where Cuscaden Reserve will have an advantage.”
Orchard Bel Air is the sole 99-year leasehold property located in Orchard Bel Air, which is the only 99-year leasehold development in Cuscaden Road, and Orchard Boulevard area. The condo, which has 71 units, is close to the Orchard Boulevard MRT Station (Thomson-East Coast Line) which was opened last November. The property has a remaining lease of 56 years in its lease of 99 years that began in 1980.
In 1984, the project was completed. Orchard Bel Air relaunched for collective sales at the beginning of the year, but was unable to locate a potential buyer because owners refused to lower their price of the reserve. The company was relaunched with $587.5 million, the exact price that was offered at the time of its launch of marketing agent Knight Frank last July.
The cost translates into an average land cost of $2,620 per square foot ppr after adjusting for the lease top-up fee in the amount of $136 million. In addition to the seven% bonus floor space allowed for balconies and terraces, the land rate is just a bit lower, at $2,551 psf per.
Due to the increased costs of construction and the increased construction costs, an property consultant believes that a new development on the Redevelopment site in Orchard Bel Air would have to be sold for between $4,200 and $4,400 today.
Gentrification
Cuscaden Reserve, the newest project on the block will benefit from the gentrification process within this Cuscaden Road and Orchard Boulevard region. In the past three years, there was plenty of construction happening in the area. But, today, the majority of the work is done.
It’s just a 2-minute walk to the rear gate Cuscaden Reserve to the Orchard Boulevard MRT Station. Camden Medical Centre and Botanic Gardens are accessible by foot.
Nearby There are Tanglin Mall and nearby are Tanglin Mall and Orchard Road malls, Michelin star restaurants and luxurious hotels like St Regis, Four Seasons and the soon-to-open Artyzen Hotel along with the Singapore Edition Hotel. The road that runs across to Cuscaden Reserve, the former Regent Singapore has also been transformed into Conrad Singapore Orchard and is going through a transformation.