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Your Ultimate Guide to Yacht Financing in Singapore
Have you ever dreamed of owning a yacht in Singapore? If so, you are not alone. According to a report by Wealth-X, Singapore has the highest density of ultra-high-net-worth individuals (UHNWIs) in the world, with 1,361 people who have more than US$30 million in assets. Many of these wealthy individuals are avid boaters who enjoy the luxury and freedom of sailing in the waters around Singapore and beyond.
Owning a yacht in Singapore has many benefits. You can escape the hustle and bustle of the city and enjoy the tranquility and beauty of nature. You can explore the nearby islands and destinations, such as Malaysia, Indonesia, Thailand, and the Philippines. You can also host parties and events on your yacht, impressing your friends, family, and clients. Moreover, you can use your yacht as an investment, renting it out to other boaters or chartering it for tourism and business purposes.
However, buying a yacht in Singapore is not a cheap affair. Depending on the size, model, and condition of the yacht, the price can range from hundreds of thousands to millions of dollars. Not to mention the additional costs of maintenance, insurance, registration, berthing, and crew. Unless you have a lot of cash on hand, you may need to look for alternative ways to finance your yacht purchase.
That’s where yacht financing comes in. Yacht financing is a type of loan that allows you to buy a yacht with a fixed or variable interest rate and a repayment period of several years. Yacht financing can help you achieve your dream of owning a yacht without breaking the bank or liquidating your assets. It can also offer you some tax benefits, depending on your situation and the type of yacht you buy.
In this article, we will guide you through everything you need to know about yacht financing in Singapore. We will explain what yacht financing is and how it works, compare different types of yacht financing options available in Singapore, and discuss some common challenges and pitfalls of yacht financing and how to avoid them. By the end of this article, you will have a clear understanding of how to finance your yacht purchase in Singapore and enjoy the perks of being a yacht owner.
What is yacht financing and how does it work?
Yacht financing is a form of secured loan that allows you to borrow money from a lender to buy a yacht. The lender will use the yacht as collateral, meaning that if you fail to repay the loan, the lender can repossess the yacht and sell it to recover the debt. Yacht financing is similar to car financing or mortgage financing, except that the loan amount, interest rate, and loan term are usually higher and longer, respectively.
To apply for yacht financing, you will need to provide some information and documents to the lender, such as:
- Your personal and financial details, such as your name, address, income, assets, liabilities, and credit score
- The details of the yacht you want to buy, such as the make, model, year, condition, and price
- The details of the seller or broker of the yacht, such as their name, address, and contact information
- The details of the insurance and registration of the yacht, such as the policy number, coverage, and expiry date
- The details of the berthing and maintenance of the yacht, such as the location, cost, and frequency
The lender will then evaluate your application and determine whether to approve or reject it. The lender will also decide the interest rate and loan term of the yacht financing, based on several factors, such as:
- Your credit history and score, which indicate your ability and willingness to repay the loan
- Your income and debt-to-income ratio, which measure your financial stability and affordability of the loan
- Your down payment, which is the amount of money you pay upfront for the yacht purchase
- The value and condition of the yacht, which affect the resale value and risk of the loan
- The market demand and supply of yachts, which influence the price and availability of the loan
Generally, the higher your credit score, income, and down payment, and the lower your debt-to-income ratio, the lower the interest rate and the longer the loan term you can get. Conversely, the lower your credit score, income, and down payment, and the higher your debt-to-income ratio, the higher the interest rate and the shorter the loan term you can get.
The interest rate of yacht financing can be either fixed or variable. A fixed interest rate means that the interest rate remains the same throughout the loan term, regardless of the market conditions. A variable interest rate means that the interest rate changes according to the market conditions, such as the prime rate, the base rate, or the LIBOR rate. A fixed interest rate offers you more certainty and stability, while a variable interest rate offers you more flexibility and potential savings.
The loan term of yacht financing can range from 5 to 20 years, depending on the loan amount, interest rate, and repayment schedule. The loan term affects the monthly payment and the total interest cost of the loan. The longer the loan term, the lower the monthly payment and the higher the total interest cost. The shorter the loan term, the higher the monthly payment and the lower the total interest cost.
What are the different types of yacht financing options available in Singapore?
There are different types of yacht financing options available in Singapore, each with its own pros and cons. Here are some of the most common ones:
- Bank loan: A bank loan is a type of yacht financing that you can get from a bank or a financial institution. A bank loan usually offers you a competitive interest rate and a long loan term, as well as some tax benefits if you use the yacht for business purposes. However, a bank loan also requires you to have a good credit score, a high income, a low debt-to-income ratio, and a large down payment. Moreover, a bank loan may have some fees and charges, such as origination fees, processing fees, appraisal fees, and prepayment penalties.
- Broker loan: A broker loan is a type of yacht financing that you can get from a yacht broker or a dealer. A broker loan usually offers you a convenient and fast approval process, as well as some discounts and incentives if you buy the yacht from the same broker or dealer. However, a broker loan also requires you to pay a higher interest rate and a shorter loan term, as well as some commissions and markups to the broker or dealer. Additionally, a broker loan may have some limitations and restrictions, such as the type, age, and condition of the yacht you can buy.
- Peer-to-peer loan: A peer-to-peer loan is a type of yacht financing that you can get from an online platform that connects borrowers and lenders. A peer-to-peer loan usually offers you a flexible and customized interest rate and loan term, as well as some privacy and anonymity if you prefer. However, a peer-to-peer loan also requires you to pay a higher risk premium and a higher default rate, as well as some fees and charges to the platform. Furthermore, a peer-to-peer loan may have some uncertainties and risks, such as the reliability and legality of the platform and the lenders.
Some examples of yacht financing providers in Singapore are:
- DBS Bank : DBS Bank is one of the leading banks in Singapore that offers yacht financing for both new and used yachts. DBS Bank offers a fixed interest rate of 4.88% per annum and a loan term of up to 15 years, with a minimum loan amount of S$200,000 and a maximum loan amount of 70% of the yacht price.
- Neo Yachting : Neo Yachting is one of the reputable yacht brokers in Singapore that offers yacht financing for both new and used yachts. Neo Yachting offers a variable interest rate of 6% to 8% per annum and a loan term of up to 10 years, with a minimum loan amount of S$100,000 and a maximum loan amount of 80% of the yacht price.
