Luxury Homes in Singapore3199028
There are usually 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 choices? While there are numerous factors which can determine 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 nation like Singapore where land is scarce, factors such as size and instant 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 within a condominium. Not only does it offer 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 unlike 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 feature 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 appreciate direct access to the swimming pool and lush gardens in the backyard.
3 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, particularly in the recent recognition for shoe-box units. The lower prices of these units come with a fairly greater dollar per square feet unit rental prices but limited capital appreciation. Upon further crucial analysis by way of the important elements, 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 place and plastered with costly gold foil.
