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.
With recent news about new superyachts and expensive charters, boats have become a status symbol for the ultra-wealthy.ST PHOTO: ALPHONSUS CHERN

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.

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