- Funding Societies : Funding Societies is one of the popular peer-to-peer lending platforms in Singapore that offers yacht financing for both new and used yachts Funding Societies offers a variable interest rate of 8% to 12% per annum and a loan term of up to 5 years, with a minimum loan amount of S$50,000 and a maximum loan amount of 60% of the yacht price.
What are the common challenges and pitfalls of yacht financing and how to avoid them?
Yacht financing can be a great way to buy your dream yacht in Singapore, but it also comes with some challenges and pitfalls that you need to be aware of and avoid. Here are some of them:
- Overborrowing : Overborrowing is the situation where you borrow more money than you can afford to repay. This can happen when you underestimate the costs of owning and operating a yacht, such as maintenance, insurance, registration, berthing, and crew. Overborrowing can lead to financial stress, default, and repossession of your yacht. To avoid overborrowing, you need to plan your budget carefully and realistically, and only borrow what you need and can repay comfortably.
- Underinsuring: Underinsuring is the situation where you have insufficient or inadequate insurance coverage for your yacht. This can happen when you overlook the risks and liabilities of owning and operating a yacht, such as accidents, damages, theft, vandalism, and lawsuits. Underinsuring can lead to financial losses, legal troubles, and personal injuries. To avoid underinsuring, you need to research your insurance options thoroughly and comprehensively, and choose the policy that suits your needs and budget.
- Overpaying: Overpaying is the situation where you pay more money than the fair market value of the yacht. This can happen when you lack the knowledge and experience of buying and negotiating a yacht, or when you fall victim to scams and frauds. Overpaying can lead to financial regrets, depreciation, and negative equity. To avoid overpaying, you need to do your homework and due diligence, and consult a professional yacht broker or appraiser before buying a yacht.
- Undermaintaining: Undermaintaining is the situation where you neglect or delay the maintenance and repair of your yacht. This can happen when you underestimate the importance and frequency of keeping your yacht in good condition, or when you try to save money by cutting corners or doing it yourself. Undermaintaining can lead to mechanical failures, safety hazards, and reduced performance and value of your yacht. To avoid undermaintaining, you need to follow the manufacturer’s recommendations and schedule, and hire a qualified and reputable yacht service provider to maintain and repair your yacht.
Owning a yacht in Singapore can be a rewarding and enjoyable experience, but it also requires a significant financial commitment and responsibility. Yacht financing can help you buy your dream yacht in Singapore without breaking the bank or liquidating your assets, but it also involves some challenges and pitfalls that you need to be aware of and avoid.
In this article, we have guided you through everything you need to know about yacht financing in Singapore. We have explained what yacht financing is and how it works, compared different types of yacht financing options available in Singapore, and discussed some common challenges and pitfalls of yacht financing and how to avoid them.
We hope that this article has given you a clear understanding of how to finance your yacht purchase in Singapore and enjoy the perks of being a yacht owner. If you have any questions or need any assistance with yacht financing, please feel free to contact us at BASCO Boating. We are the most reliable and effective boating platform in Asia-Pacific, and we are here to help you achieve your innermost dreams about life at sea.
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Your Ultimate Guide to Yacht Financing in Singapore
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Smooth Sailing: Navigating Yacht Financing Options in Singapore
🌟 Exciting News Alert! Introducing our latest blog post: " Your Ultimate Guide to Yacht Financing in Singapore " 🛥️
Ahoy, maritime enthusiasts! We've just dropped a comprehensive guide to help you set sail on your dream yacht journey. Dive into the intricacies of yacht financing in Singapore, where we demystify the process from bow to stern.
Learn about the various financing options available, from traditional loans to bespoke solutions tailored to your nautical ambitions. Discover key insights on interest rates, repayment terms, and eligibility criteria, ensuring you're equipped to navigate the financial waters with confidence.
Our expert team has meticulously curated this guide to provide you with the essential knowledge needed to embark on your yacht ownership adventure. Whether you're a seasoned sailor or a first-time boat owner, this resource is a must-read.
Don't miss out on this invaluable resource! Click the link below to explore "Your Ultimate Guide to Yacht Financing in Singapore" and set sail towards your maritime dreams. ⚓️📖
Visit: https://basco.asia/your-ultimate-guide-to-yacht-financing-in-singapore/
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With relatively low interest rates in Singapore at the moment, financing may be a good option for boaters looking to purchase their dream boat. You can loan up to 70% of the price of the boat, depending on your income level and residency status. TheBoatShopAsia can also arrange Co-ownership and co-financing for those wanting to get into the boating lifestyle as a pair or in a group. We can also help manage the usage of your shared boat, by providing scheduling services, post-trip inspection and even key-drops for greater convenience!
Contact us for more information!
How Much Does It Cost To Own a Boat or a Yacht in Singapore?
Cruising the seas on a yacht is the ultimate in luxury, as those folks with their very own super yachts berthed at Sentosa Cove’s marina would know.
Owning a boat is obviously not cheap the way a shopping spree at Daiso would be, but it does not have to cost millions either.
How much is a boat in Singapore?
Boats come in all shapes and sizes, and the prices can vary wildly. As with cars, a second hand boat costs significantly less than a brand new one.
Generally, prices cost from about $50,000 onwards for a second hand boat. On the other end of the scale, some of the biggest, fanciest yachts with spacious onboard living space can cost over a million bucks.
How much does it cost to berth your boat per month?
Wet berthing costs are generally in the $480 to $1,500 per month range, depending on location and the size of your boat. If you are getting a club membership in order to berth your boat, you might also receive other perks like use of the club’s gym.
Here are the available Marinas in Singapore:
- Marina @ Keppel Bay
- Marina Country Club
- One Degree 15
- Raffles Marina
- Republic of Singapore Yacht Club
- SAF Yacht Club Changi
- SAF Yacht Club Sembawang
- Changi Sailing Club
How to buy a boat in Singapore?
The easiest way is to approach a boat dealer. Dealers usually have a mixture of brand new and second hand boats for sale.
If you are not paying the full cost in cash, some boat dealers will offer their own loans if you are buying one of their boats. Alternatively, you can seek financing by taking out a personal loan .
