Phuket fractional ownership ventures into new waters

PHUKET: Among the many luxury yachts to go on display at the 2012 Phuket International Boat Show (PIMEX) at Royal Phuket Marina. on Thursday will be the event’s first fractional ownership boat for sale.

Shared ownership pioneer Absolute Fractionals will showcase the Elan42 luxury motor yacht. A product of one of Europe’s largest and long established shipbuilders, the yacht features unique interior specifications which can accommodate an owner plus two guests and two crew overnight.

Equipped with a single en-suite bathroom with separate shower, the offering provides a truly luxurious marine experience.

Yacht owner wannabes can stake shares in the 12.8 meter long power vessel for as little as a one-off payment of US$7,900 (243,000 baht).

Each investor owns a percentage of the motor yacht and is registered in the Certificate of Ownership as a shareholder in the asset.

Owners can choose to lease out their annual allotment for a nominal return, and at the end of their tenure (currently 10 years), will be entitled to proceeds from the sale of the boat in proportion to their investment.

Absolute have pioneered Fractional Ownership Resort Real Estate in Asia and now apply their award-winning experience bringing to the market Fractional Motor Yacht ownership through their Marine division.

“Fractional Ownership has become the preferred ownership choice for many astute buyers around the world,” said Bryan Lunt, Chairman of Absolute World Group, parent company of Absolute Fractionals.

“At Absolute World Group we successfully pioneered Fractional Ownership for real estate in Asia, and have delivered vacation ownership experiences to thousands of satisfied customers.

“Responding to the desires of our customers for new and even more exciting vacation experiences, we are proud to launch the first of many luxury Motor Yachts under Absolute Fractionals, which allows customers to purchase only the time they plan to use, and enjoy their investment with no on-going financial concerns,” added Mr Lunt.

Fractional Ownership means costs are shared between all the owners, including mooring, maintenance, crew and insurance fees, allowing owners the peace of mind to enjoy a luxury boating lifestyle, without the financial concerns.

As the Absolute Boat Fractional program builds, more luxury motor yachts will be added giving members more choice and the possibilities to upgrade to an even more luxurious superyacht, Mr Lunt explained.

Interested parties can step on board the boat at PIMEX at berth D8, or visit the team in the exhibition hall at booth 46a. The team will also be at the Singapore Yacht Show later in April.

The Phuket Gazette is a sponsor of PIMEX 2012.

See our yachting lifestyle magazine All at Sea included free with the Phuket Gazette out this weekend.