Island properties in Hong Kong and Singapore are likely to carry smaller premiums than waterfront homes in other countries, according to Knight Frank.

The agency released its Global Waterfront Monitor this month, revealing premiums of waterfront properties globally as of Q3 2018.

Australia has some of the highest in the world, with Sydney (89.3 per cent), the Gold Coast (64.1 per cent) and Perth (53.2 per cent) leading the rankings.

Hong Kong was ranked sixth with 39.9 per cent, while Singapore was 12th with 7.7 per cent.

Knight Frank Global Head of Research Liam Bailey said analysis of the monitor indicated there was a correlation between the volume of water and the premium generated.

Source: Knight Frank research

“Waterfront addresses are amongst the most desirable in the world, however not all prime waterfront properties are equal, and the premiums vary depending on location and amenity," he said.

"Where water is in abundance – island properties such as Hong Kong and Singapore – the premium is smaller."

The report found that, overall, prices for prime waterfront properties are an average of 40 per cent higher than comparable properties inland.

Harbour-side addresses command the highest premium at 59.1 per cent, followed by beachfront (58.5 per cent), river (36.8 per cent) and lakeside (32.7 per cent) homes.

Knight Frank Malaysia Associate Director of International Project Marketing, Dominic C. Heaton-Watson, said the research reflected a "truly global appetite" for waterfront addresses.

"It has been a fascinating year for my clients in Malaysia seeking waterfront properties across the globe," he said.

"Not only did we advise on riverside investment properties in London and second homes in Dubai and Europe, but also trophy assets across USA and Australia."

For further information about the report, phone or email Liam Bailey via the details below.

Source: Knight Frank Malaysia

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