Maintenance and repairs per month
Your maintenance costs will obviously depend on how frequently and intensively you use your boat. If you use your boat every weekend, you should budget at least $500 to $1,500 per month. This cost includes the cost of fuel and any repairs or replacements that must be made.
Other than mechanical checkups and maintenance, you should also take into account costs such as marina memberships fees, cleaning services and the price of getting your boating license if you do not already have one.
Insurance for a boat
Your boat insurance premiums will depend on factors such as boat model and size, as well as what your boat is being insured for. Most insurers will offer hull coverage, which protects the hull as well as the items attached to or kept and used on the boat, such as marine electronics.
Other features that might or might not be included are cleanup coverage in case of fuel spills, and removal of wrecks. You should also check the limits of the territory in which your boat is insured.
Be prepared to pay at least $1,200 a year for the most basic insurance plans.
How to get a boat licence in the first place?
In order to pilot a boat, you will need a Powered Pleasure Craft Driving Licence.
There are several organisations conducting courses (usually 2 or 3 days long) that will prepare you for the test, namely the following:
- SAF Yacht Club
- ONE15 Marina Club
- Singapore Police Force Aquatic Club
- Singapore Polytechnic
- Singapore Powerboat Association
- Water Venture Changi
To get your licence you will have to pass both a theory and practical test.
Set aside about $350 for the course fees, as well as about $190 for the tests and licence fee, assuming you pass on your first try.
Is a boat or yacht a liability or an investment in Singapore?
Like a car, a boat is a depreciating asset. You will be paying significant costs in order to operate and maintain it, and you are unlikely to be able to sell it at a much higher price than you got it for, unless you are undertaking major restoration or renovation works.
That being said, it is still possible to monetise your boat or yacht by renting it out. For instance, there is quite a bit of demand for weekend yacht parties in Singapore. This does take extra work though, as many yacht rental businesses provide not only a crew but also perks like champagne buckets.
Total cost of owning a boat for a year (minimum)
Thinking of buying a boat in Singapore? Share your questions in the comments!
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How to buy a yacht in Singapore: Cost, size and other factors to consider before sinking your money in
Laura Nineham
The demand for big boys toys is on the rise, and it’ll only continue to grow. Here’s what you ought to think about before joining the party
It doesn’t take much to notice that the demand for yachts has been steadily increasing in Asia in the past few years. Yacht shows – such as the Singapore Yacht Show and Thailand Yacht Show – have reportedly pushed for a fair number of sales. In particular, the number of superyachts (over 79 feet / 24m in length) in Thailand increased by over 50 per cent in the last three years.
According to the 2019 Global Order Book , 78 per cent of yachts being built are motor yachts, with one in four measuring 78 to 88 feet (23 to 26m). But new builds only represent a small portion of yachts available to buyers. There are almost 800 superyachts advertised for sale online, and the majority of these are pre-owned.
Which yacht builder should I go to?
The first – and most important question – is who to buy your yacht with. If you’ve already seen a yacht you like, that solves a lot of issues. But if you need help finding the right yacht, that’s where you need a broker to step in. There are numerous brokers and dealers in Singapore, such as Simpson Marine , Hong Seh Marine and Boat Lagoon Yachting Singapore.
To build or to buy?
Many first-time owners prefer purchasing pre-owned yachts and refurbishing it, as it gives them an opportunity to really understand the workings of the vessel. Price wise, expect an upwards of USD9 million (S$12 million).
Uncovering the (not so) hidden costs
You’ll also have to take into account the upkeep, which includes everything from insurance, fuel, docking fees to crew salaries, maintenance and repair bills and more. A conservative figure to keep in mind would be shelling out 10 per cent of the yacht’s value towards its upkeep every year.
Pleasure pursuits
It’s also important to ask yourself what the main objective of your purchase. Is it for business, where the intention is to charter? Or is it for personal use. If it’s the latter, how open are you to renting it out when it’s not in use? On average, owners are on board just six weeks a year, and chartering the yacht allows them to maximise their purchase.
The charter market is fairly competitive, and this means you’ll need to be very selective about the yacht you’re purchasing. The most popular charter yachts offer equally sized ensuite cabins, plenty of space to entertain, are run by an exceptional crew. They also tend to have the latest amenities like tenders, jet skis, a gym, whirlpool tub and at times, a spa.
You also need to identify your clientele and market share. It’s easy to find a yacht that can accommodate eight people, but when you start looking at 10 or more overnight guests, the number of potential yachts will drop. Ask yourself if that’s a space you’d like to be in. It’s important to be aware that if you want the yacht to accommodate more than 12 guests, the classification rules change and it becomes more complex.
Building: bespoke, classic production or semi-production
For those who have their hearts set on building yacht, you can either go for a bespoke build or a production piece (mass built by the brand).
And here’s where things get slightly trickier. There are roughly 150 new yachts hitting the water every year, but only a few of these are custom builds . If you’re looking for a yacht under 100 feet (30m), consider a production yacht. Price aside, it will be delivered to you much sooner, given that there are less bespoke options on a yacht for you to consider.
If you go with a production yacht, choose between a classic or semi-production yacht, the latter which is essentially a more customised option. Semi-production superyachts sit on a production hull while allowing you to make a number of personal touches, offering the best of both worlds in terms of cost and personalisation.
But if you truly desire a custom-built superyacht, you can take a look at some concepts that have been backed by superyacht yards , or commission a team to craft a yacht that is tailored to your specifications .
Play the waiting game
Commissioning a new build is a complex process that spans years. Expect to wait upwards of three years depending on the size. According to a representative from Benetti Yachts , it takes roughly four years from the time someone toys with the idea of buying a yacht to actually making the purchase.
Choice of marina
Singapore is an obvious choice in the Southeast Asian region, given its lack of severe weather conditions and stable economy, explains Scott Walker, director of Asia Pacific Superyachts Singapore.
The city’s robust banking system is also preferred by the wealthy, which makes it simpler to send or receive money if you’re transferring the purchase price or dealing with charter fees. Plus, Singapore has shipyards and service providers in abundance. Adding to the appeal is the fact that foreign registered yachts can also be exempted from GST on purchases if they go through the proper channels, Walker says.
It’s location as a hub for the region is another reason to keep yachts in Singapore, as it’s within sailing distance to Pulau Tioman in Malaysia and the Anambas Islands in Indonesia.
