Luxury Homes in Singapore7875525
There are generally 3 main categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Given 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 decisions? Whilst there are various factors which can determine 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 immediate surroundings are notched up greater 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 inside a condominium. Not only does it provide the exclusivity and comfort of landed living, it also offers a full suite of facilities that includes 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 way of life 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 enjoy direct access to the swimming pool and lush gardens in the backyard.
Three of the top streets in Singapore which function luxury houses include Chatsworth Road, Nassim Road, and Bishopsgate. Boulevards aligned with trees, generous space in between houses and condominium blocks, tranquillity and low traffic 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, particularly in the current 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 further critical analysis via the key elements, these 3 hundred to 5 hundred square feet units, despite the luxurious names given to them, are not considered luxury homes, even if they are situated in a prime location and plastered with expensive gold foil.
