There are generally three primary categories of properties in Singapore, namely Luxury property, Mid-tier properties and Mass-market properties. Offered 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 decisions? Whilst there are various elements which can determine the classification of a property, we can filter down to seven important ones. They are:1. Location2. Price3. Size4. Layout5. Furnishings (interior and external)6. Neighbouring homes and amenities7. SafetyFor a small nation like Singapore exactly where land is scarce, factors 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 built Townhouses – landed homes set inside a condominium. Not only does it provide the exclusivity and comfort of landed living, it also offers a full suite of facilities that includes twenty four hour safety.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 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.Three of the top streets in Singapore which function 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 help an interested investor / purchaser of property to be discerning, especially in the recent recognition for shoe-box units. The reduce prices of these units come with a fairly greater dollar per square feet unit rental rates but limited capital appreciation. Upon additional critical analysis by way of the key factors, these three hundred to five hundred square feet units, despite the luxurious names given to them, are not considered luxury homes, even if they are situated in a prime location and plastered with costly gold foil.Like what you learned? Share what you understand concerning luxury properties with your close friends and family by taking them to our website.