Size matters
Of course, the marina you select also depends on the size of your yacht. The bigger the yacht, the more challenging it’ll be to find space for her in the region. The most common size for a superyacht is between 78 and 100 feet (24 and 30.5 metres), but that’s on a modest side of the scale. For context, Azzam , the largest yacht in the world measures six times that, at 590 feet (180m). And not many marinas are able to accommodate yachts of that size.
If you decide to keep your yacht in Singapore, you’ll need to ensure the size is under 200 feet (61m), because that’s the maximum size that can be accommodated ONE°15 Marina Sentosa Cove, our city’s most prestigious marina.
With 90 per cent of yachts staying at the marina on a long-term basis, ONE°15 Marina Sentosa Cove is a realistic option for a homeport. But space is competitive: the marina receives more than double the number of enquiries than they have berths each year, reveals Esther Ang, marketing manager of the marina.
In fact, demand is so high that the marina is undergoing renovation. By the end of 2020, it’ll be able to accommodate 19 superyachts, up from its original 12. Yet another reason to berth at ONE°15 is its CIQP facilities, which allows the boats to clear in and out of Singapore at the marina, instead of the Immigration Anchorage.
If you’re thinking of buying a yacht closer to 100 feet (30.5m), your berthing options increase – but the three other marinas in Singapore with space for yachts of this size. When Raffles Marina opens its CIQP facility in October, it may become a more attractive alternative to ONE°15.
How far can it go?
To understand just how long-range your yacht needs to be, you have to know where you’d like to take her. If you plan to cruise the coasts of Malaysia, Thailand and beyond, range is less of a concern because there are a handful of facilities that you can access, such as Royal Selangor Yacht Club, Royal Langkawi Yacht Club and Royal Phuket Marina.
But if you’d like to go somewhere more remote on a regular basis, you’ll need a yacht with a higher range. Take for example Indonesia, where the nearest marina is in Bali, and can accommodate yachts up to 98 feet (30m) in length. In this instance, you should aim for a range above 2,500 nautical miles. Feadship’s Najiba has a range of 6,000 nautical miles , for example, although that is exceptionally far.
For those who’re especially keen on exploring the numerous archipelagos that scatter the region, it’s best to opt for a yacht of a smaller size, which relates to a smaller draft, and ease for exploration. Or maybe consider purchasing a chase boat while you’re at it.
Lastly…
Don’t forget to hire a lawyer right from the start of the process. Buying a yacht is more like purchasing a jet or floating real estate, compared to a car and should be treated with as much scrutiny. We’ll leave you with a tip: Never skip the sea trial or full condition survey, and don’t skimp on doing the due diligence.
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We understand the personal benefits of owning a superyacht, as well as the beauty and craftsmanship it represents. As a recognized provider of yacht financing, we can assist you with your purchase of a new or pre-owned yacht, or unlock the liquidity in a yacht you already own.
As a recognised provider of yacht financing, we understand the personal benefits of owning a superyacht—as well as the beauty and craftsmanship that a luxury superyacht represents.
At J.P. Morgan Private Bank, we can assist you with your purchase of a new or pre-owned yacht, or to unlock the liquidity in a yacht you already own. You can benefit from our high level of diligence and experience, as well as our ability to offer flexible, cost-effective options that can address your cash flow, tax position and lifestyle needs.
Yachting is a passion for many of our clients. So they can spend more time setting sail, we partner to support them on all aspects of their yachting journey.
Why leverage a yacht?
- Find liquidity in a traditionally illiquid asset Fund your purchase of a new or pre-owned superyacht through a bespoke financing strategy, or refinance the superyacht you currently own.
- Preserve your equity capital Make additional higher-yielding investments, direct additional funds toward your business, or increase liquidity to meet expected or unexpected cash flow requirements.
- Maintain your investment strategy Optimize and increase your assets without disrupting your investment portfolio.
- Diversify your sources of liquidity Superyacht financing offers a different source of borrowing, potentially freeing up other secured lines of credit for more tactical purposes.
Guide: Considerations when purchasing, owning and operating a yacht
In partnership with some of the leading organisations in the yachting industry, Sam Cook, Head of Specialty Lending (Yacht, Aircraft, Art), J.P. Morgan Private Bank, EMEA, explores key questions to consider when purchasing, owning and operating a superyacht.
Yacht Financing Services
Key Services: As with specialty assets, the purchase of a superyacht brings together many highly skilled professionals. Our lending advisors have a consultative approach with an understanding of the complexities of building, purchasing, managing and chartering superyachts. We will help you consider the implications based on our knowledge of the superyacht industry and understanding of your financial condition, cash flow and balance sheet, so that you can make the right financing decision with confidence.
Financing a yacht purchase
Working with us, you can expect:
- Niche access and experience: In a business that relies heavily on relationships and trust, we can connect you to key specialists: leading shipyards, brokers and yacht managers, as well as legal and insurance specialists.
- Registry Guidance: We can help coordinate guidance on choosing the appropriate jurisdiction for registration yacht financing terms—in consideration of the Tax & VAT implications, chartering requirements and your financing needs.
- Efficiency and effectiveness: We seek a streamlined process, keeping you fully apprised of each step.
- Collaboration with your other advisors: We coordinate with your other trusted professionals to help ensure the best outcome for you.
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Vessel financing.
Expand your shipping fleet with Maybank's competitive interest rates.
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Increase in Yacht Ownership in Singapore
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Join the trend of yacht ownership in Singapore and enjoy the luxurious lifestyle it offers. Learn more about the increase in yacht ownership in this guide.
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Singapore First Luxury Fishing Yacht Charter
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When looking for new, pre-owned, and used yachts for sale in Singapore, the amount of time it takes to narrow down exactly what you want can some times be intimidating. With so many manufacturers, models, and boat types, how do you begin to find the right yacht that meets your budget and your needs?
United Yacht Sales is the one-stop professional yacht brokerage that can navigate you through the frustrations and help you make the best decision possible when it comes to the purchase of your next boat. We can help you find the yacht for sale, set up the showings, help negotiate pricing, handle the yacht closing and everything else involved, and we do all of this so you are able simply sit back and to enjoy the process. Buying a yacht requires a significant investment and it is our goal to provide you with detailed information and professional guidance.
