Luxury Homes in Singapore9307066
There are generally three primary categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Offered the new terms that have emerged in current 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? While there are numerous factors which can figure out the classification of a property, we can filter down to seven key ones. They are:
1. Place 2. Price 3. Size 4. Layout 5. Furnishings (interior and external) 6. Neighbouring homes and amenities 7. Safety
For a small country like Singapore where land is scarce, factors such as size and instant surroundings are notched up higher 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 consists of twenty four hour security.
In the case of Singapore, more importantly, townhouses are not restricted to foreign ownership in contrast to 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 three thousand square feet, every 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.
Three of the top streets in Singapore which function 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 recent recognition for shoe-box units. The lower costs of these units come with a relatively higher dollar per square feet unit rental rates but limited capital appreciation. Upon additional crucial analysis by way of the important elements, these three hundred to 5 hundred square feet units, regardless of the luxurious names given to them, are not considered luxury homes, even if they are located in a prime place and plastered with expensive gold foil.
