Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
This is a little over the last report 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 warnings, simply 10 cautions have actually been lodged at Cuscaden Reserve to date.
The week additionally saw an additional high-end building accomplish a brand-new psf cost high. An 829 sq ft, two-bedroom unit at Grange 1866 was sold by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous record which had actually been set by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
These two purchases are the only 2 developer sales at the undertaking thus far this annum.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime District 10. The plan is a redevelopment of the prior iLiv@Grange. The brand-new property is expected to be finished by the end of 2026. The project consists of a solitary 16-storey domestic block on a 20,322 sq ft, freehold area. The unit mix includes one-bedders and two-bedders that range from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury plan on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold tenure. The property is by Singapore developer SC International Developments and also two Hong Kong-listed estate companies, New World Development and also Far East Consortium. The 28-storey project comprises a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
Cuscaden Reserve launched its very first personal sneak peeks in 3Q2019, and also the first deals were videotaped 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 fifth level were each yielded $3.23 million ($3,489 psf) on Sept 14.
The growth was at first released for sale in April 2021, and according to URA warnings, two units were marketed that month. They were a 527 sq ft, one-bedroom unit that was cost $1.45 million ($2,743 psf) on April 15, and also a 764 sq ft two-bedder that was worked out a deal for $2.06 million ($2,692 psf) on April 17.
The 192-unit development is situated in among one of the most restricted suburbs in Singapore. It is beside one more ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be found on neighboring Orchard Boulevard. Accomplished property developments in the area consist of The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Over the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom apartment at the upcoming Cuscaden Reserve has actually set up a new psf-price high in the ultra-luxury residence. The record-setting unit gets on the 26th level as well as was offered by the builder for $4.45 million ($3,830 psf) on June 24.