When searching for a yacht for sale, there are a plethora of options. The yachts on our website number over 7,000 listings, including yachts built by top brands such as Hatteras, Viking, Bertram, Sea Ray, Azimut, Sunseeker, Ferretti, and more. United can also help you find the best used center-console boat in Singapore from brands like Yellowfin, Contender, and more.
To view a yacht for sale in Singapore, browse below and click the photo for more information.
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The only choice for Yacht Brokers in Singapore
United Yacht Sales is the brokerage firm that gives you the personal attention you need. Since we opened our doors in 2002 to sell yachts in Singapore, our actions and care for you, the client, have helped us become the largest independent yacht brokerage in the country. It is this attitude that ensures our buyers and sellers return to us when they are ready to buy or sell a yacht again.
Our professional yacht brokers number more than 150 and encompass the United States, Canada, the Bahamas, Mexico and other locations worldwide. This means we have extensive coverage in the major markets throughout North America. Our knowledgeable and experienced yacht brokers get results, as evidenced by the over 600 transactions representing $100 million that we close each year. When you're searching for used yachts for sale in Singapore, United Yachts Sales ensures you find the yacht you are searching for.
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28 Best Yacht Rentals in Singapore [2024]
Looking for the perfect yacht day out here are the best yacht rentals in singapore.
Renting a yacht is one of our favourite ways to spend a day in Singapore. Sail to Lazarus or Hantu Island, do watersports, have a BBQ on board - bliss! It's the perfect way to celebrate a friend's birthday, spend quality time with family, or bond with our team. Find the perfect yacht rental for you here!
Want more? Check out all our handpicked yacht rentals in Singapore here.
Budget Friendly Yacht Rentals
Pet-friendly yacht with amazing crew.
Mare Mio is one of the most popular yachts with the most amazing crew - look at the rave reviews! Mare Mio is not the fanciest yacht (it's cosy and doesn't have AC), but it makes up for that by having a ton of heart, lots of water activities like fishing, and the best price point. PLUS it's pet-friendly so bring your furbaby along! Highly recommended for families.
Suitable for 5-10 persons.
Yacht with Lots of Water Activities
Zen Sea I is great for families or a group of friends who love the water. It's super affordable, has ample room to move about and our favourite thing? It has a wide range of fun water activities like snorkeling gear, floats, fishing rods, a paddleboard, and a kayak to keep the active adults and kids happy!
Suitable for 5-20 persons.
Best-Value Catamaran Yacht
If you're looking for the most affordable Catamaran yacht, this is it. It's not the fanciest catamaran, but White Sails boasts IG-worthy deck nets and lots of room to lounge - all at a very affordable price point. Bonus: They also have a karaoke system for those who would like to sing their hearts out on the open sea!
Suitable for 10-18 persons.
Modern Yacht to Southern Islands
The Tarara is a pretty new, modern yacht that's great for small groups. This yacht sails to the Southern Islands and anchors at Eagle Bay in St John’s Island, where you can swim, go fishing (rods and bait are included), or simply relax and enjoy being on the water. We especially love lounging on the the watermat, so be sure to try it!
Suitable for up to 5-10 persons.
Spacious Great-Value Yacht
If you're looking for a leisurely day out from Sentosa, Golden Ocean could be a good choice. It is a good-sized yacht with multiple areas to lounge, and it provides complimentary use of the gas BBQ grill. Not many water activities are included in the price, but you can add on floaties and fishing equipment if you like!
Suitable for up to 18 persons.
Full Day Fishing Boat with Experienced Instructor
This 9-hour private fishing charter is an amazing deal, if you're looking to fish! It's a pretty basic boat, nothing fancy, but you get a great day out at sea. During this 9-hour private charter, you'll get to learn fishing techniques from an experienced fishing instructor, and bring your catch home! This is kid-friendly (for kids aged 5+), and is perfect for a fun family day out!
Suitable for 4-7 persons.
Amazing Value Fishing Boat for Beginners
If you're looking for the cheapest day out on the water and you've always wanted to fish, this 4-hour private fishing charter is great for you. Here, you'll learn from fishing pros the basics of fishing offshore, how to use a fishing rod, how to tie your own fishing rigs, and learn the different techniques of bottom fishing, Jigging, Tenya and more!
Suitable for 2-4 persons.
Best Yachts for a Birthday Celebration
Spacious catamaran yacht with bbq.
This is one of the more popular sailing catamarans as it's good-value and spacious for a group up to 18 persons. The's lots of watersports gear like kayak, paddleboards and floating mats to keep everyone happy. And if you bring your own food, the crew will be happy to fire up the BBQ for you! Usually BBQ services come with an additional charge for yachts so this is a great perk :)
Suitable for 8-18 persons.
Popular Modern Yacht for Families
This is the perfect yacht for a special occasion, if you have a small group. It's one of the top-rated yachts because it's run by an incredible crew that just wants to make your day super special. It's not huge but it's ideal for a small group, and there's enough room on the deck to lounge in the sun. Book it if you're looking for amazing hospitality, and a crew that treats you like family!
Luxury Sailing Catamaran for a Treat Day Out
This is one of our favourite yachts and a real treat to be on. The Waga Mari is a beautiful modern sailing catamaran, and is perfect for groups that prefer something more luxurious and spacious. Here you'll get top-notch treatment from a wonderful crew and feel pampered! Top tip: Captain Martjin is an amazing cook - so do bring your favourite cuts of meat for him to BBQ on board.
Suitable for 5-27 persons.
Modern Yacht to Hantu Island, with Fun Dives & Yakiniku Grill
This is a lovely modern yacht that foodies would love! It's the only yacht with a yakiniku grill on board. You can bring your own meats to grill, or you can ask the crew to arrange premium cuts of Wagyu and other Japanese food (at additional cost). Here you can choose to sail to Lazarus Island (better for water activities), or Hantu Island (off-the-beaten-path, stronger currents). Monako is also one of the few yachts that offers fun dives for certified divers!
Suitable for 5-10 persons
Romantic Yacht Wine & Dine at Lazarus Island
If you have a special celebration coming up, or are looking to propose, this is a great yacht for it. Here you'll head out to Lazarus Island for a special 2-course meal with complimentary wine. You'll also get to try your hand at fishing - if you catch anything, the crew will BBQ it to add it to your meal! It's one of the most special experiences you can have in Singapore.
