Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve debuted its first exclusive sneak peeks in 3Q2019, and the very first transactions were taped in September 2019. According to URA warnings, three units were sold that month. A 700 sq ft, one-bedroom unit on the seventh floor was sold for $2.33 million ($3,327 psf) on Sept 13, while 2 adjoining 926 sq ft, three-bedders on the 5th ground were each yielded $3.23 million ($3,489 psf) on Sept 14.
This is slightly greater than the former track record which had been established by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th level. This unit was marketed by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Based on URA caveats, just 10 warnings have been lodged at Cuscaden Reserve to date.
The week likewise saw one more luxury property accomplish a new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was offered by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous track record which had been set by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
The 192-unit property is located in one of the most luxurious houses in Singapore. It is beside one more ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be discovered on neighboring Orchard Boulevard. Completed projects in the area consist of The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
The development was initially introduced available for sale in April 2021, and according to URA warnings, 2 units were sold that month. They were a 527 sq ft, one-bedroom unit that was sold for $1.45 million ($2,743 psf) on April 15, as well as a 764 sq ft two-bedder that was worked out for $2.06 million ($2,692 psf) on April 17.
These 2 deals are the only 2 developer sales at the plan up until now this annum.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime District 10. The plan is a redevelopment of the previous iLiv@Grange. The new property is expected to be completed by the end of 2026. The property consists of a single 16-storey property block on a 20,322 sq ft, estate site. The unit mix contains one-bedders as well as two-bedders that vary from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in top District 10. It has a 99-year leasehold tenancy. The development is by Singapore builder SC Global Advancements and also two Hong Kong-listed realty firms, New World Development and Far East Consortium. The 28-storey property development comprises a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
Around the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom residence at the upcoming Cuscaden Reserve has actually prepared a brand-new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th level as well as was offered by the developer for $4.45 million ($3,830 psf) on June 24.