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: Home
The Significance of Pure Air Inside Your Home
Have you ever climbed up mountains? If so, what do you do when you reach the top? Most people open their arms, close their eyes, and take a deep breath. That is the special thing about clean and fresh air. You feel like taking a pause and inhaling fresh air. Over the past year, we have faced several waves of coronavirus. These days, we have been warned about another wave of this virus. Therefore, the importance of clean air has been increasing day by day. In this article, we are going to find out why air quality is important when it comes to our indoor environment.
The impact of pollution on your indoor air
No matter where you go, you will have to face the consequences of poor quality. Even if you are alone in your home, you will still be prone to polluted air. Every year, more than 1 million people lose their life because of air pollution.
According to some reports, India is among the top 10 countries in the world with the worst air quality. The effect of polluted air is more evident as people spend over 90% of their time inside their homes. Another research study found that residents are at a greater risk of covid-19.
As a matter of fact, indoor air pollution has become an international concern. We can say that pollution levels inside and in closed spaces are up to five times higher. Since most pollutants are not visible to the naked eye, you may not be able to aware of the dangers of dirty air.
Indoor air pollutants may be generated by common household items, such as cleaning agents, cooking fuel, furniture polish, pet dander, and paint. Apart from this, domestic appliances such as refrigerators and heaters may also be the common source.
Since homes are not airtight, air pollutants can easily get in. For example, smog, smoke, mold spores, and dust can get into your house through your windows or doors. Air conditioners can be used to cool down your rooms. But the downside is that they can also boost the movement of pollutants across your house.
What can you do to purify your indoor air?
Basically, air purifiers are simple devices that receive dirty air and put it out after passing it through powerful filters. Nowadays, you can choose from hundreds of air purification units available in the market. They are based on a wide range of technologies. They are available in different sizes to cover rooms of different sizes.
Nowadays, most types of air purifiers depend on HEPA technology. Initially, this technology was introduced in the 40s in order to capture pollutants from the air. Although these filters have been used for the filtration of particulate matter, they may not be that effective when it comes to eliminating volatile organic compounds.
Therefore, if you are worried about your health, we suggest that you invest in a type of device that comes with a HEPA filter. With these units, filtering your indoor air will be a piece of cake. Therefore, you can count on these devices to and ensure clean air inside your house.