Realise Your Dream of Owning a Superyacht with HSBC Global Private Banking
Even during a ?rollercoaster? couple of years post Covid, the superyacht market in Asia has remained lively and HSBC Global Private Banking continues to help clients realise their dreams.
The post Realise Your Dream of Owning a Superyacht with HSBC Global Private Banking appeared first on LUXUO.
Jyrki Rauhio, Regional Head of Credit Advisory, Asia Pacific, HSBC Global Private Banking
Asia may not be the world?s most developed superyacht region, but it does have a dynamic new generation of owners, many of whom have been inspired to purchase in the Covid era. In fact, a superyacht as a first boat is more common in this region than in the rest of the world, where owners typically upgrade through a series of increasingly large yachts before taking the plunge and buying above 80ft or 100ft.
HSBC Global Private Banking, which has a long history of helping finance and structure superyacht purchases around Asia, revealed that earlier this year it helped a client buy a 100ft-plus yacht valued in the region of US$10 million ? impressive for a first boat.
?In Asia, someone?s first yacht may be a 100-footer and our client?s first was above that length. It?s a very nice vessel,? says Jyrki Rauhio, HSBC Global Private Banking?s Regional Head of Credit Advisory, Asia Pacific. ?Usually, most buyers would have had several boats before buying a superyacht, but the fact he?s spending US$10 million on his first shows the difference in the market here.?
Stressing how Covid has inspir...
The post Realise Your Dream of Owning a Superyacht with HSBC Global Private Banking appeared first on LUXUO.
Jyrki Rauhio, Regional Head of Credit Advisory, Asia Pacific, HSBC Global Private Banking
Asia may not be the world?s most developed superyacht region, but it does have a dynamic new generation of owners, many of whom have been inspired to purchase in the Covid era. In fact, a superyacht as a first boat is more common in this region than in the rest of the world, where owners typically upgrade through a series of increasingly large yachts before taking the plunge and buying above 80ft or 100ft.
HSBC Global Private Banking, which has a long history of helping finance and structure superyacht purchases around Asia, revealed that earlier this year it helped a client buy a 100ft-plus yacht valued in the region of US$10 million ? impressive for a first boat.
?In Asia, someone?s first yacht may be a 100-footer and our client?s first was above that length. It?s a very nice vessel,? says Jyrki Rauhio, HSBC Global Private Banking?s Regional Head of Credit Advisory, Asia Pacific. ?Usually, most buyers would have had several boats before buying a superyacht, but the fact he?s spending US$10 million on his first shows the difference in the market here.?
Stressing how Covid has inspir...
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