ONE°15 adds 66 new berths
Published: Wednesday, 04 May 2011
ONE°15 Marina Club has completed the third and final phase of its expansion of marina pontoons, done in time to host the Singapore Yacht Show. The expansion sees the addition of 66 new berths to the previous total of 204. The increase in berthing space comes amid growing superyacht traffic to Singapore, with more visiting yachts looking for temporary berthing, and a rise in large yacht ownership within the city. In 2009, there were 59 superyacht visits to Singapore; this number grew to 81 in 2010.
ONE°15 has prides itself as having contributed to the growing awareness among Singaporeans about yachting and the waterfront lifestyle. Since 2007, the club has hosted international boating affairs such as the Volvo Ocean Race in 2008-2009, and most recently, the Singapore Yacht Show (SYS). Arthur Tay, Executive Chairman and CEO of SUTL Group, which owns ONE°15, said the Club was proud to have contributed to raising Singapore’s profile as a global yachting destination.
SUTL is also riding on the club’s success to explore prospects overseas. “We are actively pursuing marina projects in Vietnam, Korea and China. The fastest economic growth in the world is here in Asia and we are seeing more and more of the super wealthy wanting to embrace new lifestyle choices such as yachting and waterfront living. Be it seaside, lakeside or riverside, we expect to see more infrastructure being built to accommodate this growing demand and governments putting the appropriate regulatory environment in place for yachting activities. These developments present many opportunities for us,” added Tay. The ONE°15 Marina Club marked the company’s first major foray into lifestyle products and services in Singapore. Besides its marina business, the company is also keen to extend its lifestyle arm, which currently constitutes 25% of its overall turnover, to other areas.