Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
These 2 deals are the only 2 developer sales at the project thus far this annum.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime Area 10. The plan is a redevelopment of the previous iLiv@Grange. The brand-new venture is expected to be finalized by the end of 2026. The venture comprises a single 16-storey property block on a 20,322 sq ft, property area. The unit mix contains one-bedders as well as two-bedders that vary from 527 to 1,012 sq ft.
Around the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom condominium at the upcoming Cuscaden Reserve has actually prepared a brand-new psf-price high in the ultra-luxury condominium. The record-setting unit is on the 26th floor as well as was promoted by the developer for $4.45 million ($3,830 psf) on June 24.
The development was originally released offer for sale in April 2021, as well as according to URA cautions, two units were marketed 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 negotiated for $2.06 million ($2,692 psf) on April 17.
This is slightly over the previous track record which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th level. This unit was offered by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
Cuscaden Reserve is an ultra-luxury project on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold tenancy. The structure is by Singapore maker SC International Developments as well as 2 Hong Kong-listed real estate business, New World Development and also Far East Consortium. The 28-storey development makes up a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.
The 192-unit property is situated in among one of the most premium suburbs in Singapore. It lies an additional ultra-luxury project, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be found on nearby Orchard Blvd. Completed projects in the place consist of The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
Cuscaden Reserve started its initial personal sneaks in 3Q2019, and also the initial purchases were taped in September 2019. According to URA cautions, 3 units were offered that month. A 700 sq ft, one-bedroom unit on the 7th floor was cost $2.33 million ($3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th ground were each sold for $3.23 million ($3,489 psf) on Sept 14.
Based upon URA warnings, merely 10 signs have actually been lodged at Cuscaden Reserve to date.
The week also saw one more deluxe property attain a new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was promoted by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous entry which had been established by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
