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The Urban and Revelopment Authority of Singapore (URA), has sold a residential site in Cuscaden Road as part of Government Land Sales (GLS). This land parcel is bounded by Cuscaden Road, in the Core Central Region of Singapore. It is listed under confirmed list of sites and is allocated to be developed into a residential condominium. It has a site area of 65,597 square feet of land and is expected to house approximately residential apartments.
Consortium SC Global and Far-East won the top bid of S$410 million, which translates to S$2377 per square foot per plot ratio psf ppr
New and upcoming condo development is located along Orchard Boulevard, Core Central Region of Singapore. This exclusive development is bounded by Orchard Boulevard, Orchard Spring Lane and Cuscaden Road and is next to Camden Medical Centre and opposite of Orchard Bel-Air.
New Condo at Cuscaden Road- Connectivity
New and upcoming condo at Cuscaden Road is about 800 m away from Orchard North South Station which is currently the nearest station. Come 2021, future residents of New Condo at Cuscaden Road will enjoy greater convenience with the completion of Orchard Boulevard Train Station which operates the Thomson Line and only 1 station away to the then Orchard MRT Interchange which operates both the North South Line and the Thomson Line. This makes it easy for its future residents to commute to various parts of the island from New Condo at Cuscaden Road. For those driving, New Condo at Cuscaden Road is approximately 5 minutes’ drive away from the downtown Financial District and Marina Bay Sands. It is also well connected to the CTE which makes island wide traveling fast and efficient.
New Condo at Cuscaden Road- Education
Esteemed schools such as River Valley Primary School, Anglo-Chinese School (Junior), Singapore Chinese Girls’ School, Raffles Girls Secondary School, Crescent Girls’ School, Gan Eng Seng School, Queenstown Secondary School and National University of Singapore (Bukit Timah Campus) are just within short distances from New Condo at Cuscaden Road. Numerous International Schools are located within close proximity to New and Upcoming Condo at Cuscaden Road such as International School Singapore (ISS) Paterson Campus, Overseas Family School, Finnish Supplementary School, Swedish Supplementary School, Chatsworth International School (Orchard Campus) and the Chinese International School.
New Condo at Cuscaden Road- Amenities
Located in the prime Orchard Shopping Belt, New Condo at Cuscaden Road future residents will be spoiled for choice when it comes to retail, eating, leisure and entertainment facilities as the prime Orchard Road area host numerous of such facilities. The nearest shopping malls include Tudor Court Shopping Gallery, Tanglin Mall, Tanglin Shopping Centre, Forum The Shopping Mall, Delfi Orchard, Far East Shopping Centre, Orchard Towers, Wheelock Place, the iconic ION Orchard, Shaw House, which also host a cineplex and also a supermarket, and also the Tangs Plaza.
New and upcoming Condo at Cuscaden Road is just walk distance to the prime Orchard Shopping Belt which its future residents will have a huge selection of choices when it comes to shopping, dining, leisure and entertainment facilities.
New Condo at Cuscaden Road is also near to food centres such as Zion Riverside Food Centre, Beo Crescent Block 38A Market and Food Centre, Havelock Road Cooked Food Centre, Redhill Lane Block 85 Food Centre and Newton Food Centre, which hosts numerous local food stores. For bistro dining or just chilling, New Cuscaden Road Condo future residents can also take a short drive down to the nearby Dempsey Hills which many nice restaurants are located.
Prestige Clubs such as The American Club, Tanglin Club and The Pines Club are a short drive away from New Condo at Cuscaden Road. For new Cuscaden Road Condo future residents who are likes golf, can also head down to the nearby Tanglin Golf Course for a 18 hole game. The Singapore Botanic Gardens which offers generous greenery is just minutes’ drive away. New Cuscaden Road Condo future residents can head down to enjoy the nature by taking a stroll, jog or enjoy any of the events held over there.