Suitable for 2-6 persons
Iconic Junk Boat with Paddleboarding
This iconic junk boat is a crowd favourite for birthday celebrations! It is longer than a usual charter (5-hours instead of 4), so you'll get to fully enjoy your time out on the water. The boat is super cool (very IG-worthy!), the crew is really fun, AND the icing on the cake is that you'll get standup paddleboarding lessons from experienced instructors. Bonus: it's pet-friendly so you can bring your furbaby for an extra memorable day out!
Suitable for 5-13 persons.
Modern Luxury Sailing Catamaran
Aquaholic is modern, well-maintained and one of the newer luxury sailing catamarans in Singapore. Guests have raved about its caring crew and exemplary service - even helping plan a surprise proposal to resounding success! Hop on if you're looking to treat yourself and your loved ones!
Suitable for 5-18 persons.
Spacious Catamaran with KTV & Disco
For party animals, this spacious yacht not only comes with a karaoke system, but also with disco lights! Party the night away with free-flow alcoholic drinks, or even have a cocktail workshop on board (both at an additional cost). The catamaran even boasts a large BBQ pit at the stern should you choose to have a BBQ at sunset off Eagle Bay, Lazarus Island.
Suitable for 5-28 persons.
Pet Friendly Luxury Catamaran Yacht
Ocean Diva is a luxury catamaran, that also happens to be pet-friendly! So if you're celebrating a special occasion, you can have your furbaby (dogs only!) by your side 😉 There are also plenty of water activities to keep you entertained - lounge on the water mat, kayak, and paddleboard!
Suitable for 15-23 persons.
Yachts with KTV Onboard
Modern yacht with entertainment system & water toys.
If you're looking for modern comforts while you're out at sea, try Blessed Yacht. The yacht has spacious AC cabins, 32” plasma television, and karaoke sound system. The galley at the saloon includes a refrigerator and microwave oven. In other words, it is almost like a condo on the wave! For those who don't mind the sun, the yacht also provides lots of water toys!
Suitable for 5-15 persons.
Party Yacht with Fun Water Toys & Towable Float
The High Seas Yacht calls itself the Party yacht, and it's perfect for a small group looking to party out at sea. It has a Karaoke System with 2 mics, 55" TV with Netflix and lots of water toys to entertain! The unique perk of this yacht is that it offers 1-Hour Dinghy rides & Towable Float. That will definitely get the party started on a high note!
Suitable for 5-12 persons.
Spacious Yacht to Lazarus Island with Floaties!
Karaoke system AND floaties - what more could you want for a fun day out?! Why Knot 1 is a spacious, comfortable yacht that's great for a group of friends or family. Anchor at either Lazarus or St John's Island and have some fun in the water with the floaties, watermat and paddleboard provided.
Suitable for 8-20 persons.
Large Yachts for Corporate Events (Up to 30 Pax)
Gorgeous luxury catamaran, with optional catering services.
This luxury yacht is not only gorgeous, it's also one of the few yachts that will also cater food (on request). So it's the perfect yacht for client and team events where you don't need to lift a finger to impress! This elegant catamaran also has many spacious common areas for guests to lounge, including a spacious AC saloon with panoramic windows for those who want to enjoy the sea, without the sun. It's also 5 hours which is perfect time for a corporate event, without feeling rushed.
Suitable for 10-33 persons.
Catamaran with KTV & Lots of Entertainment
The SY Dakota is great if you're looking to impress clients. This is one of the most modern and well-maintained catamaran yachts in town, with lots of room to lounge. You'll also get a ton of really fun complimentary water toys to enjoy! SY Dakota also has a large projector and screen for movie nights under the stars or that more serious work retreat presentation you need to give.
Spacious Sailing Catamaran
If you're looking to wow your guests, hop on the Jyohana. One of the largest sailing catamaran yachts, it has a huge amount of outdoor space for alfresco dining and relaxing. It is one of the rare yachts with 3 kayaks so guests can kayak together in groups, and also provides a dinghy for guests to easily get to shore. For those who prefer the indoors, there's also a Bose Home Cinema System and ASTRO Karaoke System with 10,000 song list in the spacious AC saloon.
Suitable for 10-30 persons.
Modern Fun-filled Catamaran with Fishing
If you're looking for a spacious yacht with a variety activities to keep clients and colleagues entertained, this is the yacht for you. In addition to the water toys onboard, you can also learn to fish onboard with experienced instructors and sing to your heart’s content with the karaoke system! 4 hours won't be enough on this fun-filled yacht so be sure to add-on a couple of hours for the perfect day out 😉 Note that this yacht doesn't allow red wine.
Suitable for 8-30 persons.
Huge Twin Deck Catmaran with Waterslide
This yacht is HUGE. It's the rare twin deck catamaran, so there is a ton of space both indoors and outdoors for large groups to socialise. This is perfect if you require lots of space for people to mingle and socialise (e.g. if most people won't be doing water activities, or if it's an evening event). For extra fun, there's karaoke, and you can also rent a giant waterslide and water scooter! Note though that this yacht isn't BYOB and corkage is chargeable.
Suitable for 5-30 persons.
Spacious Yacht with Large BBQ space, Few Water Toys
Sardinia is a 3-deck high yacht, with a large sheltered area for guests to relax and have a BBQ. It offers complimentary use of the BBQ pit (though cooking services will be chargeable), and the crew are very accommodating. This is good for groups who want a lot of space on the yacht for hanging out and BBQ, but don't need a lot of water activities (only paddleboards are included).
Staycation on a Yacht!
1d1n adventure staycation on a junk boat, with campfire.
This is for those who are up for an adventure! On this authentic traditional junk boat, you'll not only get private paddleboarding lessons at the Southern Islands, you'll also get to enjoy a beach campfire at night, or have a movie night under the stars. Even if you're a complete newbie to paddleboarding, the team of experienced SUP instructors from Island SUP will have you up and paddling in no time. 💪 Bonus: It's also pet-friendly!
Suitable for 5-7 persons.
3D2N Unforgettable Sailing Staycation
Hop on this sailboat for a sailcation you'll remember for life! Here, you can try your hand at sailing, and you'll also enjoy a super unique 3D2N itinerary. Other than Southern Islands & Hantu Island, if the weather permits, you'll also visit the mangroves in Ubin, try wild oyster shucking and even visit the kelongs (floating fish farm).
