The Singapore luxury condo market sales are projected to steadily rise in 2017 Business Times reports. It all started when the deferral of payment scheme was successfully brought back into the spotlight by District 9 condo OUE Twin Peaks during the first quarter of 2016. Many Singapore property developers were surprised by the positive feedback it earned but decided to try a similar modified scheme.
The towering skyline of a Singapore business district
With the investors’ warm welcome of the deferral of payment scheme, many people sought to buy Singapore condos. The luxury Singapore property market then began to rise again. But what exactly is it that defines a Singapore luxury condo that would make you want to invest in it? Here’s what you’ll find when you invest in a Singapore luxury condo:
1) Extravagant designs
Are you looking for a western-style home? Or perhaps an intricately designed unit? Design is one of the key factors when choosing a condo and Singapore luxury condos don’t hold back when it comes to it. Well known for their exquisite and refreshing designs, luxury condos in Singapore are a sight to behold.
Luxury developers occasionally partner with world renowned architects and interior designers to create stunningly elegant developments. The Marq, an ultra luxury condominium by SC Global, partnered with Yves Taralon of La Table Hermès for its lavish interior design and furniture. Units in Cairnhill Nine by Capitaland have kitchen systems from Italian brand Ernestomeda. Investing in luxury condos in Singapore means investing in the best quality of life.
The living and dining room of a unit at Cairnhill Nine | Photo courtesy: Cairnhill Nine
2) Best views for amazing prices
Buyers consider the recreational facilities a condo can offer before buying it. One recreational facility taken for granted are the scenic views that a property can offer. When you buy a luxury Singapore condo, there’s always a great view waiting for you. Sometimes it’s the busy city skyline. Sometimes it’s the vast picturesque ocean. Whatever sight is set before you, you’ll surely find it hard not to gaze out in awe.
In a report, CNBC said that Singapore luxury property was a much cheaper property investment for multinationals compared to other countries. Luxury property in New York, London, and Hong Kong were reportedly priced 165% higher than in Singapore. The report also notes that Singapore luxury property costs around $2000 per square foot which is considered cheap compared to other overseas properties.
Most Singapore luxury condos are situated in the prime locations of District 9, District 10, and District 11. So rest assured that you’re always just minutes or a short drive away from the nearest MRT line or expressway.
Newton 26 by Novelty Group is a District 11 condo that provides cosmopolitan-style living with utmost convenience. Its minutes away from MRT stations and expressway. CBDs and the famous Orchard Road are also nearby.
Martin Modern’s planned exterior design