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Overseas Health Insurance News: Record numbers at Singapore boat shows

Some of the wealthiest expatriates in the world have been in Singapore recently to purchase new yachts to go with their luxury lifestyles.

The city-state hosted Boat Asia at the Keppel Marina and the Singapore Yacht Show at Sentosa Cove over the course of last week, reports the Telegraph.

More than 10,000 visitors attended the former event and organisers of the latter believe they outdid last year's 12,000-strong attendance, proving that such occasions make for a good day out for ordinary expats too.

William Schick, general manager at Premium Nautical, told the news provider: "This is the biggest crowd I have seen at any boat show in Singapore in the nine years since I arrived."

The headline act at the Boat Asia event was the 318-foot superyacht Vava II that was originally commissioned by Swiss-Italian entrepreneur Ernesto Bertarelli for his wife Kirsty.

Vava II was the biggest superyacht to be built in Britain at the time of her construction.

At the Singapore Yacht Show the boat everyone wanted to feast their eyes on was the Twizzle, measuring 188 feet in length.

Singapore has the biggest proportion of millionaires anywhere in the world, making it the perfect location to showcase the luxury yachts.

Makers, brokers and owners were on hand to explain many of the features of the yachts and offer tours of their layouts.

Mark Cavendish, sales director of yacht builders Heesen, said: "We are very keen to develop the Asian market, because I don't know how much business there will be in Europe in the next five to ten years."

Singapore is becoming particularly popular with the richest people in the world as a direct consequence of the opening up of banks in Switzerland, which have previously been shrouded in secrecy.

Add to this its proximity to China and other increasingly wealthy Asian nations and Singapore is finding itself in a strong position.

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