Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Over the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom apartment at the upcoming Cuscaden Reserve has prepared a new psf-price high in the ultra-luxury condo. The record-setting unit gets on the 26th floor and also was promoted by the builder for $4.45 million ($3,830 psf) on June 24.
The 192-unit development is nestled in one of the most restricted residential areas in Singapore. It lies an additional ultra-luxury property, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be spotted on close-by Orchard Boulevard. Finalized projects in the location consist of The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
This is a little higher than the last record which had actually been established by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th floor. This unit was sold by the builder for $3.58 million ($3,826 psf) on Sept 23, 2021.
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in top District 10. It has a 99-year leasehold period. The development is by Singapore developer SC International Growths and 2 Hong Kong-listed realty business, New World Development as well as Far East Consortium. The 28-storey development comprises a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
Based upon URA caveats, only 10 signs have been lodged at Cuscaden Reserve to day.
The week likewise saw an additional deluxe property achieve a new psf rate high. An 829 sq ft, two-bedroom unit at Grange 1866 was marketed by the developer for $2.61 million ($3,145 psf) on June 23. This leaps over the previous log which had actually been set by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
The advancement was initially released up 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 cost $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.
These two deals are the only two builder sales at the property until now this year
Grange 1866 is a shop, 60-unit condominium on Grange Road in prime District 10. The plan is a redevelopment of the former iLiv@Grange. The new project is anticipated to be finished by the end of 2026. The property makes up a solitary 16-storey domestic block on a 20,322 sq ft, property area. The unit mix features one-bedders and two-bedders that vary from 527 to 1,012 sq ft.
Cuscaden Reserve released its initial personal sneak peeks in 3Q2019, and the first purchases were recorded in September 2019. According to URA cautions, three units were sold that month. A 700 sq ft, one-bedroom unit on the seventh ground was cost $2.33 million ($3,327 psf) on Sept 13, while 2 adjoining 926 sq ft, three-bedders on the fifth level were each sold for $3.23 million ($3,489 psf) on Sept 14.