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Project | Cuscaden Road New Condo |
Developer | Consortium of SC Global, New World Development and Far East |
Location | Cuscaden Road |
District | 10 |
Tenure | 99 years lease |
Site Area | square metres/ square feet |
GFA: | square metres/ square feet |
Plot Ratio | |
Expected TOP: | |
Total Units | Approximately residential apartments |
Total Carpark | |
Development | Condo comprising of communal facilities |
Unit Type: | |
Architect | |
Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
Category | Important Amenities near New Cuscaden Road | Approximate Distance |
Train Stations | Orchard Boulevard (TS13) Thomson Line Due 2021 Orchard (NS22/TS14) Thomson Line Due 2021 |
0.2km 0.8km |
Bus Stop | Aft Cuscaden Rd (Bus: 75) The Regent S’pore (Bus: 36) Opp Trader’s Hotel (Bus: 7, 75, 77, 105, 106, 111, 123, NR8, 132, 174, 174e) |
0.1km 0.1km 0.2km |
Supermarkets | Cold Storage Fairprice Giant Sheng Siong |
0.4km 1.5km 2.0km 2.7km |
Shopping Malls | Tudor Court Shopping Gallery Tanglin Mall Tanglin Shopping Centre Forum The Shopping Mall Delfi Orchard Far East Shopping Centre Orchard Towers Wheelock Place ION Orchard Shaw House Tangs Plaza |
0.2km 0.2km 0.4km 0.5km 0.6km 0.6km 0.7km 0.7km 0.8km 0.8km 0.9km |
Education Institutions | Preschool | |
Little Hands Montessori Kindergarten Little Raindrops Montessori Pre-School Kay Poh Road Baptist Kindergarten JHS Montessori Kindergarten White Lodge Kindergarten (Phoenix Park) St James Church Kindergarten PCF Kreta Ayer-Kim Seng Blk 79 Maris Stella Kindergarten Far Eastern Kindergarten |
0.5km 0.5km 0.9km 1.2km 1.3km 1.4km 1.5km 1.8km 2.0km |
|
Primary | ||
River Valley Primary School Anglo-Chinese School (Junior) Singapore Chinese Girls’ School |
1.7km 1.9km 2.0km |
|
Secondary | ||
Raffles Girls Secondary School Crescent Girls’ School Gan Eng Seng School Queenstown Secondary School Singapore Chinese Girls’ School |
1.0km 1.4km 1.6km 1.6km 2.0km |
|
Junior College | ||
Catholic Junior College | 2.7km | |
Tertiary | ||
National University of Singapore (Bukit Timah Campus) | 1.9km | |
International | ||
International School Singapore (ISS) Paterson Campus Overseas Family School Finnish Supplementary School Swedish Supplementary School Chatsworth International School (Orchard Campus) Chinese International School |
0.6km 0.8km 0.8km 1.5km 1.5km 2.0km |
|
Food Centre | Zion Riverside Food Centre Beo Crescent Block 38A Market and Food Centre Havelock Road Cooked Food Centre Redhill Lane Block 85 Food Centre Newton Food Centre |
1.4km 1.6km 1.8km 1.9km 1.9km |
Lifestyle | Tanglin Golf Course The American Club Tanglin Club The Pines Club Singapore Botanic Gardens Tiong Bahru Park Stardus Clubhouse |
0.8km 1.0km 1.2km 1.2km 1.6km 1.7km 2.0km |
The Facilities Site and floor plans of new condo launch at Cuscaden Road are currently seeking approval from relevant authorities.
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A consortium of SC Global Developments, New World Development and Far East Consortium International lodged the top bid of $410 million for the Cuscaden Road site, which is near Orchard Road.
This translates to $2,377 per square foot per plot ratio (psf ppr) and trumped eight other bidders.
Its offer not only smashes all records for a residential government land sale (GLS) site but also surpassed market expectations of $1,800 to $2,300 psf ppr, said Ms Tricia Song, head of research for Singapore at Colliers International.
It exceeds the old GLS record of $1,733 psf ppr, paid by Frasers Property for a Jiak Kim Street site, by 37 per cent. SC Global chairman and chief executive Simon Cheong noted that it is more than a decade since a residential GLS site was available near Orchard Road.
Consultants expect a break-even price of $3,100 to $3,300 psf, with selling prices for the new project from $3,300 to $3,700 psf.
Ms Song said her forecast range of $3,500 to $3,700 psf is achievable as nearby freehold luxury new launches such New Futura and Le Nouvel Ardmore have achieved average prices of $3,200 to $4,000 psf.
ZACD executive director Nicholas Mak noted the fact that all nine bids for the Cuscaden Road site were above $2,000 psf ppr "will give a shot in the arm for the land sale market, especially the en-bloc sale market".
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