CUSCADEN RESERVE
UrbanLens Analysis
At $3,024 PSF, CUSCADEN RESERVE prices 38% above the District 10 median. Compare that to 19 NASSIM at $3,381 PSF -- a 11% premium that buyers need to justify. Being 3 minutes on foot from Orchard MRT (226m) adds genuine convenience and supports the pricing.
A 19.9% drop in two years is a genuine correction. Bargain hunters take note, but only with clear conviction about the recovery thesis. 166 transactions over two years gives deep liquidity and reliable pricing signals. For context, D'LEEDON has gained 10.0% over the same period.
With ~91 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.2% tracks the CCR average of 3.0%. At $8,035/month median rent, income is market-rate -- neither a standout nor a weakness.
The 192-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
| SOMMERVILLE PARK | $2,159 | 2.2% | +4.2% |
PSF Trend
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