Hong Kong marina berths - full to bursting, and SO expensive

1:16 AM Wed 11 May 2011 GMT

'full to bursting Marina Club - Royal Hong Kong Yacht Club, Causeway Bay, HK island, Hong Kong, China. photo by B.Henry' .

If you think your marina berth is too expensive, spare a thought for yacht owners in Hong Kong. Berths are now so few and so expensive that yacht brokers are complaining that they are actually losing out on sales. Why is this happening? Read on... A shortage of marina berths in Hong Kong is pushing slip prices to record levels. Local yacht brokers say that berth fees have doubled or even tripled in the last two to three years. 'What's happening to the property market is happening to the boating market on a smaller scale,' Baggy Sartape, a broker with ...

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by CNBC/Sail-World Cruising