Chilling on a yacht: Does it make more financial sense to rent or own a boat?

With recent news about new superyachts and expensive charters, boats have become a status symbol for the ultra-wealthy. ST PHOTO: ALPHONSUS CHERN
New: Gift this subscriber-only story to your friends and family

SINGAPORE - With so many islands to explore around Singapore and the allure of having the freedom to sail farther away, owning a boat can seem like a luxurious way to relax from the hustle and bustle of the city.

During the coronavirus pandemic, boat ownership can also be an opportunity for staycations and a chance to chill.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.