Please select your home edition
Edition
Ancasta Ker 33 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
Colligo Marine 660x82Ancasta Ker 33 660x82Zhik Isotak Ocean 660x82

Related Articles

Olympic Gold medalist and Volvo Ocean Race winner up for WS Board
Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing in November. The five times Olympic medalist, Volvo Ocean Race winner and several times America's Cup competitor will bring a much needed sailing edge to the Board of World Sailing if he can navigate the politics of the controlling body of the sport.
Posted on 25 Sep
D-Marin Farr 40 Zadar Regatta – Overall report
Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Those two top-notch programs have resumed their rivalry this week in the waters off this historic city along the Dalmatian coast.
Posted on 23 Sep
Impressive tow-in freestyle show on the water in Cold Hawaii
The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competitio The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competition as expected with light winds and small waves.
Posted on 21 Sep
Brookes and Gatehouse Videos with Knut Frostad
Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos with Knut Frostad, the legendary Volvo Ocean Race sailor and former CEO. See him talk about sailing in general, the B&G product choices and placement he made for his own boat, and then why he loves his Outremer 5X.
Posted on 8 Sep
Soft Padeyes – light, strong and versatile
Several types of soft padeyes are now available and are proving increasingly popular over traditional stainless steel pa Several types of soft padeyes are now available on the market and are proving increasingly popular over traditional stainless steel padeyes. They all capitalise on the incredible strength to weight ratio and abrasion resistance of Dyneema® which offers a reliable, robust, flexible and safe termination.
Posted on 6 Sep
The hurricanes headed for Hawaii and Florida
The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The first of two hurricanes headed toward Hawaii lost strength and was downgraded to a tropical storm. Meanwhile, in Florida, a tropical storm gained in strength and is now designated as a hurricane.
Posted on 4 Sep
Zhik sailors win 17 sailing medals at 2016 Olympic Regatta
The 2016 Olympic games are over and what a Games they have been - Zhik sailors dominated Zhik sailors won almost 60% of the medals contested at Rio de Janeiro. It was a regatta which tested sailors and gear - with one day being the most severe conditions ever experienced at an Olympic regatta. For the Zhik team riders on the waters of Rio, four years and more of hard work and dedication have paid off for many.
Posted on 29 Aug
Marine Resources job updates
Marine Resources specialises in providing expert recruitment services to the leisure marine industry worldwide. Marine Resources specialises in providing expert recruitment services to the leisure marine industry worldwide. Jobseekers register your CV now to receive the latest vacancies and be matched to your ideal job. Employers choose from a variety of recruitment options which include a full consultancy service as well as a unique job advertising package.
Posted on 11 Aug
Kids Polarised Sunglasses from Barz Optics
Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Each pair are supplied with a neoprene case and sunglass retainer.
Posted on 4 Aug
Candy Store Cup – A sweet spot for superyachts
In true Bucket fashion, social activities included a “yacht hop” on Friday night aboard the participants’ yachts In true Bucket fashion, social activities included a “yacht hop” on Friday night aboard the participants’ yachts, a gathering at Newport’s famous Clarke Cooke House, and a regatta dinner with live reggae music on the grounds of a Newport estate.
Posted on 2 Aug