Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
This is somewhat greater than the last report which had actually been set by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th level. This unit was marketed by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
These two sales are the only two developer sales at the venture thus far this annum.
Grange 1866 is a store, 60-unit condominium on Grange Road in prime District 10. The plan is a redevelopment of the prior iLiv@Grange. The new plan is anticipated to be finished by the end of 2026. The plan consists of a single 16-storey property block on a 20,322 sq ft, property spot. The unit mix includes one-bedders and two-bedders that extend from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in key District 10. It has a 99-year leasehold tenancy. The development is by Singapore builder SC International Developments as well as two Hong Kong-listed estate firms, New World Development as well as Far East Consortium. The 28-storey property development consists of a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.
Cuscaden Reserve started its initial exclusive sneaks in 3Q2019, and the initial transactions were tape-recorded in September 2019. According to URA cautions, 3 units were offered that month. A 700 sq ft, one-bedroom unit on the 7th level was cost $2.33 million ($3,327 psf) on Sept 13, while 2 adjoining 926 sq ft, three-bedders on the fifth level were each cost $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 additionally saw one more high-end property achieve a brand-new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was offered by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous report which had been established by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
The 192-unit project is situated in among one of the most exclusive houses 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 located on nearby Orchard Boulevard. Accomplished property developments in the area include The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Around the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom residence at the upcoming Cuscaden Reserve has actually prepared a new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th floor and was promoted by the builder for $4.45 million ($3,830 psf) on June 24.
The advancement was initially launched up for sale in April 2021, and also according to URA cautions, 2 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 also a 764 sq ft two-bedder that was negotiated for $2.06 million ($2,692 psf) on April 17.