Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
The growth was at first released available for sale in April 2021, and also according to URA warnings, two units were offered that month. They were a 527 sq ft, one-bedroom unit that was yielded $1.45 million ($2,743 psf) on April 15, and a 764 sq ft two-bedder that was negotiated for $2.06 million ($2,692 psf) on April 17.
Cuscaden Reserve is an ultra-luxury property on 8 Cuscaden Road in key District 10. It has a 99-year leasehold tenancy. The development is by Singapore developer SC International Developments and two Hong Kong-listed property business, New World Development as well as Far East Consortium. The 28-storey project consists of a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
This is slightly over the former track record which had been established by the sale of a 936 sq ft, two-bedroom unit that is also on the 26th level. This unit was marketed by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Around the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom condo at the upcoming Cuscaden Reserve has established a brand-new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th level as well as was promoted by the builder for $4.45 million ($3,830 psf) on June 24.
Based on URA caveats, only 10 caveats have been lodged at Cuscaden Reserve to date.
The week additionally saw one more luxury development accomplish a brand-new psf cost high. An 829 sq ft, two-bedroom unit at Grange 1866 was marketed by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous report which had actually been arranged by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
The 192-unit development is located in one of the most restricted suburbs in Singapore. It lies another ultra-luxury project, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be located on close-by Orchard Boulevard. Completed property developments in the local area feature The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
Cuscaden Reserve released its initial confidential sneaks in 3Q2019, and the first purchase were recorded in September 2019. According to URA warnings, three units were marketed 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 fifth ground were each yielded $3.23 million ($3,489 psf) on Sept 14.
These 2 deals are the only two builder sales at the venture up until now this annum.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime Area 10. The plan is a redevelopment of the former iLiv@Grange. The new project is anticipated to be finished by the end of 2026. The property comprises a solitary 16-storey residential block on a 20,322 sq ft, freehold spot. The unit mix contains one-bedders and also two-bedders that extend from 527 to 1,012 sq ft.
