Luxury Homes in Singapore3175684
There are usually 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 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 numerous factors which can determine the classification of a property, we can filter down to seven important ones. They are:
1. Place 2. Cost 3. Size 4. Layout 5. Furnishings (interior and external) 6. Neighbouring homes and amenities 7. Safety
For a small nation 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 constructed 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 includes twenty four hour safety.
In the case of Singapore, more importantly, townhouses are not restricted to foreign ownership unlike 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, 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.
3 of the top streets in Singapore which function luxury houses include Chatsworth Road, Nassim Road, and Bishopsgate. Boulevards aligned with trees, generous space 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 recent recognition for shoe-box units. The lower prices of these units come with a fairly greater dollar per square feet unit rental rates but limited capital appreciation. Upon further crucial analysis via the key factors, these three hundred to 5 hundred square feet units, despite the luxurious names given to them, are not regarded as luxury homes, even if they are situated in a prime place and plastered with expensive gold foil.
