China Builds First-Class Yacht Port in Tianjin

on October 15 2010 | in Boating & Aviation Lifestyle | by | with 1 Comment

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Catering to the desires of the country’s super-rich to dock their luxury yachts, China will build a first-class yacht port in the northern city of Tianjin, which is near Beijing.

This premier waterfront destination will cost 9 billion yuan (US$1.35 billion) and will include a 630 room Sheraton hotel, a yacht club and marina, seaside restaurants, retail mall, villas and a promenade. It will cover 900,000 square meters in Tianjin’s Binhai district with 750 berths to accommodate 300-foot-long luxury yachts, according to Yang Shihao, deputy head of Binhai district.

The yacht club will limit membership to people with an annual income over 200,000 yuan (US$30,000) and people who want to buy a yacht will need to have an annual income of more than 2 million yuan (US$300,000).

That shouldn’t be a problem considering the latest Hurun Rich List reports the country has 1,363 billionaires with 97 of them having personal wealth worth over 10 billion yuan.

 

 

 

via xinhuanet
photo credit: worldarchitecturenews

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One Response to China Builds First-Class Yacht Port in Tianjin

  1. Jing Daily says:

    Tianjin will certainly be a spot to watch – as yachtmakers will continue to make plays for the Chinese market. Additionally, Tianjin looks to be transforming into another luxury travel mecca, as they are already competing with Hainan to be a cruise liner destination.

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