Three-bedroom unit at The Waterside rakes in $2.8 mil profit

Cuscaden Reserve released its initial personal previews in 3Q2019, as well as the very first purchases were taped in September 2019. According to URA caveats, three systems were marketed that month. A 700 sq ft, one-bedroom system on the 7th flooring was sold for $2.33 million ($ 3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th flooring were each sold for $3.23 million ($ 3,489 psf) on Sept 14.

The 192-unit development is snuggled in one of the most exclusive suburbs in Singapore. It is beside another ultra-luxury job, the 54-unit Park Nova on Tomlinson Road, while the 154-unit Boulevard 88 can be found on neighboring Orchard Boulevard. Finished developments in the location include The Regent Hotel Singapore, St Regis Hotel Singapore and St Regis Residences.

These two purchases are the only 2 developer sales at the task until now this year.
The job makes up a single 16-storey residential block on a 20,322 sq feet, property site. The unit mix consists of one-bedders and two-bedders that range from 527 to 1,012 sq ft.

Cuscaden Reserve is an ultra-luxury project on 8 Cuscaden Road in prime District 10. It has a 99-year leasehold period. The advancement is by Singapore designer SC Global Developments and 2 Hong Kong-listed real estate business, New World Development and also Far East Consortium. The 28-storey advancement comprises a mix of one- to four-bedroom units that vary from 700 to 2,099 sq ft.

Grange 1866 still regulates a somewhat greater average rate contrasted to most of the surrounding estate developments such as Paterson Residence, The Paterson, and Paterson Suites which have average marketing prices of $2,446 psf, $2,513 psf and $2,709 psf, respectively.

Cuscaden Reserve is in among one of the most prime residential neighbourhoods, as well as it takes pleasure in distance to amenities and also conveniences.

Based upon URA cautions, only 10 caveats have been lodged at Cuscaden Reserve to date.

The Reserve Residences

Grange 1866 has actually regulated somewhat greater prices contrasted to several of the surrounding condos. The complete cost comparison checklist can be located of EdgeProp.sg

There were no project lows recorded between June 20 as well as 24.

The job has an ordinary asking price of regarding $3,076 psf. This is reduced contrasted to one of the most just recently finished growth in the area, Gramercy Park, which was finished in 2016 and also has an ordinary price of $3,289 psf. Nevertheless, Grange 1866 still regulates a somewhat greater average cost compared to a lot of the bordering property developments such as Paterson Residence, The Paterson, as well as Paterson Suites which have typical market price of $2,446 psf, $2,513 psf as well as $2,709 psf, specifically.

Over the week of June 20 to 24, the sale of a 1,163 sq ft, three-bedroom house at the upcoming Cuscaden Reserve has set a brand-new psf-price high in the ultra-luxury condo. The record-setting system is on the 26th floor and was sold by the developer for $4.45 million ($ 3,830 psf) on June 24.
This is a little higher than the previous record which had actually been set by the sale of a 936 sq ft, two-bedroom unit that is additionally on the 26th flooring. This unit was offered by the designer for $3.58 million ($ 3,826 psf) on Sept 23, 2021.

An 829 sq ft, two-bedroom unit at Grange 1866 was sold by the programmer for $2.61 million ($ 3,145 psf) on June 23. That device brought $2.3 million ($ 3,007 psf) on May 29.

Over the 15 months considering that the launch, sales at Grange 1866 have actually been relatively soft. Based on sent developer sales information, the project has an advancing take-up price of 16%. According to URA cautions, there have been 10 sales up until now.

They were a 527 sq ft, one-bedroom device that was marketed for $1.45 million ($ 2,743 psf) on April 15, as well as a 764 sq ft two-bedder that was transacted for $2.06 million ($ 2,692 psf) on April 17.

A 700 sq ft, one-bedroom device on the 7th floor was sold for $2.33 million ($ 3,327 psf) on Sept 13, while two neighbouring 926 sq ft, three-bedders on the 5th flooring were each marketed for $3.23 million ($ 3,489 psf) on Sept 14.

The development was advancement launched originally released in April 2021, and according as well as URA caveats, cautions units 2 sold that offered. They were a 527 sq ft, one-bedroom device that was offered for $1.45 million ($ 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.

The week likewise saw one more high-end development attain a new psf price high. An 829 sq ft, two-bedroom unit at Grange 1866 was sold by the programmer for $2.61 million ($ 3,145 psf) on June 23. This leaps over the previous record which had actually been established by a 764 sq ft, two-bedroom unit. That system fetched $2.3 million ($ 3,007 psf) on May 29.