Chinese Yacht Market Growing – Feadship Signs First Contract In China

In another example of how the luxury yacht market is growing in Asia, Feadship has announced that is has signed its first contract in China.

The new yacht, a 146 foot semi-custom yacht, will have a Chinese owner and is scheduled to be delivered before the Chinese New Year of February 2013.

Demand from China for luxury goods continues to grow as the domestic market there expands rapidly. Yacht builders, designers and architects around the world see the opportunity that exists in China as extraordinary. More Chinese millionaires and billionaires are discovering avenues in which to spend their dollars. Custom yachts represent an ultimate level in status.

We would expect to see more news coming from China about yacht contracts.

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