Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Based upon URA warnings, just 10 signs have been lodged at Cuscaden Reserve to date.
The week additionally saw another luxury building accomplish a new psf value high. An 829 sq ft, two-bedroom unit at Grange 1866 was sold by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous log which had been set by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
Around the week of June 20 to 24, the sale 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 condominium. The record-setting unit gets on the 26th floor and was offered by the developer for $4.45 million ($3,830 psf) on June 24.
This is a little more than the past record which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is also on the 26th floor. This unit was offered by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
Cuscaden Reserve debuted its very first exclusive sneak peeks in 3Q2019, and also the first deals were taped in September 2019. According to URA warnings, 3 units were sold that month. A 700 sq ft, one-bedroom unit on the 7th floor was sold for $2.33 million ($3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th floor were each yielded $3.23 million ($3,489 psf) on Sept 14.
The development was at first launched offer for sale in April 2021, and according to URA signs, two units were offered that month. They were a 527 sq ft, one-bedroom unit that was sold for $1.45 million ($2,743 psf) on April 15, as well as a 764 sq ft two-bedder that was negotiated for $2.06 million ($2,692 psf) on April 17.
Cuscaden Reserve is an ultra-luxury project on 8 Cuscaden Road in key District 10. It has a 99-year leasehold tenure. The project is by Singapore property developer SC Global Developments and two Hong Kong-listed real estate business, New World Development and Far East Consortium. The 28-storey property comprises a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
The 192-unit property is nestled in among the most restricted houses in Singapore. It is beside one more ultra-luxury property, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be discovered on nearby Orchard Blvd. Finalized developments in the place include The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
These 2 deals are the only 2 builder sales at the plan thus far this year.
Grange 1866 is a store, 60-unit condominium on Grange Road in prime Area 10. The plan is a redevelopment of the prior iLiv@Grange. The brand-new project is expected to be completed by the end of 2026. The plan comprises a single 16-storey property block on a 20,322 sq ft, estate site. The unit mix consists of one-bedders as well as two-bedders that vary from 527 to 1,012 sq ft.
