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 condo at the upcoming Cuscaden Reserve has actually prepared a brand-new psf-price high in the ultra-luxury apartment. The record-setting unit is on the 26th level as well as was promoted by the builder for $4.45 million ($3,830 psf) on June 24.
The development was at first released offer for sale in April 2021, and also according to URA signs, 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, and a 764 sq ft two-bedder that was worked out for $2.06 million ($2,692 psf) on April 17.
These two transactions are the only 2 developer sales at the undertaking thus far this annum.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime District 10. The venture is a redevelopment of the previous iLiv@Grange. The new venture is expected to be accomplished by the end of 2026. The venture consists of a solitary 16-storey household block on a 20,322 sq ft, estate area. The unit mix consists of one-bedders and also two-bedders that extend from 527 to 1,012 sq ft.
The 192-unit project is located in among one of the most exclusive residential areas in Singapore. It is beside an additional ultra-luxury venture, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Blvd 88 can be discovered on close-by Orchard Blvd. Completed projects in the place feature The Regent Hotel Singapore, St Regis Hotel Singapore as well as St Regis Residences.
This is a little higher than the previous log which had actually been set by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th level. This unit was marketed by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
Cuscaden Reserve started its initial confidential sneak peeks in 3Q2019, and the very first transactions 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 level was cost $2.33 million ($3,327 psf) on Sept 13, while two adjoining 926 sq ft, three-bedders on the 5th ground were each cost $3.23 million ($3,489 psf) on Sept 14.
Cuscaden Reserve is an ultra-luxury plan on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold term. The property is by Singapore developer SC International Advancements and two Hong Kong-listed estate business, New World Development as well as Far East Consortium. The 28-storey property consists of a mix of one- to four-bedroom units that range from 700 to 2,099 sq ft.
Based upon URA signs, just 10 signs have actually been lodged at Cuscaden Reserve to day.
The week also saw one more high-end building accomplish a brand-new psf fee high. An 829 sq ft, two-bedroom unit at Grange 1866 was marketed by the builder for $2.61 million ($3,145 psf) on June 23. This leaps over the previous track record which had been set up by a 764 sq ft, two-bedroom unit. That unit brought $2.3 million ($3,007 psf) on May 29.