Luxury Homes in Singapore3483399
There are generally three main categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Offered 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 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. Security
For a small country like Singapore 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 built Townhouses - landed homes set within 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 security.
In the case of Singapore, much more importantly, townhouses are not restricted to foreign ownership in contrast to 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 function a spacious and multi-storey living space. With over 3 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.
3 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 factors should assist an interested investor / purchaser of property to be discerning, particularly in the recent popularity for shoe-box units. The lower costs of these units come with a relatively greater dollar per square feet unit rental rates but limited capital appreciation. Upon further crucial analysis by way of the key factors, these three hundred to five 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 location and plastered with costly gold foil.
