Singapore’s high-end homes offer stunning designs and sophistication
By EdgeProp Singapore
/ EdgeProp |
Singapore’s residential property market sprang back to life in 2017 after four consecutive years in decline. This was due to the cumulative effects of various cooling measures that include the Total Debt Servicing Ratio (TDSR) that was implemented in June 2013.
The broad-based recovery of the private home market has flowed into the high-end property segment, which is now seen as an attractive value proposition for wealthy buyers as prices of similar upmarket condos in other international markets have not softened.
But what exactly defines a luxury condo? For a start, they often come with killer views and sleek, ultra-modern furnishings to keep up with expectations of high-net-worth individuals seeking a lush abode within prestigious neighbourhoods. Here’s a deeper look at what you will find when you invest in an upmarket condo in Singapore.
Extravagant designs and furnishings
Reflections at Keppel Bay comprises 1,129 luxury apartments in six glass towers of five to 41 storeys and 11 low-rise apartment villa blocks.
Are you looking for a contemporary-style home? Or perhaps an intricately designed unit? Design is one of the key factors that buyers look at when choosing a home, and luxury condos in Singapore are known for their exquisite designs.
Often, developers also team up with world-renowned architects and interior designers to create visually stunning projects. For instance, Reflections at Keppel Bay and Corals at Keppel Bay – both designed by renowned Polish-American architect Daniel Libeskind – share similar resort and sea-facing characteristics as Sentosa Cove properties.
In addition, luxury homes are also often known for their lavish interiors and furnishings. Units at the new Daintree Residence condo at Bukit Timah for a start, have kitchen systems from the European brand De Dietrich, and bathroom accessories from German brands Hansgrohe and Duravit.
Accessibility and amenities
Daintree Residence in Bukit Timah is conveniently located near shopping amenities like Bukit Timah Shopping Centre
Many luxury developments in Singapore are situated in prime areas, so rest assured that you will be in close proximity to public transportation or are just a short drive away from the nearest MRT line or expressway.
Daintree Residence in Bukit Timah is conveniently located near Beauty World MRT station and is close to Bukit Timah Expressway and Pan Island Expressway, offering residents convenient access to all parts of the island. Residents of the condo on Toh Tuck Road will also enjoy shopping amenities such as the nearby Bukit Timah Shopping Centre, Holland Village, West Mall and Bukit Timah Plaza.
The project’s proximity to well-known schools such as Bukit Timah Primary School, Pei Hwa Presbyterian Primary School and Hwa Chong Institution offer further convenience and ease of commuting for families with school-going children. It is also close to is also close to Bukit Timah Nature Reserve, making it an attractive choice of accommodation for families and nature lovers alike.
Better prospects of capital upside
Compared to prime residential markets of Hong Kong, Sydney, Melbourne and Tokyo, Singapore properties appears to offer better prospects of an upside in prices
According to JLL’s April 2018 report on the local luxury residential market, Singapore is likely to be on the radar screens of international investors seeking to purchase luxury properties. For one, its residential market has bottomed and is in the midst of a frenzied housing recovery. JLL also notes that the prime residential markets of Hong Kong, Sydney, Melbourne and Tokyo are nearer the top end of their market cycles or peaking, while the prime London market is already past its peak and is in decline.
Viewed from this perspective, Singapore appears to offer better prospects of an upside in prices, which is a key consideration for investors, says JLL. It forecasts luxury unit prices to rise about 10% in 2018, taking into account sustained demand balanced against a healthy supply pipeline.
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