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Grand Banks touts increased sales in Asia

Grand Banks Yachts announced that it is on track to complete five luxury yachts for buyers from Singapore, Japan and Micronesia in the financial year that ends June 30.

This marks the highest sales to the region since the 2008-09 global financial crisis and comes amid growing interest in boating among Asians, according to BMY News.

Singapore Exchange-listed Grand Banks told the publication that three vessels were delivered between July 2012 and March to buyers from Singapore and Japan. Two more should be finished by the end of June for Singaporean and Micronesian buyers. In its previous financial year Grand Banks sold three yachts in Asia.

Releasing the sales figures ahead of the Singapore Yacht Show, which starts Thursday and continues through Sunday, Grand Banks said Asian sales for the past year underscore the success of its new designs and growing acceptance among buyers from the region for high-quality yachts manufactured at its yard in Johor, Malaysia.

Grand Banks will showcase two new designs for the first time in Singapore, a 43 Heritage EU and a 54 Heritage EU.

Click here for the full report.

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