Suitable for up to 5 persons.
3D2N Luxury Sailing Staycation
If you're looking to really treat yourself and your loved ones, hop on the SY Dakota for a 3D2N luxe sailing seacation! During this seacation, you'll enjoy sailing and water activities at Hantu Island, St John Island, Seletar Island and Ubin. In the evenings, SY Dakota will set up a projector and screen for movie nights under the stars. Bliss! 🤩
Suitable for up to 6 persons.
Frequently Asked Questions
More field notes finds.
Private Yacht Finance
A division of m & m private lending group, llc.
At Private Yacht Finance, we provide yacht loans for credit-challenged and other unique situations. Designed for individuals that are purchasing expensive, high-quality pleasure crafts and are having difficulty obtaining a boat loan commitment from traditional banks.
Loan Application
Loan Amount
$150,000 Minimum Loan Amount
Minimum Purchase Price
$300,000 Minimum Purchase Price
Maximum Loan
$750,000 Maximum Loan
Fixed interest only
16 to 17.99% Fixed interest only & fully amortized loans available
Origination Charge
3 to 4 point origination charge
Loan Term
Up to 48 month term
Minimum Loan
Minimum 12 months
Services offered by Private Yacht Finance
How do we meet your private yacht financing needs, yacht financing, boat financing, hard money loans, organizations we support.
Below Some past or current yacht loan suituations that require hard money yacht lending
Cash out of late model yacht
Successful business man in Ft Laudersale, Florida needed a small cash infusion into another business venture. His current assets were all tied up in performing stocks and bonds but and he owned a 2001 Lazzara Yacht. We were able to loan $300,000 against a $650,000 liquidation value so borrower got the fast cash he needed that was tied up in his yacht.
Unverifiable Income
Borrower was having difficulty obtaining a traditional loan approval as a result of his inability to verify enough taxable income to substantiate the loan advance. The borrower had a decent credit score and had accumulated a significant amount of cash. As a result of these factors, alternative lender advanced $450,000 against a newer year Sea Ray with a purchase price of $900,000.
Non US Citizen/Foreign Owner example
Borrower was from South America and having difficulty obtaining a bank yacht loan due to traditional bank asking for too much documentation. Borrower was wealthy but earned most of his money overseas and his financials were not documented well. Borrower had resided in the United States for many years and owns a few condos he rents out and a home he lives in. We extended $500,000 against a purchase of a 2016 Azimut with a purchase price of 1.4 million.
Non-Traditional Boat Use example
Borrower was having difficulty obtaining a traditional loan approval because he intended to utilize the boat as a charter vessel in south Florida. Borrower had excellent credit and liquidity. As a result of these factors, we did a first Lien motgage of $400,000 against a purchase price of $800,000.
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US to boost scrutiny of United Airlines after safety incidents
United Airlines said late Friday that U.S. safety regulators will boost scrutiny of the airline after a series of recent safety incidents.
Alibaba-backed fintech Akulaku secures HSBC financing, aims for double-digit growth
William Li told Reuters in an interview on Friday the proceeds from the financing will be used to settle some of Akulaku's debts.
"The financials of the entire group are seemingly more and more healthier than before, so we are not in urgent (need) of raising money. We would like to see that the entire group is profitable and then we're considering whether raising money or not," he said.
HSBC Singapore said in Akulaku's press release that the deal reinforces the bank's commitment to support new economy businesses.
In 2022, Japan's Mitsubishi UFJ Financial Group (MUFG) and Thailand's Siam Commercial Bank invested $200 million and $100 million, respectively, in Akulaku.
Akulaku, which started operations in 2016, has a presence in the Philippines, Malaysia and Thailand, plus Indonesia, the major market for the company as it has a huge tech-savvy population.
The firm disbursed around $3.5 billion of loans last year, 25% higher than the previous year, and saw "mild growth" of around 20% in revenue last year to around $500 million, the CEO said.
This year, it is aiming to increase revenue by 16% to 25%, citing increasingly fierce competition in the online lending sector, but is hopeful that Indonesia's 2024 economic growth outlook of around 5% will support its target.
Li also said the company planned to increases its physical presence in Indonesia, which contributed 90% of its total revenue. The firm will hire more local senior bankers to support its operations in Southeast Asia's largest economy.
Akulaku faced a temporary ban in Indonesia last year for its "buy now, pay later" service, with the country's financial services regulator saying it had failed to fulfill "mandatory actions". The ban was lifted last month following Akulaku's corrective actions.
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DBS Bank: DBS Bank is one of the leading banks in Singapore that offers yacht financing for both new and used yachts. DBS Bank offers a fixed interest rate of 4.88% per annum and a loan term of up to 15 years, with a minimum loan amount of S$200,000 and a maximum loan amount of 70% of the yacht price.
Dive into the intricacies of yacht financing in Singapore, where we demystify the process from bow to stern. Learn about the various financing options available, from traditional loans to bespoke solutions tailored to your nautical ambitions. Discover key insights on interest rates, repayment terms, and eligibility criteria, ensuring you're ...
With our expertise in yacht financing, we can help you secure a loan of up to 50% of the yacht's value. Our competitive interest rates make yacht ownership more affordable than ever. As the only provider of yacht financing in Singapore, we are committed to helping you make your dream of owning a yacht a reality. ... Singapore 608601 +65-8286 ...
Financing. With relatively low interest rates in Singapore at the moment, financing may be a good option for boaters looking to purchase their dream boat. You can loan up to 70% of the price of the boat, depending on your income level and residency status. TheBoatShopAsia can also arrange Co-ownership and co-financing for those wanting to get ...
If you are looking for a way to buy a yacht in Singapore, you might be wondering how to finance such a big purchase. Yachts are not cheap, and they require a...
Wet berthing costs are generally in the $480 to $1,500 per month range, depending on location and the size of your boat. If you are getting a club membership in order to berth your boat, you might also receive other perks like use of the club's gym. Here are the available Marinas in Singapore: Marina @ Keppel Bay. Marina Country Club.
We provide yacht brokerage, yacht & charter management, yacht financing services to boaters internationally. We provide yacht brokerage, yacht & charter management, yacht financing services to boaters internationally. ... 10 Things to Look Out for in Yacht Management in Singapore. 7. 0. Post not marked as liked. 55 Toh Guan Road East. Uni-Tech ...
