Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Based upon URA warnings, simply 10 caveats have actually been lodged at Cuscaden Reserve to date.
The week also saw one more high-end property accomplish a brand-new psf cost high. An 829 sq ft, two-bedroom unit at Grange 1866 was promoted by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous documentation which had actually been set up by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
The development was at first launched up for sale in April 2021, and according to URA caveats, two units were sold 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 worked out a deal for $2.06 million ($2,692 psf) on April 17.
Cuscaden Reserve started its first confidential previews 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 seventh floor was cost $2.33 million ($3,327 psf) on Sept 13, while two adjoining 926 sq ft, three-bedders on the fifth ground were each sold for $3.23 million ($3,489 psf) on Sept 14.
These 2 sales are the only two developer sales at the venture so far this year.
Grange 1866 is a store, 60-unit condo on Grange Road in prime Area 10. The plan is a redevelopment of the previous iLiv@Grange. The brand-new project is anticipated to be finished by the end of 2026. The venture consists of a single 16-storey residential block on a 20,322 sq ft, freehold location. The unit mix includes one-bedders and two-bedders that vary from 527 to 1,012 sq ft.
Over the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom condominium at the upcoming Cuscaden Reserve has set a new psf-price high in the ultra-luxury apartment. The record-setting unit gets on the 26th level and was sold by the builder for $4.45 million ($3,830 psf) on June 24.
The 192-unit project is situated in one of one of the most distinctive residential areas in Singapore. It lies another ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be found on neighboring Orchard Boulevard. Accomplished developments in the area feature The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
This is somewhat higher than the past log 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.
Cuscaden Reserve is an ultra-luxury property on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold term. The structure is by Singapore property developer SC International Advancements and also two Hong Kong-listed property business, New World Development and Far East Consortium. The 28-storey project consists of a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.