Mid-end luxury markets are properties that are usually located in the outer central region. They are normally located outside the boundary of the District 9, 10, or 11. The present market value of the mid-end luxury market properties ranges from $1,100 to $1,500 psf. However, it would be difficult for this market category to go beyond the price level of $1,600 with the ceiling prices that Leonie Studio and Shenton are offering. Leonie Studio ceiling price ranges from $1,700 to $1,800 while the Shenton ceiling price ranges from $1,800 to $2,000. Considering the ceiling prices disparity and the property classification, the mid-end luxury market could not achieve a price that goes beyond the $1,600. Average price level could be close to $1,300 and $1,400 levels for the mid-end luxury market. The mass market condominiums are selling at an average price range of $1,000 to $1,100 psf for over 99 years with properties located at the non-traditional prime areas.Holding power of buyersThe unemployment rate in Singapore is about 2.2% in March 2010 (source: Ministry of Manpower). The physical shortage of the HDB supply is not immediately balance when the government is issuing land. The country is still experiencing shortage of HDB supply. The sudden downward spiraling of prices may not affect much the property buyers as long as property buyers offer reasonable prices and do not over bid. The best strategy is for the property buyers to bid within the median of the property prices in Singapore to be strongly competitive. Although this may not be applicable to highly priced developments or projects that demonstrate larger swings, this is good enough to keep up with the competition in cases of low HDB supply.HIGH END MARKET versus Mass MarketThe high-end market could still sustain a low HDB supply situation with the potential to appreciate its value including the properties located near the location of the high-end market. They would escalate too whenever the high-end properties near their location raise their market value. Properties with attributes comparable to the best locations across the globe will have a price benchmark equivalent or comparable to the internationally known best properties in other known locations. Exclusive attributes such as the Yacht Berthing, sea view, special butler service, near to exclusive resorts, within town and financial centers, centers of entertainment or other activities could help increase the worth of the property.
Tag Archives: commercial
5 Tips To Help You Purchase An Air Purifier For Your Business
Today, businesses around the world are getting back to normal after the pandemic. However, there is still a lot of risk of airborne transmission of bacteria and viruses. Due to wearing a mask and staying away from people, most people have become weaker as far as immunity is concerned. Therefore, they are unable to protect themselves against respiratory viruses, such as the common cold and flu. If you are in this situation, we suggest that you invest in a good air purifier. Given below is a description of 5 tips that can help you purchase the best unit.
Technology
We suggest that you go for the best technology to cover your needs. According to the Centers for Disease Control and Prevention (CDC), air purifiers with HEPA filters can help you capture tiny particles of COVID-19. As a supplemental treatment, you can also go for germicidal ultraviolet light.
The good thing about HEPA filters is that they are made to capture more than 99% of airborne particles. They also have a high filtration capacity.
Strong Airflow
According to CDC, your chosen unit should have a powerful fan for the best circulation of air in your home or office. In other words, you cannot use residential units in your office or other commercial building. The reason is that they have weekend fans.
The point is that high-powered fans create a lot of air pressure. The idea is to make sure that there is enough airflow for proper air circulation across the whole place. For a commercial, you may want to invest in a medical-grade air purifier.
Reputation
Reputation is another major factor that you must consider. If you want to purchase a business air purifier, we suggest that you don’t just buy from any reputable brand. What you need to do is consider independent scientific testing performed in real-life situations. Besides, these tests should be done at a reputable center for validating claims.
Besides, you may want to consider case studies and get in touch with a few quoted customers in order to know about their experience. As a matter of fact, most buyers can happily share their views about the products that they have purchased.
So, you may want to read the sustainability credentials of the manufacturer before making this purchase for the first time.
Cost
You may want to purchase these devices as if you are going to make an investment. You may not want to take it as a cost or expense. Unlike a residential air purifier, hospital-grade units are far more expensive. Therefore, you may want to consider the cost factor before setting your project and purchasing these units for your business needs.
Conclusion
Long story short, we suggest that you consider these essential factors if you are going to purchase an air purifier for your business for the first time. The idea is to ensure that you get the best product that will cover your needs and stand the test of time. Hopefully, these five tips will help you make an informed decision.