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, ...

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China super rich set to propel luxury yacht sales

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