If you’re in the market for a new investment property, make it one with a waterfront view. With great views, gentle breezes and easy access to water activities such as boating and fishing, a waterfront home is a dream for many people and a shrewd investment for those looking to dip into the property pool. Here are some reasons why they make financial sense.
It’s worth it
In real estate, it’s all about location, and a waterfront home boasts one that is prime. Knight Frank, a global property consultancy firm that has been tracking the prices of waterfront homes compared to inland ones for years, has found that people are willing to pay up to twice as much to live by the water.
The premium was found in cities around the world, from Phuket to Dubai and Miami to Majorca. Waterfront properties in up-and-coming cities are an especially savvy investment – due to the limited number of homes that can be built next to waterways, they tend to appreciate in value when the land around them is developed.
Keppel Land’s Riviera Point condominium in Vietnam is a prime example. Located next to the Ca Cam River and near the commercial centre of Phu My Hung, the premium property will be a destination for retail, services and a wide range of food and beverages choices by the river, a development that’s likely to boost its real estate value.