CHARTING NEW WATERS
Prestige Singapore|June 2023
Asia emerges as a prominent player in the luxury yacht market, thanks to a new generation of young and affluent buyers. With this wave comes a boating boom, heralding a fresh era of marine adventures
NAFEESA SAINI
CHARTING NEW WATERS

As Asia climbs to the top of the global wealth ladder, yacht ownership becomes increasingly appealing to the growing number of high-net-worth individuals in the region. From the modern metropolises of Hong Kong and Singapore to the calm coastal islands of Thailand and Malaysia, there are limitless opportunities for exploration and discovery.

SINGAPORE SETS SAIL

According to Insight Partners' Luxury Yacht Market Forecast to 2028 report, the international yacht charter market size is expected to grow from US$6.07 billion in 2022 to US$10.33 billion by 2028. Asia-Pacific is projected to register the highest Compound Annual Growth Rate (CAGR) in this sector from 2022 to 2028.

Singapore, though lacking optimal cruising waters, is a strategic gateway to Asia's marine industry. It boasts world-class marinas and prestigious yacht clubs that attract boating enthusiasts from around the globe. The recent Singapore Yachting Festival, held from April 27 to 30, drew over 9,000 attendees who flocked to see the 52 vessels on display as well as demonstrations and trials.

Harvey Brewin, Singapore country manager of Simpson Marine, sheds some light on our residents' yachting lifestyle. "Singapore-based buyers are able to enjoy their boats in Singaporean waters while they develop their confidence before heading off to explore the stunning cruising grounds of Malaysia, Indonesia and Thailand that we have at our doorstep."

According to him, many choose to dock their yachts in destinations like Phuket, using their vessels as a second home for long weekends and public holidays. "The owners are as diverse as Singapore itself, with locals and expats of all ages and from all corners of the globe."

この記事は Prestige Singapore の June 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Prestige Singapore の June 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

PRESTIGE SINGAPOREのその他の記事すべて表示
Detox With A Side Of Botox?
Prestige Singapore

Detox With A Side Of Botox?

Wellness hotels and resorts have always been more about stress relief and sensory indulgence than scans and stem cells, but a growing number are transforming into medical wellness destinations, with science-backed therapies accompanying typical spa offerings.

time-read
6 分  |
May 2024
ELECTRIC LUXE
Prestige Singapore

ELECTRIC LUXE

Mercedes-Benz combines advanced technology, personalisation and sustainability with its all-electric fleet to transform urban mobility in Singapore.

time-read
3 分  |
May 2024
NO HOLDS BAR
Prestige Singapore

NO HOLDS BAR

Innovation is rife in Singapore’s competitive cocktail scene.

time-read
4 分  |
May 2024
SADDLE UP
Prestige Singapore

SADDLE UP

Saut Hermès 2024 puts the French luxury company's fine craftsmanship and savoir faire in its toughest arena yet the competition ring.

time-read
5 分  |
May 2024
RHYTHM OF TIME
Prestige Singapore

RHYTHM OF TIME

Adorned withfairies and ballerinas, these Poetry of Time timepieces by Van Cleef Arpel: mi the passage of the hours, minutes __and seconds, creating a meditative experience. The delicate figures h It of h f skilled work by the h i oe are the result of hours of skilled work by the house’s artisans, including gem-setters, enamellers and engravers. Beyond beauty on ne surface, mechanical movements drive their exceptional horological features, such as jumping hours and retrograde time-indicating hands. i

time-read
1 min  |
May 2024
TRACING TREASURES
Prestige Singapore

TRACING TREASURES

The Chanel Patrimoine is a space dedicated to the maison’s most precious fine jewellery and timepieces. Just as priceless are the stories embedded in each creation.

time-read
3 分  |
May 2024
MISSION TO ASTONISH
Prestige Singapore

MISSION TO ASTONISH

Tiffany Co CEO ANTHONY LEDRU takes the brand back to its roots by reaffirming its position as a high jewellery heavyweight.

time-read
6 分  |
May 2024
EX MACHINA
Prestige Singapore

EX MACHINA

Established jewellery maisons continue to introduce technical breakthroughs in their collections while finding middle ground with age-old practices.

time-read
6 分  |
May 2024
AMONG THE STARS
Prestige Singapore

AMONG THE STARS

THERE'S PLENTY TO IN COUTURE TO CELEBRATE THIS SEASON, WHETHER IT'S HONOURING THE SALON, PAYING TRIBUTE TO PLAY OR HAVING THE BUTTON TAKE THE LEAD.

time-read
5 分  |
May 2024
RISE & SHINE
Prestige Singapore

RISE & SHINE

In an intense sharing session with the high-flying women from SCCCI's Career Women's Group, Prestige uncovers the hidden levers of success.

time-read
7 分  |
May 2024