Luxury Homes in Singapore5960752
There are usually 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 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? Whilst there are numerous elements which can figure out the classification of a property, we can filter down to seven key ones. They are:
1. Place 2. Cost 3. Size 4. Layout 5. Furnishings (interior and external) 6. Neighbouring homes and amenities 7. Security
For a small nation like Singapore exactly where land is scarce, elements 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 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, much 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 way of life needs, townhouse collections can function a spacious and multi-storey living space. With over 3 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 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 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 elements should help an interested investor / purchaser of property to be discerning, particularly in the current recognition for shoe-box units. The reduce prices of these units come with a relatively higher dollar per square feet unit rental rates but limited capital appreciation. Upon additional critical analysis via the key factors, these 3 hundred to 5 hundred square feet units, regardless of 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.
