Luxury houses in Singapore

In general, there are three main categories of properties in Singapore, namely luxury properties, mid-level properties, and mass-market properties. Given the new terms that have sprung up in recent years, including “superprime,” “super-luxury,” “super-luxury,” and “ultra-luxury,” how do we classify properties into their respective categories to aid our investment decisions? While there are several factors that can determine a property’s ranking, we can filter up to seven keys. They are:

1. Rental
2. Price
3. Size
4.Design
5. Furniture (interior and exterior)
6. Neighboring houses and services
7.Security

For a small country like Singapore, where land is scarce, factors such as size and the immediate environment rank higher on the scale of priorities. Within a densely populated city, to meet the psychological needs of space, real estate developers have built Townhouses, homes on land located within a condominium. Not only does it provide the exclusivity and convenience of life on land, but it also offers a complete set of facilities including 24-hour security.

In the case of Singapore, more importantly, semi-detached houses are not restricted to foreign ownership unlike group and land housing. This provides foreigners who are used to living on land with an alternative housing option. Designed to accommodate the demanding lifestyle needs of homeowners, the townhome collections can feature spacious, multi-story living space. At over three thousand square feet, each townhome can have four bedrooms, two stories, a roof terrace and a base with two private car garages. Residents can enjoy direct access to the pool and lushly landscaped backyard.

Three of the main streets in Singapore that feature luxury homes include Chatsworth Road, Nassim Road, and Bishopsgate. Tree-lined boulevards, generous spacing between houses and condominium blocks, tranquility and low traffic density, and of course the song of birds, make these streets the main streets of the densely populated city.

The seven factors listed above should help an interested property buyer/investor to be discerning, especially in the recent popularity of shoebox units. The lower prices of these units come with relatively higher dollar per square foot unit rental rates, but limited capital appreciation. Upon further critical analysis through the key factors, these three to five hundred square foot units, despite the luxurious names they have been given, are not considered luxury homes, even if they are located in a prime location and covered with expensive gold foil.