Luxury Homes in Singapore4971917
There are usually three 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, including "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? Whilst there are various factors which can figure out the classification of a property, we can filter down to seven key 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 country like Singapore exactly where land is scarce, factors such as size and instant 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 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 consists of twenty four hour safety.
In the case of Singapore, much more importantly, townhouses are not restricted to foreign ownership in contrast to cluster and landed housings. This provides 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 3 thousand square feet, every townhouse can come in the type 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 elements should help an interested investor / purchaser of property to be discerning, especially in the recent recognition for shoe-box units. The lower prices of these units come with a relatively greater dollar per square feet unit rental rates but limited capital appreciation. Upon additional crucial analysis via the key elements, these 3 hundred to five hundred square feet units, regardless of the luxurious names offered to them, are not considered luxury homes, even if they are located in a prime location and plastered with expensive gold foil.
