Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold period. The structure is by Singapore property developer SC Global Developments and also two Hong Kong-listed realty companies, 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.
The 192-unit project is situated in one of the most distinctive houses in Singapore. It is beside one more ultra-luxury property, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be found on neighboring Orchard Boulevard. Finished property developments in the area consist of The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Based upon URA cautions, simply 10 signs have been lodged at Cuscaden Reserve to date.
The week also saw one more deluxe project achieve a brand-new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was offered by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous log which had been arranged by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.
Cuscaden Reserve debuted its first confidential sneaks in 3Q2019, and the very first deals were tape-recorded in September 2019. According to URA caveats, three units were marketed that month. A 700 sq ft, one-bedroom unit on the seventh 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.
These 2 purchases are the only 2 developer sales at the project until now this year.
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime District 10. The property is a redevelopment of the prior iLiv@Grange. The new plan is anticipated to be finished by the end of 2026. The plan comprises a single 16-storey residential block on a 20,322 sq ft, property location. The unit mix contains one-bedders as well as two-bedders that vary from 527 to 1,012 sq ft.
This is somewhat higher than the former report which had been established by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th level. This unit was sold by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
The growth was at first released available in April 2021, and also according to URA warnings, two units were sold that month. They were a 527 sq ft, one-bedroom unit that was yielded $1.45 million ($2,743 psf) on April 15, and a 764 sq ft two-bedder that was transacted for $2.06 million ($2,692 psf) on April 17.
Over the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom condo at the upcoming Cuscaden Reserve has set a brand-new psf-price high in the ultra-luxury apartment. The record-setting unit is on the 26th level and also was marketed by the builder for $4.45 million ($3,830 psf) on June 24.