Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
These 2 transactions are the only two builder sales at the project up until now 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 anticipated to be completed by the end of 2026. The property consists of a solitary 16-storey residential block on a 20,322 sq ft, property spot. The unit mix consists of one-bedders and also two-bedders that range from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury plan on 8 Cuscaden Road in key District 10. It has a 99-year leasehold term. The property is by Singapore builder SC International Growths and also 2 Hong Kong-listed realty business, New World Development as well as Far East Consortium. The 28-storey property comprises a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.
Around the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom residence at the upcoming Cuscaden Reserve has prepared a brand-new psf-price high in the ultra-luxury apartment. The record-setting unit is on the 26th level and was marketed by the developer for $4.45 million ($3,830 psf) on June 24.
This is somewhat more than the former log which had been set by the sale of a 936 sq ft, two-bedroom unit that is also on the 26th level. This unit was sold by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
The advancement was at first introduced up for sale in April 2021, as well as according to URA cautions, 2 units were marketed 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 for $2.06 million ($2,692 psf) on April 17.
Based on URA warnings, only 10 warnings have been lodged at Cuscaden Reserve to date.
The week also saw an additional high-end project accomplish 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 report which had actually been established by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
Cuscaden Reserve launched its initial exclusive sneak peeks in 3Q2019, as well as the very first transactions were videotaped in September 2019. According to URA caveats, three units were offered 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 2 adjoining 926 sq ft, three-bedders on the fifth ground were each yielded $3.23 million ($3,489 psf) on Sept 14.
The 192-unit property is situated in among one of the most restricted residential areas in Singapore. It is beside another ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be discovered on nearby Orchard Boulevard. Finalized projects in the place feature The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.