Yet to fully tap potential of rivers
V Sanjugtha | 19 Jul 2019 00:30
Globally, a property along a river or one that provides a river view can command a premium of up to 36.8%. In Malaysia, however, despite our wealth and abundance of rivers, we have only managed to choke them up and set them ablaze with toxic waste.
According to the Knight Frank Global Waterfront Monitor, waterfront properties are among the most liquid. Even in a depressed market, their scarcity and position will secure strong demand with prospective buyers assured of a future exit strategy.
Rivers have also traditionally been the centre of civilisation, a cauldron of heritage, culture and arts that can be tapped to rake in tourism receipts, not unlike the Thames in London and Grand Canal in Venice.
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