Luxury Homes in Singapore5849348
There are generally three primary 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 factors which can figure out 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. Security
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 inside a condominium. Not only does it offer the exclusivity and comfort of landed living, it also provides a full suite of facilities that consists of twenty four hour safety.
In the case of Singapore, 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 feature 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 appreciate direct access to the swimming pool and lush gardens in the backyard.
Three of the top streets in Singapore which feature 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 factors should assist an interested investor / purchaser of property to be discerning, especially in the current popularity for shoe-box units. The reduce costs of these units come with a relatively higher dollar per square feet unit rental prices but limited capital appreciation. Upon further crucial 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 located in a prime place and plastered with expensive gold foil.
