Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve is an ultra-luxury property on 8 Cuscaden Road in top District 10. It has a 99-year leasehold term. The property is by Singapore builder SC Global Developments and two Hong Kong-listed realtor business, New World Development as well as Far East Consortium. The 28-storey property development comprises a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.
Cuscaden Reserve launched its very first confidential sneaks in 3Q2019, and the initial deals were videotaped in September 2019. According to URA warnings, three units were offered that month. A 700 sq ft, one-bedroom unit on the seventh floor was yielded $2.33 million ($3,327 psf) on Sept 13, while two adjoining 926 sq ft, three-bedders on the fifth ground were each cost $3.23 million ($3,489 psf) on Sept 14.
The advancement was at first introduced for sale in April 2021, as well as according to URA warnings, two 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.
These two purchases are the only two builder sales at the plan so far this annum.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime District 10. The property is a redevelopment of the former iLiv@Grange. The brand-new property is anticipated to be completed by the end of 2026. The property consists of a solitary 16-storey residential block on a 20,322 sq ft, property area. The unit mix includes one-bedders as well as two-bedders that range from 527 to 1,012 sq ft.
This is slightly more than the former record 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 offered by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
Over the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom apartment at the upcoming Cuscaden Reserve has set a new psf-price high in the ultra-luxury residence. The record-setting unit is on the 26th level as well as was marketed by the builder for $4.45 million ($3,830 psf) on June 24.
The 192-unit project is nestled in among one of the most exclusive residential areas in Singapore. It lies another ultra-luxury project, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be found on neighboring Orchard Boulevard. Finalized projects in the area consist of The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Based upon URA cautions, only 10 caveats have been lodged at Cuscaden Reserve to day.
The week additionally saw one more luxury building attain a brand-new psf cost 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 report 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.