Luxury Homes in Singapore1213980
There are generally 3 primary categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Given the new terms that have emerged in current years, such as "super-prime", "super luxury", "uber luxury" and "ultra luxury", how do we classify properties into their respective categories so as to aid our investment decisions? While there are numerous elements which can determine the classification of a property, we can filter down to seven key ones. They are:
1. Location 2. Cost 3. Size 4. Layout 5. Furnishings (interior and external) 6. Neighbouring homes and amenities 7. Security
For a small country like Singapore where land is scarce, elements such as size and instant surroundings are notched up higher on the priority ladder. Inside a closely packed city, to cater to the psychological needs of space, property developers have built Townhouses - landed homes set within a condominium. Not only does it provide the exclusivity and comfort of landed living, it also provides a full suite of facilities that includes twenty four hour safety.
In the case of Singapore, much more importantly, townhouses are not restricted to foreign ownership unlike cluster and landed housings. This provides foreigners who are used to landed living an alternative housing option. Designed to suit home-owners' discerning way of life needs, townhouse collections can function a spacious and multi-storey living space. With over 3 thousand square feet, each townhouse can come in the type of four bedrooms, two storeys, a roof terrace, and a basement with two private car lots. Residents can appreciate direct access to the swimming pool and lush gardens in the backyard.
Three of the top streets in Singapore which feature luxury houses consist of Chatsworth Road, Nassim Road, and Bishopsgate. Boulevards aligned with trees, generous space between houses and condominium blocks, tranquillity and low visitors density, and of course birds chirping, all make these streets the prime ones of the densely populated city.
The above seven listed factors should help an interested investor / purchaser of property to be discerning, particularly in the recent recognition for shoe-box units. The lower prices of these units come with a fairly greater dollar per square feet unit rental prices but limited capital appreciation. Upon additional crucial analysis via the important factors, these 3 hundred to five hundred square feet units, despite the luxurious names given to them, are not regarded as luxury homes, even if they are located in a prime place and plastered with costly gold foil.
