Luxury Homes in Singapore3394798
There are generally 3 main categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Offered the new terms that have emerged in recent 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 choices? While there are numerous elements which can figure out the classification of a property, we can filter down to seven important ones. They are:
1. Place 2. Price 3. Size 4. Layout 5. Furnishings (interior and external) 6. Neighbouring homes and amenities 7. Safety
For a small nation like Singapore where land is scarce, factors such as size and immediate surroundings are notched up greater on the priority ladder. Within a closely packed city, to cater to the psychological needs of space, property developers have constructed Townhouses - landed homes set inside a condominium. Not only does it offer the exclusivity and comfort of landed living, it also provides 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 unlike cluster and landed housings. This offers 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 three thousand square feet, each townhouse can come in the form of four bedrooms, two storeys, a roof terrace, and a basement with two private car lots. Residents can enjoy direct access to the swimming pool and lush gardens in the backyard.
Three of the top streets in Singapore which feature luxury houses include Chatsworth Road, Nassim Road, and Bishopsgate. Boulevards aligned with trees, generous space in 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 costs of these units come with a fairly greater dollar per square feet unit rental prices but limited capital appreciation. Upon additional crucial analysis by way of the important factors, these three hundred to 5 hundred square feet units, despite the luxurious names offered to them, are not regarded as luxury homes, even if they are situated in a prime location and plastered with expensive gold foil.
