The current global crisis looks bad enough for almost all sectors. The luxury boating industry is an exception that has not only withstood the slowdown well enough, but is also sailing smoothly through the economic storm.

This was the dominant message to be taken from the largest Asian international boat show held at Marina Cove in Sai Kung. The show attracted many potential buyers of the luxury boat. There was a grand display of 115 boats from 55 different companies with the estimated worth of HK $ 600 million.

The exhibitors had been reported to be exuberant after receiving quality and serious enquiries about the luxury boats. This increases the chance of the closing the deal sometimes going as high as US $ 1 million. European yacht has been in vogue in the recent years. You might want to try the cost effective versions made by the Chinese and the Taiwanese as well.

The luxury boating industry has more reasons to smile. The investment in sectors as secure as real estate a few decades ago is now seeing a depreciation in the faltering economy. Shares and stocks seem to a riskier option in this economic gloom.

So why not invest in hard asset and not miss out on the fun as well? It is an investment, which is bound to depreciate in value like any other asset. However, the indulgence is worth it, and any day better than to have to worry about the Wall Street trading.

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Via: TheStandard