sail-world.com
 
 
News Home Video Gallery Photo Gallery

 

Sail-World.com : Yachts in Asia Get Million-Dollar Makeovers

Yachts in Asia Get Million-Dollar Makeovers

'Macau Yacht Show 2011 - 28 October 2011 - along the docks at Fisherman’s Wharf. Everything eminently customisable.'    Guy Nowell ©    Click Here to view large photo
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




by Ansuya Harjani, CNBC Asia

  

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

http://www.sail-world.com/index.cfm?nid=90508

2:54 AM Wed 9 Nov 2011 GMT






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


News - USA and the World





























America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle








ISAF Match Race Rankings for 16 April 2014
ISAF Sailing World Cup Hyeres – World’s best to race on French Riviera
Rolex China Sea Race – Fleet off to a clean start
America's Cup: Expected de Ridder penalty should be reduced *Feature
World Youth Sailing Week – Second edition officially presented + Video
Rolex China Sea Race - Sailing classic returns
Les Voiles de St Barth – Fired up for battle
CNN Mainsail Down Under for the 75th JJ Giltinan Trophy - 18ft skiffs
Volvo Ocean Race: North Sails on outfitting the Volvo 65
Image gallery: James Cook High's Royal encounter on Steinlager 2 *Feature
Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video
2014 Halifax – Saint-Pierre Ocean Race
Oyster Regatta Antigua - Glorious conditions prevail on final day
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata   
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day   
Clipper Round the World Yacht Race - PSP Logistics prepares for USA   
ISAF Sailing World Cup Hyères - Crème of the crop to compete   
Congressional Cup: Luna Rossa makes podium in first event   
Int 14 World Championships 2015 launch new event website   
International Optimist Regatta Clinic and Team Race - Register now!   
Congressional Cup: World top rankers finish that way in Long Beach   
Sperry Top-Sider Charleston Race Week Day 3 finale   
America's Cup: Gino Morrelli outlines the new AC62 design   
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall   
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in   
50th Congressional Cup: See the delayed coverage and media conferences   
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   


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.
X6XL NEW US