Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve released its first confidential previews in 3Q2019, and also the first purchases were recorded in September 2019. According to URA caveats, 3 units were marketed that month. A 700 sq ft, one-bedroom unit on the seventh 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 cost $3.23 million ($3,489 psf) on Sept 14.
This is somewhat higher than the past report which had actually 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 builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
These two deals are the only 2 developer sales at the plan until now this year.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime Area 10. The property is a redevelopment of the prior iLiv@Grange. The new venture is anticipated to be finalized by the end of 2026. The venture consists of a single 16-storey household block on a 20,322 sq ft, freehold spot. The unit mix consists of one-bedders and also two-bedders that range from 527 to 1,012 sq ft.
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 set a brand-new psf-price high in the ultra-luxury residence. The record-setting unit gets on the 26th floor as well as was marketed by the developer for $4.45 million ($3,830 psf) on June 24.
The advancement was originally launched available 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 yielded $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.
Based upon URA caveats, simply 10 warnings have actually been lodged at Cuscaden Reserve to day.
The week also saw another high-end project accomplish a new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was reselled by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous documentation which had 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 nestled in among one of the most premium suburbs in Singapore. It is beside another ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be found on neighboring Orchard Blvd. Finished buildings in the place include The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold tenure. The development is by Singapore property developer SC International Developments and 2 Hong Kong-listed estate companies, New World Development and also Far East Consortium. The 28-storey development consists of a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.