The bigger the yacht, the more challenging it'll be to find space for her in the region. The most common size for a superyacht is between 78 and 100 feet (24 and 30.5 metres), but that's on a modest side of the scale. For context, Azzam, the largest yacht in the world measures six times that, at 590 feet (180m). And not many marinas are ...
Wet berthing costs are generally in the $480 to $1,500 per month range, depending on location and the size of your boat. If you are getting a club membership in order to berth your boat, you might also receive other perks like use of the club's gym. Here are the available Marinas in Singapore: Marina @ Keppel Bay. Marina Country Club.
Our network of allows us to obtain competitive quotations for insurance and financing for the acquisition, construction or refit of yachts. For more details of our Yacht Ownership, Yacht Management and Yacht Administration services and solutions see our dedicated website at
Our dedicated team focuses on ship, yacht and marine project finance. ... Acted for a US financial institution on its US$360 million credit facility to a Singapore shipowner to finance the construction of six LPG carriers. Singapore. Financing the purchase of Germany's largest cruise ships
Contact Us. DBS BusinessCare. 1800 222 2200 (in Singapore) /. +65 6222 2200 (Overseas) Mon to Fri (exclude PH) 8:30am to 8:30pm.
As a recognised provider of yacht financing, we understand the personal benefits of owning a superyacht—as well as the beauty and craftsmanship that a luxury superyacht represents. At J.P. Morgan Private Bank, we can assist you with your purchase of a new or pre-owned yacht, or to unlock the liquidity in a yacht you already own.
Boats and Yachts in Singapore. YachtWorld presently offers 117 yachts for sale in Singapore from experienced yacht brokers and new boat dealers who can often offer vessel warranties and yacht financing information. Of these listings there are 22 new watercraft and 95 used boats and yachts for sale right now.
Boats and Yachts in Singapore. YachtWorld now offers 87 yachts for sale in Singapore from professional yacht brokerage companies and new boat dealers who can often offer various warranty packages for your yacht along with loans and financing options. Of these listings there are 14 new vessels and 73 used boats and yachts for sale right now.
Ease of financing your purchases with flexible loans from 3 to 10 years. Attractive loan quantum: Up to 70% of the cost or valuation on a new vessel (whichever is lower) OR . Up to 60% of the cost of valuation on a used vessel (whichever is lower). Lighten your working capital sunk into vessel purchases. Competitive interest rates on working ...
The interest rate, the boat term, and the purchase price of the boat will also affect the amount of the monthly payment. If you want to roughly estimate what your boat payment will be, calculate 1 to 1.5% of the value of the boat. For example, if you buy a boat worth $100,000, expect to pay between $1,000 and $1,500 per month.
The first step is to familiarize oneself with yacht finance choices. Loan financing, yacht leasing, and yacht charter Singapore are some of the possible alternatives to outright purchasing a yacht. Keeping up with regular yacht maintenance and repairs is also crucial to ensuring your vessel is in peak condition and available for use at any time.
The yachts on our website number over 7,000 listings, including yachts built by top brands such as Hatteras, Viking, Bertram, Sea Ray, Azimut, Sunseeker, Ferretti, and more. United can also help you find the best used center-console boat in Singapore from brands like Yellowfin, Contender, and more. To view a yacht for sale in Singapore, browse ...
FEATURES. Applicable to both New & Used Vessel. High loan quantum of up to 80% * of Purchase Price or Valuation, whichever is lower. Flexible repayment period of up to 10 years *. Competitive interest rate. *Terms & Conditions apply. How To Apply.
It has a wide range of fun water activities like snorkeling gear, floats, fishing rods, a paddleboard, and a kayak to keep the active adults and kids happy! Suitable for 5-20 persons. read more. 4Hr Yacht to Lazarus Island | Kayak, SUP, Watermat, Fishing. From S$ 640.92 / group of 5.
Marine Bookings, +65 6932 9932, www.marinebookings.com. WHITE SAILS *Best Yacht Rental For Families In Singapore. Overnight Sail In Singapore. With 65,000 happy customers onboard and 4,500 trips over waters, White Sails is a premium yacht charter service that will meet your every need. Their yachts are perfect if you want an overnighter, since ...
305-899-2201. Private Yacht Finance specializes in providing private loans to meet your boat financing needs. Designed for individuals that are purchasing expensive, high-quality pleasure crafts and are having difficulty obtaining a boat loan commitment from traditional banks. Credit challenged, unverifiable income, non US citizen, or other ...
SINGAPORE — The latest six-month Treasury Bills (T-bills) issued on 19 March 2024 had a cut-off yield of 3.78 per cent per annum, with a cut-off price of 98.115.. The total amount applied was S$14.4 billion, with a total amount allotted of S$6.3 billion. The total amount allotted to non-competitive applications was S$2.5 billion.
New York easily remains the world's top financial centre, cementing its position for the past six years after it overtook London, in second place ever since, ahead of Singapore, the latest Z/Yen ...
Also read: Best credit card for public transport in Singapore (2023) Also read: How to decide on the best cashback credit card in Singapore for your needs (2023) Also read: Best air miles credit card in Singapore (December 2023) Priority Pass has more than 1,500 airport lounges around the world and is currently the largest lounge network worldwide.
Southeast Asian online lending platform Akulaku, which is backed by China's Alibaba BABA, secured up to $100 million of debt financing from the Singapore branch of London-based HSBC HSBA, Akulaku's CEO said, as it aims to make the company more profitable.. William Li told Reuters in an interview on Friday the proceeds from the financing will be used to settle some of Akulaku's debts.
A Singaporean court adjourned hearing on a suit filed by Ares Management Corp. and other lenders against Indonesian businessman David Salim over contempt-of-court allegations, the latest turn in ...
Foreigners who have lived or worked in Singapore, or have been here for at least 183 days in the previous calendar year, or been in Singapore continuously for more than three years, are also obligated to pay income tax. If you do not meet any of these conditions, you will be treated as a non-resident of Singapore for tax purposes.
Iron ore went on a roller-coaster ride, initially sinking well below $100 a ton only to flip higher following Chinese data that painted a mixed picture on steel demand. Futures — which sank more ...