3 Cuscaden scores new high of $4,227 psf

/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - In this week’s column, we look at condominium projects that have achieved new highs in terms of psf prices and those that have seen new lows, based on URA Realis data for the week of July 26 to Aug 1. (See also: Stirling Residences sees new high of $2,350 psf)

Highest psf transactions

A two-bedroom unit at 3 Cuscaden changed hands for $3.23 million, or $4,227 psf (Credit: Sustained Land)
The highest transaction recorded on a psf basis was for a 764 sq ft, two-bedroom unit at 3 Cuscaden. It changed hands for $3.23 million, or $4,227 psf, on July 31.
The freehold unit sits on the 19th floor of the 23-storey tower located on Cuscaden Walk, just off Orchard Boulevard in prime District 10.
The project, launched in late 2018, is developed by Sustained Land and scheduled for completion in November. The tower has 96 units encompassing a mix of one-, two- and three-bedroom apartments, with sizes ranging from 420 to 1,281 sq ft.
3 Cuscaden is located within walking distance to Wheelock Place, Ion Orchard, and the Orchard MRT Station along the North-South Line.
A 614 sq ft, two-bedroom unit at Leedon Green was sold for $1.81 million, or $2,957 psf (Credit: MC Land/Yanlord Land)
Another property that has scored its highest psf price transaction is Leedon Green. A two-bedroom unit on the eighth floor measuring 614 sq ft was sold for $1.81 million, or $2,957 psf, on July 29.
Leedon Green is a freehold condominium project comprising seven towers. There is a total of 638 units made up of one- to four-bedroom apartments. Unit sizes range between 474 and 2,680 sq ft.
The project is a redevelopment of the former Tulip Garden by a joint venture between MCL Land and Yanlord Land. It is located at Leedon Heights in prime District 10. The project is targeted for completion in 2023.
The new record comes two weeks after the development recorded a psf low on July 14, when a 667 sq ft two-bedroom unit was sold for $1.55 million, or $2,318 psf.

Lowest psf transactions

The Quinn, located along Bartley Road, saw a new low in terms of psf price, at $1,083 (Credit: Samuel Isaac Chua / EdgeProp Singapore)
The Quinn, a freehold development located along Bartley Road, saw a new low in terms of psf price from a transaction on July 26. A 2,013 sq ft, duplex penthouse unit changed hands for $2.18 million, or $1,083 psf. The unit comprises three bedrooms with an additional room meant for use as a study or guestroom, as well as a roof terrace.
The Quinn was completed in 2016 by developer Top Global and comprises 139 units.
The development has four 5- storey residential blocks containing one- to four-bedroom units measuring between 484 and 1,744 sq ft. The development is in proximity to three MRT stations, namely Bartley Station on the Circle Line, Woodleigh Station on the North-East Line, and Serangoon MRT Station on the North-East and Circle Lines.
Suites@Changi is another development that saw a new psf low following the transaction of a duplex penthouse unit measuring 1,152 sq ft on July 28. It was sold for $1.25 million, or $1,085 psf.
The owner had purchased the unit for $1.37 million ($1,189 psf) in January 2013, implying a loss of about $120,000.
Suites@Changi is a freehold project comprising just 44 units in a five-storey building. Completed in 2012, it was developed by the Fragrance Group. Unit sizes range from 409 to 1,152 sq ft.
The development is located in District 14 along Changi Road, within the Geylang area.

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