Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in top District 10. It has a 99-year leasehold term. The property is by Singapore developer SC Worldwide Advancements and also two Hong Kong-listed real estate business, New World Development and also Far East Consortium. The 28-storey property development makes up a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.
Based upon URA warnings, simply 10 caveats have been lodged at Cuscaden Reserve to day.
The week also saw one more high-end development attain a brand-new psf value high. An 829 sq ft, two-bedroom unit at Grange 1866 was promoted by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous report which had been established by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
The 192-unit development is located in one of one of the most distinctive suburbs in Singapore. It lies another ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be found on nearby Orchard Boulevard. Completed buildings in the location consist of The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
Cuscaden Reserve introduced its first exclusive previews in 3Q2019, and the initial 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 cost $2.33 million ($3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th ground were each yielded $3.23 million ($3,489 psf) on Sept 14.
This is a little higher than the previous track record which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is also on the 26th level. This unit was offered by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
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 set a new psf-price high in the ultra-luxury apartment. The record-setting unit gets on the 26th floor as well as was marketed by the builder for $4.45 million ($3,830 psf) on June 24.
The advancement was at first launched available in April 2021, and also according to URA signs, two units were marketed 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 a deal for $2.06 million ($2,692 psf) on April 17.
These 2 deals are the only two builder sales at the venture thus far this year.
Grange 1866 is a store, 60-unit condominium on Grange Road in prime District 10. The venture is a redevelopment of the former iLiv@Grange. The brand-new plan is anticipated to be finalized by the end of 2026. The venture makes up a single 16-storey household block on a 20,322 sq ft, freehold spot. The unit mix includes one-bedders as well as two-bedders that extend from 527 to 1,012 sq ft.
