What Counts As Luxury In The Singapore Real Estate Market

1. A HUGE bathroom, with the requisite his and hersits lifestyle-marketing tack. All 3 developments are a
sinks and standalone bathtubs(i love the claw-footedcalculated move towards projecting a luxurious,
ones but the modern egg-shaped ones like those inprestigious brand image. The 3 projects are: The
Hills and Grange Residences are pretty swank too).Ladyhill, selling at $1,800psf when it was first
2. More than 3000sqft of space- brand new. Olderlaunched, The BLVD, on Orchard Boulevard and the
apartments make the 3000sqft mark easily, withhip sister in the luxurious troika-the Lincoln Modern,
newer developments typically characterized by teenythe latter which I have covered on my segment
flats, and selling at more than $1000psf. So the coldunder 'hip developments'.
rationality behind it all is- if you can beat developer'sMost of these apartments rent for about the same
expectations and pay the same psf amount for aamount as a comparable semi-d with the same top
3000sqft apartment, then THAT's luxury.finishes and quality design. Usually it is a toss-up
3. A brand new,lowrise development- with fourbetween the grounds and privacy that living in a
carpark lots. (It exists!) What this translates into ishouse affords and the convenience and security of
exorbitant maintenance costs- the costs ofliving in an apartment. There are hidden costs of living
maintaining a swimming pool, carpark, security guard,in a house, such as pool and garden maintenance.
etc, is divided between that much fewer residents.Maintenance costs for apartment living is shared by
And an allocation for four carpark lots is way toothe residents and has been included in the rental. Yet,
decadent in landscarce Singapore. As is thethere is also the exclusivity of having your own pool
assumption that residents would drive four cars in aand garden for the children and dogs to run around.
city characterised by sky-high COEs.Security factors like having the condominium security,
4. A private concierge service. All the developmentsthe card access system, etc, might also sway you to
in my favourite, luxurious troika has access to achoose living in a condominium as opposed to a
concierge service.house although of course, some exclusive
"Luxurious apartmentstownhouses do provide security as well- giving you
As the condominium market become morethe best of both worlds. Ultimately, people who
competitive and high-rise living becomes a consciouschoose condominium living need the ease of a
choice, developers have been coming up withfuss-free lifestyle, especially if they expect to be
developments promoting lifestyle statements.travelling a lot. There are some penthouses with a
Developments such as the Pier, Icon, the Arris,private pool, which offers part of the exclusivity of
amongst others, are targeted at a rarefied segmentlanded housing in not having to share amenities. Yet
of society-in this case the urban young single/coupleagain, this leads to the inevitable costs of pool
intent on living the good life.maintenance which high-rise living is supposed to do
SCGlobal , not a mega developer in the sense ofaway with in the first place. "
having lots of projects under its portfolio, having5. A private pool.
come up with all of 3 projects so far, is succeeding in