Luxury Homes in Singapore2522324
There are usually 3 primary categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Offered 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 various factors 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 nation like Singapore where land is scarce, factors such as size and immediate surroundings are notched up higher on the priority ladder. Within a closely packed city, to cater to the psychological needs of space, property developers have built Townhouses - landed homes set inside a condominium. Not only does it provide the exclusivity and comfort of landed living, it also offers a full suite of facilities that consists of twenty four hour safety.
In the case of Singapore, more importantly, townhouses are not restricted to foreign ownership in contrast to cluster and landed housings. This offers foreigners who are used to landed living an alternative housing option. Designed to suit home-owners' discerning lifestyle needs, townhouse collections can function a spacious and multi-storey living space. With over three 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, especially in the current popularity for shoe-box units. The lower prices of these units come with a fairly higher dollar per square feet unit rental prices but limited capital appreciation. Upon additional critical analysis via the key factors, these three hundred to 5 hundred square feet units, despite the luxurious names given to them, are not considered luxury homes, even if they are located in a prime place and plastered with expensive gold foil.
