Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
These two transactions are the only two 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 venture is a redevelopment of the former iLiv@Grange. The new property is expected to be completed by the end of 2026. The property makes up a solitary 16-storey property block on a 20,322 sq ft, property area. The unit mix contains one-bedders and two-bedders that range from 527 to 1,012 sq ft.
Cuscaden Reserve launched its first personal sneaks in 3Q2019, and also the first deals were taped in September 2019. According to URA caveats, 3 units were offered 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 floor were each sold for $3.23 million ($3,489 psf) on Sept 14.
The development was initially released offer 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, 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.
Around the week of June 20 to 24, the purchase of a 1,163 sq ft, three-bedroom condo at the upcoming Cuscaden Reserve has set up a new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th floor and also was sold by the developer for $4.45 million ($3,830 psf) on June 24.
The 192-unit project is nestled in among one of the most distinctive residential areas in Singapore. It lies one more ultra-luxury plan, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be discovered on nearby Orchard Boulevard. Completed projects in the location include The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Based on URA caveats, just 10 signs have been lodged at Cuscaden Reserve to date.
The week also saw an additional high-end project attain a brand-new psf price 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 track record which had actually been set up by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
This is somewhat higher than the last report which had actually been set by the sale of a 936 sq ft, two-bedroom unit that is likewise on the 26th floor. This unit was marketed 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 tenure. The property is by Singapore builder SC Global Advancements and also 2 Hong Kong-listed realty business, New World Development and Far East Consortium. The 28-storey property consists of a mix of one- to four-bedroom units that differ from 700 to 2,099 sq ft.