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Yachting Market Highlights Asia's Rising Riches
Chrissy Coleman
22 March 2013
The
Singapore Yacht Show 2013, taking place next month, has doubled in size
from the previous year, as a result of being fuelled by the demand from
Asia’s rising wealthy population.
“Unquestionably we are seeing a developing yachting lifestyle
industry. Following on from the Hainan and Singapore yacht shows, at
least two of the leading super yacht companies have sold two or three
super yachts to Asian owners - and that is just the super yachts,” Andy Treadwell, managing director of organisers, Singapore Yacht Events, told WealthBriefingAsia. The event, which claims to be the main yacht show in South East Asia,
is expected to attract wealthy individuals from all over the region,
with the “majority coming from neighbouring economies such as Indonesia
and Malaysia”, according to Treadwell. Line-up Opening on 18 April for four full days this year, the show will welcome the award-winning, 57.5 metre sailing yacht Twizzle,
designed by Dubois Naval Architects and built by Royal Huisman in
Holland, who will make her international boat show debut at the
Singapore Yacht Show. In addition, Aquariva by Gucci will be unveiled in Singapore
for the first time through a collaboration with Officina Italian
Design, in a limited edition model customised by Gucci creative
director, Frida Giannini. British builder Sunseeker will be exhibiting some of its
world-leading range of production yachts for the first time at the
event, including its 40 metre flagship motoryacht Tanvas, built especially for an Asian client in 2010. Another British brand joining the line-up for the first time this
year is Princess Yachts, part of LVMH’s luxury brand portfolio, who will
be exhibiting no less than seven vessels at the show. The event takes place at ONE°15 Marina Club, Sentosa Cove between 18-21 April 2013.