Please select your home edition
Edition
Ancasta Ker 40+ 728x90

Yachts in Asia Get Million-Dollar Makeovers

by Ansuya Harjani, CNBC Asia on 9 Nov 2011
Macau Yacht Show 2011 - 28 October 2011 - along the docks at Fisherman’s Wharf. Everything eminently customisable. Guy Nowell © http://www.guynowell.com
A 45-year-old owner of an investment firm in Hong Kong recently bought a $4 million-plus super yacht from Spanish yacht builder Astondoa, and then spent nearly 15 percent of the cost on jazzing it up. The owner outfitted his new 76-feet four-cabin boat with a jacuzzi, a Ferrari driving seat and interiors designed by celebrity Italian architect Cristanto Gatto, according to brokerage Asia Boating, which conducted the deal.

'Asian clients are moving towards custom designing their boats, rather than buying designs from factories that make huge quantities of yachts every year,' says Baggy Sartape, general manager of the Hong Kong-based Asia Boating. 'And they don’t like to hold back on spending.'

Asia’s yacht market, dominated by Chinese buyers, has been growing at a double-digit pace over the past few years; in 2010, sales of super yachts — boats 70 feet or longer — totaled more than $100 million, according to Hong Kong-based yacht dealer Simpson Marine.

Asia Boating, which has already sold 9 boats this year, says owners now can spend up to 40 percent of the purchase price on additional features.

Some of the common requests from his customers, who are largely from mainland China, Hong Kong and Vietnam, are for jacuzzis, karaoke machines, Bose sound systems and sun-protected decks, says Sartape.

Unlike in the West, where many yacht owners love sailing, in Asia the boats are often used for corporate entertainment, say industry watchers.

Mike Simpson, managing director of Simpson Marine, says luxury boats in Asia are often designed to accommodate large saloons to host a large number of guests and while most yachts have cabins (bedrooms), they are seldom used.
Several local Chinese manufacturers are also in the market, but Sartape doesn’t think they will gain much traction in the region.

Full story: http://www.cnbc.com/id/45160198
Naiad/Oracle SupplierBarz Optics - Kids rangeBakewell-White Yacht Design

Related Articles

Bavaria Yachts to introduce Cruiser 34 and Nautitech 46
The Cruiser 34 will be on show at the Bavaria Yachts display at the Strictly Sail boat show at Bayside’s Miamarina The Cruiser 34 will be on show at the Bavaria Yachts display at the Strictly Sail boat show at Bayside’s Miamarina, from February 16th to 20th.
Posted on 13 Feb
Unique Transatlantic Sailing Event - Building friendship across oceans
Rendez-Vous 2017 Tall Ships Regatta, organised to celebrate Canada 150, 150th anniversary of the Canadian Confederation. Sailing in the wake of the great explorers, international friendship and understanding is at the core of this once in a lifetime adventure - The Rendez-Vous 2017 Tall Ships Regatta, organised to celebrate Canada 150, the 150th anniversary of the Canadian Confederation.
Posted on 10 Feb
Frigid flying – Coast Guard aircrews take on New England Winter
Freezing rain? Teeth-chattering temperatures? Limited visibility? Coast Guard aircrews are still ready to fly. Freezing rain? Teeth-chattering temperatures? Limited visibility? Coast Guard aircrews are still ready to fly. At Air Station Cape Cod, aviation maintenance and electronic technicians work around the clock to ensure the MH-60 Jayhawk helicopters are prepared and ready to launch. There is one thing the maintenance crews and pilots cannot control: winter weather.
Posted on 9 Feb
On board interview with Lisa Blair - solo Antartica circumnavigation
So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. After the setbacks of a delayed departure due to gremlins in the electronics, we are delighted to have these answers from her on board. She is well and enjoying her time. Climate Action Now, her Hick 50, left Albany in Western Australia on January 22, 2017.
Posted on 8 Feb
Superyacht Challenge Antigua – Tactical battle on the south side
The second race of the regatta was about 12 miles, along the stunning South Coast of Antigua. The second race of the regatta was about 12 miles, along the stunning South Coast of Antigua.
Posted on 5 Feb
Superyacht Challenge Antigua – Spectacular opener
With solid trade winds piping up to twenty knots, the south coast of Antigua delivered a memorable day of racing. With solid trade winds piping up to twenty knots and a three metre sea state, the south coast of Antigua delivered a memorable day of racing, for the first day.
Posted on 4 Feb
Superyacht Challenge Antigua – High spirits and fair winds
Held at the Boom Bar and Restaurant in the grounds of the Gunpowder House, the magnificent fleet was in view Held at the Boom Bar and Restaurant in the grounds of the Gunpowder House, the magnificent fleet was in view as the party started with sundowners around the pool. Paul Deeth welcomed all of the guests to the party and the atmosphere was laid back but buzzing with excitement.
Posted on 3 Feb
Tawera takes the NZ Millennium Cup 2017
The Ron Holland designed and impeccably sailed, Tawera, again dominated a lengthier 27nm course on Day 3 of racing The Ron Holland designed and impeccably sailed, Tawera, again dominated a lengthier 27nm course on Day 3 of racing, taking line honours for a third consecutive day, bringing home the NZ Millennium Cup 2017. Coming into the final day of racing, Pacific Division competitors, Antaeus and Steinlager 2, were tied on points. Rumours of an extensive tactical defence strategy to retain the Pacific
Posted on 1 Feb
Yachting cartoonist Mike Peyton dies at 96
“The World’s Greatest Yachting Cartoonist” died on January 25, 2017 just five days after his 96th birthday. Mike Peyton, dubbed “The World’s Greatest Yachting Cartoonist”, died on January 25, 2017 just five days after his 96th birthday. A modest, shy man, he eschewed the spotlight and seemed unaware of the esteem which in sailors all around the world held him.
Posted on 27 Jan
2017 ORC Superyacht Sailor Services and ORCsy VPP now available
Numerous technical improvements made to the system for 2017, and the introduction of the new ORCcs certificate. Numerous technical improvements made to the system for 2017, and the introduction of the new ORCcs certificate.
Posted on 19 Jan