Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Based upon URA cautions, just 10 caveats have been lodged at Cuscaden Reserve to date.
The week likewise saw an additional high-end project achieve a brand-new psf price 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 log which had actually been set up 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 project on 8 Cuscaden Road in top District 10. It has a 99-year leasehold period. The development is by Singapore developer SC Global Advancements as well as 2 Hong Kong-listed realty firms, New World Development as well as Far East Consortium. The 28-storey development makes up a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
Over the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom condo at the upcoming Cuscaden Reserve has actually established a brand-new psf-price high in the ultra-luxury apartment. The record-setting unit gets on the 26th floor and also was marketed by the developer for $4.45 million ($3,830 psf) on June 24.
The growth was initially introduced available 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 cost $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.
The 192-unit development is located in one of one of the most restricted suburbs in Singapore. It is beside another ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be located on neighboring Orchard Boulevard. Accomplished developments in the area include The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
This is a little more than the former log which had been established by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th floor. This unit was marketed by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
These 2 deals are the only 2 developer sales at the plan until now this year.
Grange 1866 is a store, 60-unit condominium on Grange Road in prime Area 10. The plan is a redevelopment of the former iLiv@Grange. The new venture is expected to be finalized by the end of 2026. The property makes up a solitary 16-storey domestic block on a 20,322 sq ft, estate site. The unit mix includes one-bedders and also two-bedders that range from 527 to 1,012 sq ft.
Cuscaden Reserve debuted its very first confidential sneak peeks in 3Q2019, as well as the initial deals were videotaped in September 2019. According to URA caveats, 3 units were offered that month. A 700 sq ft, one-bedroom unit on the seventh level was cost $2.33 million ($3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th floor were each cost $3.23 million ($3,489 psf) on Sept 14.
