In the Straits Times Thursday March 10, 2011, 185-year-old Republic of S'pore Yacht Club is getting a facelift to catch the growing wave of Singaporeans owning boats and of foreign owners docking their superyachts here.
The core of $6m is devoted to increasing the accommodation for members, their guests and visitng yachstmen. Another $3m will go towards almost trippling the number of dry berths to 300, to accommodate boats up to 12m long. Work will start this month and take about six months.
RSYC Commodore Tan Kay Toh said boat owners at this club were "more-to-earth, middle-class Singaporeans" and added that a boat could cost less than a luxury car.
"As people here become affluent, more will look to buying boats. A boat provides a good versatile option for leisure and it is something the whole family could enjoy.
The Superyacht Singapore Association expects the number of superyachts visiting Singapore to jump from 81 last year to 130 this year. By 2015, it expects 200 arrivals.
The expansion of marina facilities couldn't be more timely to catch on the growing wave....
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