Ultra-luxury Cuscaden Reserve sees new price high of $3,830 psf
Cuscaden Reserve is an ultra-luxury venture on 8 Cuscaden Road in key District 10. It has a 99-year leasehold tenancy. The property is by Singapore property developer SC Global Advancements and two Hong Kong-listed property firms, New World Development and Far East Consortium. The 28-storey development consists of a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.
Cuscaden Reserve debuted its first private previews in 3Q2019, as well as the very first transactions were taped in September 2019. According to URA caveats, three units were sold 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 2 neighbouring 926 sq ft, three-bedders on the 5th ground were each cost $3.23 million ($3,489 psf) on Sept 14.
This is somewhat higher than the previous track record 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 marketed by the developer for $3.58 million ($3,826 psf) on Sept 23, 2021.
The growth was initially introduced available for sale in April 2021, and also 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, and also a 764 sq ft two-bedder that was transacted for $2.06 million ($2,692 psf) on April 17.
The 192-unit property is located in one of the most restricted suburbs in Singapore. It is beside another ultra-luxury property, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be found on nearby Orchard Blvd. Finished projects in the place feature The Regent Hotel Singapore, St Regis Hotel Singapore and also St Regis Residences.
Based on URA warnings, simply 10 signs have been lodged at Cuscaden Reserve to day.
The week also saw another luxury development accomplish a new psf fee 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 record which had been set by a 764 sq ft, two-bedroom unit. That unit fetched $2.3 million ($3,007 psf) on May 29.
These two transactions are the only 2 builder sales at the venture up until now this year.
Grange 1866 is a boutique, 60-unit condominium on Grange Road in prime Area 10. The venture is a redevelopment of the former iLiv@Grange. The new plan is anticipated to be finalized by the end of 2026. The project consists of a single 16-storey household block on a 20,322 sq ft, property site. The unit mix features one-bedders and two-bedders that range from 527 to 1,012 sq ft.
Around the week of June 20 to 24, the revenue of a 1,163 sq ft, three-bedroom condo at the upcoming Cuscaden Reserve has set a new psf-price high in the ultra-luxury condo. The record-setting unit is on the 26th floor and was promoted by the builder for $4.45 million ($3,830 psf) on June 24.
