Luxury Homes in Singapore

There are usually three 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, 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 elements which can figure out the classification of a property, we can filter down to seven important ones. They are:

1. Location 2. Cost 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, elements 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 within a condominium. Not only does it offer 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, 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 way of life needs, townhouse collections can feature a spacious and multi-storey living space. With over three thousand square feet, each 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 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 factors should help an interested investor / purchaser of property to be discerning, particularly in the current 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 further crucial analysis via the key elements, these 3 hundred to 5 hundred square feet units, regardless of the luxurious names offered to them, are not regarded as luxury homes, even if they are situated in a prime location and plastered with costly gold foil.

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