Luxury Homes in Singapore7043087
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 choices? While there are various elements which can determine the classification of a property, we can filter down to seven important ones. They are:
1. Location 2. Price 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, elements 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 security.
In the case of Singapore, much 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 lifestyle needs, townhouse collections can feature a spacious and multi-storey living space. With over three 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 appreciate direct access to the swimming pool and lush gardens in the backyard.
3 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 current popularity for shoe-box units. The reduce costs of these units come with a relatively higher dollar per square feet unit rental rates but limited capital appreciation. Upon additional crucial analysis by way of the important elements, these three hundred to five hundred square feet units, despite the luxurious names given to them, are not considered luxury homes, even if they are located in a prime location and plastered with expensive gold foil.
