Cuscaden Reserve sells 58% of available units at re-launch

The average price of units sold was slightly above $3,000 spf.

Cuscaden Reserve's re-launch saw 46 units sold at an average price of slightly above $3,000 psf.

PropNex and Huttons said Singaporeans accounted for most of the buyers.

"One-third of the buyers are below 35," Huttons added.

Meanwhile, the majority of the units sold were 2-bedders.

"The attractive quantum of around $2.4 million for a 2-bedroom unit, good location and prestigious address attracted strong interest from buyers," Huttons commented.

PropNex said the re-launch sales performance of the development was "commendable" considering that it only sold 12 units since September 2019.

"With more sensitive pricing, sales gained some traction in this re-launch. We believe Cuscaden Reserve will find the momentum to sell most of the remaining units," PropNex said.

Following the re-launch, the development still has 134 units available out of 192 units.

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