Every day, 99.co demystifies a piece of property jargon. Today, we’re looking at the hoo-ha about smart homes:
What is a Smart Home?
Smart Homes use Internet of Things (IoT) to create connectivity in home devices.
Wouldn’t you love if you could switch on the air conditioning before reaching home or switch off lights even after you have left home? Unlocking your doors for friends even when you are not at home? Wouldn’t it be nice to control all the features in your home with one remote or, better yet, on your smartphone?
That’s what smart homes are about.
Smart devices for your living room
- Smart outlets control light fixtures and other small electronics for added security, convenience and energy savings.
- Light bulbs set the mood and can also save on energy costs
- Smart detectors combine an HD camera, smoke detector, motion detector and siren into a single, user-friendly device
- Smart sound systems connect with a variety of devices to fill not only the living room but multiple rooms with music
- Remotes control media options with ease
Smart devices for your kitchen
- Refrigerators displaying the interior contents without opening the door
- Wi-Fi-enabled microwaves and ovens work with apps to help cook food correctly
- Smart small appliances like pressure cookers and coffee machines
The Smart Home market is to grow, grow, grow
According to global management consulting firm A.T Kearney, the global smart home market is to grow to SGD$68.9 billion by 2020, with Asia accounting for 30 per cent of the global share.
Countries such as China and Japan, Singapore, South Korea and Taiwan will lead growth in the region.
Smart Home projects in Singapore
- HDB’s Northshore Residences I & II
- The Luxurie
- The Visionaire
- iNz Residence
And you can expect many more over the coming years.
Would you consider buying a Smart Home? Voice your thoughts in our comments section or on our Facebook community page.
Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.
About Natalie Goh
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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