sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Chinese billionaire plans four new marinas
Chinese billionaire plans four new marinas


'Sanya during the Volvo Ocean Race 2012'    . ©    Click Here to view large photo

A Chinese billionaire and property developer has grand plans for a lineup of new marinas around the coast of China, predicting a time when demand will far exceed supply.

Wang Dafu, founder of the Visun Group which built the Visun Royal Yacht Hotel, yacht club and marina in 2005 has already invested some US$130 million in this venture in the coastal town of Sanya on the tropical island of Hainan on China's southern coast, 400 miles southwest of Hong Kong. It has 216 berths and boasts 700 members.

A 66,000m² maintenance centre for yachts up to 80m is planned for the Nanshan area of the coastal city by 2015, while a new clubhouse at the Yacht Club is in the works.

Visun last month also signed a letter of intent with Shenzhen Airport Group to co-develop a yachting complex next to the Shenzhen international Airport, 15km inland from Hong Kong within the next two to five years.

'The Shenzhen project consists of a marina, a yacht maintenance and refit centre, an exhibition space with showrooms and will also include commercial opportunities for residences, hotels, shopping centers, and offices,' says Ronnie Wang of Marine Dragon Consulting, which analyses the Chinese marina market.

'It is going to take several years to realize this huge development, but it probably will become another successful marina complex like in Sanya because Shenzhen is a costal business hub rather than a resort city and has already developed a yachting culture thanks to its neighbour, Hong Kong,' he told Bloomberg.

Wang hopes to open another four yacht clubs within the next eight years. The first of these will be a 400-berth marina that is expected to open in Shenzhen by the end of this year, Bloomberg quoted Wang as saying. Clubs in Shanghai and Fujian will reportedly follow.

Wang is worth an estimated net-worth of US$1.2 billion according to the Bloomberg Billionaires Index, gathering his fortune by building apartment complexes and hotel resorts in Hainan and Guangdong province. Housing demand has waned as China tries to reign in skyrocketing home prices, so Wang has turned his attention to yacht clubs as bets on China's new wealthy elite embracing Western yachting culture. Several Asia property developers have used marinas connecting to property development as a way to sell luxury homes at a higher premium.

'I'm very bullish on yachts and I have big dreams,' Wang said. 'I spend about 80 percent of my effort on yachts but only make about 20 percent of my money from this. However, in the future I expect this ratio to reverse.'


by Media Services

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=109146

1:55 AM Sun 5 May 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World

Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature by Rob Kothe and the Sail-World team,










Maxi yacht rendezvous this September in Sardinia by International Maxi Association,


















America's Cup: Team NZ wish Davis well with new team by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland




2014 Formula Kite World Championship Day 1 by Markus Schwendtner, Istanbul
























Opera House Cup - Images by Ingrid Abery by Ingrid Abery/Sail-World.com,


Teams descend upon Cowes for inaugural J/111 World Championships by Stuart Johnstone, Cowes, Isle of Wight, England






Sopot Match Race - Poland's Tour debut deemed a triumph
Vineyard Race celebrates 80th running of the East Coast classic
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu
AWT Quatro Desert Showdown - Victory for Morgan Noireaux
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here
Halifax ready to welcome the world at 2014 IFDS World Championships
RC44 World Championship title to Bronenosec + Video
Audi Hamilton Island Race Week: Day 2 Images by Crosbie Lorimer
IFDS Worlds - Gary Jobson to attend opening ceremonies
Melges 32 U.S. National Championship - Dalton DeVos crowned champion
2014 Nanjing Youth Olympic Games trailer
2014 Chicago Grand Slam - Canfield wins
Round Britain and Ireland Race - Varuna takes overall lead
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive
CORK Olympic Classes Regatta 2014 - Day one
Youth Olympics: practice over, athletes welcomed, time for YOG sailing
Round Britain and Ireland Race - Record for Artemis-Team Endeavour
2014 Melges 32 U.S. National Championship - Day 2
Sevenstar Round Britain and Ireland: Artemis sets fourth course record   
2014 Chicago Grand Slam - Top seeds survive as semi-finalists   
420 and 470 Junior Europeans - Breezy day 4 in Gdynia   
RC44 World Championship - Dramatic improvement for Artemis Racing   
18' Skiff International Regatta - Action begins August 25th   
Round Britain and Ireland Race - Challenging conditions arise   
Round Britain and Ireland Race - Record-breaking monohull victory   
Round Britain and Ireland Race - Dongfeng Race Team finishes third   
RC44 Marstrand World Championship - Bronenosec the star performer   
Bahamian Olympic Sailor to carry flag in honour of Sir Durward Knowles   
Sevenstar Round Britain and Ireland Race: Records continue to tumble   
Sevenstar Round Britain and Ireland Race: Course Record for Team SCA   
Round Britain and Ireland Race - Team Alvimedica completes the race   
2014 Melges 32 U.S. National Championship - Day 1   
420 and 470 Junior European Championships - A crazy race day 3   
2014 Sevenstar Round Britain and Ireland Race: Monohull record smashed   
2014 Chicago Grand Slam - Top seeds take the early lead   
Frostad proud to have seven Volvo Ocean Race boats with seven sponsors *Feature   
RC44 World Championship - Bronenosec Sailing Team on form   
Round Britain and Ireland Race - Dongfeng defends third position   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT