Properties around water logged areas can be developed actually they are usually one the very good areas that capture people's interests especially when they have started being developed.
I can agree that waterlog areas could be very interesting for development since most of the towns that are notable in cities are waterlog areas converted to beaches or penthouse or even amusemrnt park but then the effects it usually very heavy on the foundation of this buildings which sometimes lead to collapse. however in rural areas which LandDao is focused on purchasing lands it's even rare to see lands that are close to water areas because the uplands are always still very free for grab. In contrast to this LandDao according to there white paper have teams that verify there lands before it's up for grabs.