What you need to know before taking the plunge into waterfront properties
By EdgeProp Singapore
/ EdgeProp |
Waterfront properties carry a distinctive charm and beauty, since you’re basically buying a living space and water at the same time. However, there are unique challenges and considerations when it comes to purchasing a waterfront home.
Below are a few important considerations to run through before taking the plunge into waterfront living.
1) Choosing the right “water”
Waterfront properties are not all the same. For instance, if you’re an avid boater, a seafront property may be the best option for you. But if you want peace and quiet, you might be better served by living near a smaller body of water that is more remote.
The upcoming 729-unit The Tre Ver, for instance, will overlook the Kallang River and offer its future residents a living experience that isn’t just serene, but is also close to Mother Nature. Designed by WOHA – a Singapore-based architectural practice renowned for their integration of environmental and social principles in their designs – most of the existing trees lining the leasehold project’s riverfront will be preserved throughout the various stages of its development.
2) The weathering of materials
Waterfront homes tend to receive more damage from the elements than the average home. Whether it is strong winds, heavy rain or salt water, excessive moisture from large bodies of water can take its toll on even the most structurally sound buildings.
So when looking at waterfront properties, it is important to ensure that the structure is built to weather wear and tear. For example, sea-facing condos along the Keppel Bay precinct are equipped with window frames and locks that are made of corrosion-resistant materials. Such features can protect an overall structure from accelerated decay.
3) Access to amenities and utilities
This is a basic question that tend to elude some buyers amid the allure of sweet bay breezes and afternoon boat rides. The good news is, many waterfront developments these days are also conveniently located close to various lifestyle amenities and utilities.
For example, future residents of Riverfront Residences, which occupies the site of the former Rio Casa, will enjoy easy connectivity to the integrated transport hub at Hougang MRT station and shopping outlets like Hougang mall and NEX shopping mall.
4) The premier perks
Some waterfront properties come with exclusive offerings such as yachting and boating privileges.
With a lake, river or ocean at their doorstep, waterfront properties also tend to come with unique amenities for their residents. They can range from simple pleasures such as fishing and swimming spots, to more exclusive offerings such as yachting and boating privileges.
For instance, homeowners at Reflections at Keppel Bay and Corals at Keppel Bay get a complimentary 5-year membership at the nearby Marina at Keppel Bay.
5) Upkeep considerations
Last but definitely not least, buyers of waterfront condos will need to consider that these property types often require a difference set of maintenance and upkeep.
It is hence important to factor in the periodical groundwork and any additional costs that might arise from repairs or maintenance of the property due to the effects of surrounding elements or the weather.
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