Cuscaden Reserve has been in the news of late, due to their big relaunch and price drop: we’re now seeing prices starting from $2,800+ psf, down from $3,327 – $3,830 psf in its initial pricing. This is quite a steep drop, and a roughly 20 per cent discount makes this Orchard area condo look like a tempting deal. Many people have remarked that the OCR has already breached $2,000+ psf, but is it really a good buy, just because of the new discount? We took a closer look: Why was Cuscaden Reserve relaunched at a lower price? Simply put, units aren’t moving, and Cuscaden Reserve has already had an ABSD extension. Developers have to complete and sell all units in a condo within five years, or else they’ll pay the steep ABSD tax. In the case of Cuscaden Reserve, that’s about 15 per cent of the land price, as the developers luckily bought the land in...