Everyone knows that real estate – residential or commercial, it does not matter – which is located in the central part of Singapore, regardless of condition is much more expensive than similar in area and quality of equipment, but located on the outskirts.
But this is not the only factor that determines the value of luxury real estate. Here is our expert’s list of what most often affects pricing in the premium real estate segment.
Area and location of the house
The prestige of the area in which the property is located, its infrastructure, proximity to parks, green areas and reservoirs, transport accessibility and ease of access to the main highways of the city – these are the most important points influencing the price of real estate class “business” and above.
Type and material of the house, planning
Buyers prefer brick houses, which have much better heat and sound insulation, or buildings, the construction of which has already taken into account these factors. Here Amber Sea developers must mention the planning – for those who buy luxury real estate, it is important not only the number of square meters, but also how modern, comfortable and practically distributed space. An important component of the cost here is also the presence of a balcony and private terrace. Read more on Amber Sea official detailed overview.
Condition and quality of repairs in the apartment
We live in an age when people have become more important in their health and the environment in which they spend their time. Of course, this is also taken into account when choosing housing and also affects the value of real estate. It goes without saying that the fresher the repair, the more valuable it is in the total cost of the apartment or house, but no less important materials that were used in the implementation – natural stone and wood in the cladding, quality paint, wallpaper and more, this is why not save and what those who choose real estate in luxury homes are willing to pay for.
View from the window, the area near the house and the condition of the entrance
Wonderful panoramas of the city, beautiful scenery from the windows surrounding the sights, a quiet closed courtyard, the landscape of the inner complex, the presence of playgrounds, swimming pool, football field, landscaping – this is what adds to the price of all real estate. Owners of business and premium housing emphasize that they are willing to pay extra for the preventability of the entrance group and the hall of the house, as this is something that can lead or spoil the impression before you get into the condominium.
Security of residence
Probably, this item should be one of the first on this list, because at home you just want to relax, sleep peacefully and do household chores, go for a long time from home to other cities and countries, and put all care for the safety of your property and your security company.
The floor on which the apartment is located
This point is usually in the assessment of the cost of apartments of “economy” and “comfort”. And this is understandable. If the house does not have an elevator, the apartments above the third floor will be cheaper. When forming the value of luxury real estate – this is also an important factor, because with the density of buildings in the area, with each floor increases and view from the windows, and the distance from noise and dust from the yard or roadway while the windows are open.
Real estate prices may fall and rise under the influence of external circumstances. But these components will always be in the price for those who choose life at the highest level.