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Jonathan Beckett: Burgess CEO predicts the future of yachting

Jonathan Beckett: Burgess CEO predicts the future of yachting

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The Asian market is gradually maturing

“In terms of the buyers, when China and Asia comes online that will release a lot of buyers into the market,” Beckett predicts. “In Singapore and Hong Kong, they are laying the seeds at the moment. I think it will be 5-10 years before that market matures. This generation has made their money and are intent on keeping it, but their children will spend a lot of time in the West, more than their parents and they will be the ones that go out and spend it.”

Burgess already has a strong presence in Asia, having recently exhibited the 77 metre Silver Fast (pictured above) at the 2017 Singapore Yacht Show. “We are laying the groundwork for the market that is going to come, as opposed to expecting lots of people to simply make offers on boats,” he adds.

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