China super rich set to propel luxury yacht sales



2:27 AM Fri 20 May 2011 GMT
'The Sunseeker Predator 60 - more like this heading for China' Royal Southern Yacht Club Click Here to view large photo
With their sleek, modern lines and polished finish, the two yachts built by Samuel Wong's shipyard fit right in among the multimillion-dollar floating palaces moored at an upmarket Hong Kong marina. On board, a disco ball, karaoke system and garish neon blue accent lighting in the living quarters are hints that the vessel is aimed at the luxury yacht industry's newest growth market: wealthy Chinese. 'People in China first will buy houses. Then cars. Then the next step will be the yacht industry,' Wong said hopefully at a recent boat show in Hong Kong. His family-owned shipyard located in Zhuhai, ...


Click here for full story.


by Foxnews.com





Newsfeed supplied by

Live Weather
Nearby
Cabramurra, NSW
9 kn W
13°
Perisher Valley, NSW
6 kn WNW
14°
Cooma Airport, NSW
4 kn NNW
19°
Khancoban, NSW
7 kn NW
21°
Windiest in Australia
Frederick Reef, QLD
25 kn SE
20°
Most Windless in Australia
Casino, NSW
Calm
16°
Hottest in Australia
Fitzroy Crossing, WA
9 kn NNE
37°
Coldest in Australia
Mount Buller, VIC
7 kn NNW
10°
Wettest in Australia
Ballina (Coastal), NSW
7.8 mm