Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
The 192-unit development is nestled in among one of the most exclusive suburbs in Singapore. It lies another ultra-luxury project, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be spotted on nearby Orchard Blvd. Finalized buildings in the place feature The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.
The development was originally launched for sale in April 2021, and according to URA caveats, 2 units were sold 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 worked out a deal for $2.06 million ($2,692 psf) on April 17.
This is somewhat over the past record which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th floor. This unit was offered by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Around the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom residence at the upcoming Cuscaden Reserve has set up a new psf-price high in the ultra-luxury apartment. 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.
These two transactions are the only 2 builder sales at the property so far this year.
Grange 1866 is a store, 60-unit condo on Grange Road in prime Area 10. The project is a redevelopment of the prior iLiv@Grange. The brand-new venture is anticipated to be completed by the end of 2026. The venture consists of a solitary 16-storey household block on a 20,322 sq ft, freehold spot. The unit mix contains one-bedders and also two-bedders that range from 527 to 1,012 sq ft.
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in key District 10. It has a 99-year leasehold term. The project is by Singapore builder SC International Advancements as well as two Hong Kong-listed real estate business, New World Development and also Far East Consortium. The 28-storey property development comprises a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
Cuscaden Reserve launched its very first exclusive sneak peeks in 3Q2019, and also the first transactions were recorded in September 2019. According to URA warnings, three units were marketed that month. A 700 sq ft, one-bedroom unit on the seventh level was sold for $2.33 million ($3,327 psf) on Sept 13, while two adjoining 926 sq ft, three-bedders on the fifth level were each sold for $3.23 million ($3,489 psf) on Sept 14.
Based on URA warnings, only 10 cautions have actually been lodged at Cuscaden Reserve to date.
The week also saw another deluxe development achieve a brand-new psf rate 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 track record 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.