Luxury Homes in Singapore9730120
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 decisions? While there are numerous factors 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. Safety
For a small country like Singapore exactly 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 constructed 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, 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 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 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 assist an interested investor / purchaser of property to be discerning, particularly in the current popularity for shoe-box units. The reduce prices of these units come with a relatively higher dollar per square feet unit rental prices but limited capital appreciation. Upon additional critical analysis via the key elements, these three hundred to five hundred square feet units, despite the luxurious names offered to them, are not considered luxury homes, even if they are situated in a prime place and plastered with expensive gold foil.
