Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
This is somewhat higher than the former log which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th level. This unit was sold by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Based on URA cautions, only 10 signs have been lodged at Cuscaden Reserve to date.
The week additionally saw an additional deluxe development achieve a brand-new psf cost high. An 829 sq ft, two-bedroom unit at Grange 1866 was promoted by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous track record which had actually been established by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
Cuscaden Reserve is an ultra-luxury property on 8 Cuscaden Road in top District 10. It has a 99-year leasehold tenure. The structure is by Singapore builder SC Worldwide Advancements as well as two Hong Kong-listed property companies, New World Development and Far East Consortium. The 28-storey development comprises a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
These two purchases are the only two builder sales at the project thus far this annum.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime District 10. The venture is a redevelopment of the prior iLiv@Grange. The new project is anticipated to be finished by the end of 2026. The venture consists of a solitary 16-storey property block on a 20,322 sq ft, freehold spot. The unit mix includes one-bedders and two-bedders that range from 527 to 1,012 sq ft.
Around the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom condominium at the upcoming Cuscaden Reserve has actually set a brand-new psf-price high in the ultra-luxury condominium. The record-setting unit gets on the 26th level and was marketed by the builder for $4.45 million ($3,830 psf) on June 24.
The 192-unit project is located in among the most exclusive suburbs in Singapore. It is beside an additional ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be located on nearby Orchard Blvd. Completed property developments in the local area consist of The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
Cuscaden Reserve debuted its very first private sneak peeks in 3Q2019, and also the first transactions were taped in September 2019. According to URA caveats, three units were marketed that month. A 700 sq ft, one-bedroom unit on the 7th ground was yielded $2.33 million ($3,327 psf) on Sept 13, while 2 adjoining 926 sq ft, three-bedders on the 5th level were each yielded $3.23 million ($3,489 psf) on Sept 14.
The development was initially launched available 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, and also a 764 sq ft two-bedder that was negotiated for $2.06 million ($2,692 psf) on April 17.