The Hideaways Club is in Singapore looking for its latest addition to its timeshare property portfolio. To be dubbed The Hideaways Club – City Collection, the luxury property fund is checking out high-end apartments all over the country. The Hideaways Club founder Mike Balfour was in Singapore very recently to sneak a peak at several luxury properties as well.

Right now, Balfour's team of property hunters are now eyeing several high-end units of their choice, but chances are small that they'll be selecting one out of extremely expensive establishments such as Orchard Residences or the Ritz-Carlton Residences, whose prices have fetched amounts almost larger than S$4,000 per square feet in transactions.

Instead, they will be searching for luxury properties that still offer value for money despite being considered as luxurious accommodations. Balfour was quoted as saying that "if these homes have a brand-name to it, they usually command a premium. And we would like to maintain our profit margins."

Source: TodayOnline.com