Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
These two purchases are the only 2 developer sales at the plan until now this annum.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime Area 10. The project is a redevelopment of the prior iLiv@Grange. The new venture is anticipated to be finalized by the end of 2026. The project makes up a solitary 16-storey residential block on a 20,322 sq ft, freehold location. The unit mix consists of one-bedders as well as two-bedders that extend 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 brand-new psf-price high in the ultra-luxury residence. The record-setting unit gets on the 26th level as well as was promoted by the developer for $4.45 million ($3,830 psf) on June 24.
The 192-unit property is nestled in one of one of the most distinctive residential areas in Singapore. It lies another ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be located on nearby Orchard Blvd. Completed projects in the area consist of The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
Cuscaden Reserve released its first confidential previews in 3Q2019, and the very first transactions were taped in September 2019. According to URA warnings, three units were marketed that month. A 700 sq ft, one-bedroom unit on the 7th ground was yielded $2.33 million ($3,327 psf) on Sept 13, while 2 neighbouring 926 sq ft, three-bedders on the fifth floor were each sold for $3.23 million ($3,489 psf) on Sept 14.
The advancement was at first introduced available in April 2021, and according to URA warnings, two units were marketed that month. They were a 527 sq ft, one-bedroom unit that was sold for $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.
Based upon URA signs, only 10 caveats have actually been lodged at Cuscaden Reserve to date.
The week additionally saw an additional deluxe project attain a brand-new psf price high. An 829 sq ft, two-bedroom unit at Grange 1866 was marketed by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous documentation which had actually been arranged by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
This is a little higher than the past track record which had actually been set by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th level. This unit was marketed by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Cuscaden Reserve is an ultra-luxury project on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold tenancy. The development is by Singapore maker SC International Advancements as well as 2 Hong Kong-listed real estate firms, New World Development and Far East Consortium. The 28-storey development consists of a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.