Luxury Homes in Singapore3113328
There are usually 3 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, 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 elements which can determine the classification of a property, we can filter down to seven key ones. They are:
1. Location 2. Price 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 inside 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, 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 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.
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 factors should assist an interested investor / purchaser of property to be discerning, particularly in the current popularity for shoe-box units. The lower costs of these units come with a fairly greater dollar per square feet unit rental rates but limited capital appreciation. Upon further crucial analysis by way of the important factors, these three hundred to 5 hundred square feet units, despite the luxurious names given to them, are not regarded as luxury homes, even if they are located in a prime location and plastered with costly gold foil.
