Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
This is somewhat greater than 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 offered by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
Based on URA warnings, just 10 signs have actually been lodged at Cuscaden Reserve to date.
The week likewise saw another luxury project accomplish a new psf value 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 entry 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.
Cuscaden Reserve is an ultra-luxury plan on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold term. The development is by Singapore property developer SC International Growths and two Hong Kong-listed real estate firms, New World Development as well as Far East Consortium. The 28-storey development consists of a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
The 192-unit development is located in among one of the most premium houses in Singapore. It lies another ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be spotted on close-by Orchard Boulevard. Completed developments in the place consist of The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
Around the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom condominium at the upcoming Cuscaden Reserve has actually set up a new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th floor and also was sold by the developer for $4.45 million ($3,830 psf) on June 24.
Cuscaden Reserve launched its initial confidential sneak peeks in 3Q2019, and the initial purchases were tape-recorded in September 2019. According to URA cautions, three units were offered that month. A 700 sq ft, one-bedroom unit on the 7th level was yielded $2.33 million ($3,327 psf) on Sept 13, while 2 neighbouring 926 sq ft, three-bedders on the 5th level were each yielded $3.23 million ($3,489 psf) on Sept 14.
These two sales are the only two builder sales at the plan thus far this annum.
Grange 1866 is a shop, 60-unit condo on Grange Road in prime District 10. The plan is a redevelopment of the former iLiv@Grange. The brand-new venture is anticipated to be finished by the end of 2026. The venture consists of a single 16-storey domestic block on a 20,322 sq ft, freehold area. The unit mix includes one-bedders and two-bedders that vary from 527 to 1,012 sq ft.
The growth was originally launched up for sale in April 2021, and according to URA signs, 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.