{"id":102393,"date":"2018-12-19T11:54:20","date_gmt":"2018-12-19T04:54:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-affordable-waterfront-homes-can-be-found-in-singapore\/"},"modified":"2018-12-19T12:03:11","modified_gmt":"2018-12-19T05:03:11","slug":"most-affordable-waterfront-homes-can-be-found-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-affordable-waterfront-homes-can-be-found-in-singapore\/","title":{"rendered":"Most affordable waterfront homes can be found in Singapore"},"content":{"rendered":"


\nView of bungalows at the prime Sentosa Cove enclave in Singapore.
\nSingapore recorded the lowest premium for waterfront homes among 12 major cities around the world due to its plethora of waterscapes, according to a new report from property consultancy Knight Frank.
\n\u201cAnalysis shows there is some correlation between the volume of water and the premium generated. Where water is in abundance \u2013 island properties such as Hong Kong and Singapore \u2013 the premium is smaller.\u201d
\n\u201cSingapore registers the lowest premium (7.7 percent) and here our research confirms that sea views command a higher premium than river views,\u201d it said.
\nMore:\u00a05 Singapore properties that \u2018Crazy Rich Asians\u2019 will love
\nMeanwhile, waterfront homes in Sydney commanded the highest premium of 89 percent, particularly those that offer panoramic views of Harbour Bridge or the iconic Sydney Opera House.
\n\u201cFrom its iconic New Year celebrations to the starting point of the Sydney to Hobart yacht race on Boxing Day, residents are treated to expansive views of one of the world\u2019s best waterscapes,\u201d said Knight Frank\u2019s director of research Michelle Ciesielski.
\nCompleting the world\u2019s top five places with the highest premium for waterfront residential properties are Australia\u2019s Gold Coast (64.1 percent), Perth (53.2 percent), Dubai (50.7 percent) and Paris (48 percent).
\nOn the other hand, the bottom five are Melbourne (30.4 percent), London (30 percent), Berlin (28 percent), Monaco (11.1 percent) and Singapore, where waterfront homes registered a premium of 7.7 percent.
\nIn terms of nationalities, the top five seekers of waterfront homes are those from the UK, the US, Canada, Germany and France.
\nBy category, Knight Frank revealed that residential properties facing harbours command the highest premium of 59.1 percent, followed by beachside dwellings with 58.5 percent. Houses along rivers posted a premium of 36.8 percent, while lakeside residences have the lowest premium of 32.7 percent.\u00a0\u201cWater has global appeal, by producing negative ions it boosts energy with research showing it has significant health benefits,\u201d explained the property consultancy. It added that for the Chinese, waterscapes are important considerations when purchasing a home due to Feng Shui.
\n\u201cWater signifies wealth in Feng Shui and can bring good fortune and prosperity. It should be slow moving and clean, rather than stationary and stagnant. The property should be elevated above the water and if on a river, should ideally be positioned on a winding section where the pace of flow is slower. Fast moving streams and rivers are often avoided as this suggests wealth is rolling away,\u201d it said.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Most affordable waterfront homes can be found in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of bungalows at the prime Sentosa Cove enclave in Singapore. Singapore recorded the lowest...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102393","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qDv","jetpack-related-posts":[{"id":110040,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/premium-prices-for-hdb-flats-at-greater-southern-waterfront\/","url_meta":{"origin":102393,"position":0},"title":"Premium Prices for HDB flats at Greater Southern Waterfront?","date":"August 20, 2019","format":false,"excerpt":"\r Property experts believe that public housing units at the Greater Southern Waterfront (GSW) project would come with premium prices, given its attractive location. 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