Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve launched its first private sneaks in 3Q2019, and also the first transactions were taped in September 2019. According to URA cautions, three units were offered that month. A 700 sq ft, one-bedroom unit on the 7th ground was sold for $2.33 million ($3,327 psf) on Sept 13, while 2 neighbouring 926 sq ft, three-bedders on the 5th ground were each cost $3.23 million ($3,489 psf) on Sept 14.
Over the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom flat at the upcoming Cuscaden Reserve has actually prepared a brand-new psf-price high in the ultra-luxury condominium. The record-setting unit is on the 26th floor and was marketed by the developer for $4.45 million ($3,830 psf) on June 24.
This is a little greater than the past log which had been established by the sale of a 936 sq ft, two-bedroom unit that is also on the 26th level. This unit was marketed by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
These 2 transactions are the only 2 builder sales at the undertaking up until now this annum.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime Area 10. The property is a redevelopment of the former iLiv@Grange. The new venture is anticipated to be finished by the end of 2026. The plan consists of a solitary 16-storey property block on a 20,322 sq ft, freehold location. The unit mix consists of one-bedders and two-bedders that vary from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury project on 8 Cuscaden Road in top District 10. It has a 99-year leasehold period. The development is by Singapore property developer SC Global Advancements and 2 Hong Kong-listed realtor business, New World Development as well as Far East Consortium. The 28-storey property makes up a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
The 192-unit development is located in one of one of the most restricted houses in Singapore. It is beside one more ultra-luxury project, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be spotted on nearby Orchard Blvd. Completed developments in the location feature The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
Based upon URA warnings, only 10 warnings have actually been lodged at Cuscaden Reserve to day.
The week likewise saw one more luxury property accomplish a new psf price high. An 829 sq ft, two-bedroom unit at Grange 1866 was promoted by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous entry which had actually been set by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
The advancement was at first released available in April 2021, and according to URA caveats, 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 also a 764 sq ft two-bedder that was negotiated for $2.06 million ($2,692 psf) on April 17.
