With more of these boating clubs opening up in Singapore and the region, there's more choice than ever. Prices for Raffles Marina are at the lowest ever since its launch. Margaret Wee, marketing manager of AAZ Regional Marketing, a company that deals in club memberships, says it can be risky to invest in marinas at the moment. The market is very uncertain at the moment. There's nothing intrinsically wrong with the clubs.
Demand is low.
Prices could soften further. And unless Singaporeans change their hobbies, Wee thinks golf and town clubs will remain more popular. At present only a small percentage of Singaporeans are interested in boating activities. Serious boaties will want to get outside the confines of the marina to enjoy their sport. Considering the overall costs, and if you only go boating occasionally, it may be cheaper to charter a vessel whenever you want to get out on the water.