Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve is an ultra-luxury plan on 8 Cuscaden Road in key District 10. It has a 99-year leasehold tenancy. The property is by Singapore builder SC International Advancements and two Hong Kong-listed realty firms, New World Development as well as Far East Consortium. The 28-storey project consists of a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
These 2 deals are the only 2 developer sales at the project up until now this year.
Grange 1866 is a shop, 60-unit condo on Grange Road in prime District 10. The plan is a redevelopment of the previous iLiv@Grange. The brand-new venture is anticipated to be finalized by the end of 2026. The venture makes up a solitary 16-storey residential block on a 20,322 sq ft, property location. The unit mix consists of one-bedders as well as two-bedders that range from 527 to 1,012 sq ft.
Based on URA warnings, just 10 warnings have actually been lodged at Cuscaden Reserve to date.
The week also saw another luxury development attain a new psf fee high. An 829 sq ft, two-bedroom unit at Grange 1866 was reselled by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous track record 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.
Cuscaden Reserve released its first personal sneak peeks in 3Q2019, and the very first purchases were recorded in September 2019. According to URA caveats, three units were offered that month. A 700 sq ft, one-bedroom unit on the seventh ground was yielded $2.33 million ($3,327 psf) on Sept 13, while 2 adjoining 926 sq ft, three-bedders on the fifth level were each cost $3.23 million ($3,489 psf) on Sept 14.
The advancement was at first released offer for sale in April 2021, and also according to URA caveats, 2 units were offered 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 for $2.06 million ($2,692 psf) on April 17.
Around the week of June 20 to 24, the purchase 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 residence. The record-setting unit is on the 26th floor and also was offered by the developer for $4.45 million ($3,830 psf) on June 24.
This is a little greater than the past 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 builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
The 192-unit property is nestled in one of one of the most premium residential areas in Singapore. It is beside another ultra-luxury project, 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 include The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.