Would renting a 57ft motor yacht be better?

During the height of Sars we purchased 2 properties in Hong Kong, sold one to pay out the other out right almost a year ago due to doubling our equity. Todays property market seems over priced, with little scope for much property gain apart from earning rent, compared to our initial HK property buying/selling experience.


We have 2.9 million HKD wasting energy in the bank and want to invest again, I noticed that motor yachts seem to yield a higher monthly rental return for the same investment outlay compared to an apartment measuring the same space. ( 57ft motor yacht = 1024ft2 net useable space)


I am sure we can get our money back reselling the yacht 24 months down the track.


Tax purposes the yacht is also looking like a good idea on paper, anybody else had any experience in renting a fully furnished 50 - 60ft motor yacht out to tenants before ?


Rental return seems to be $20 -30K per month, so you can understand our vested interest, we don't hold much faith in HK property making any gains and expect it to drop due to world wide bad publicity ( pollution ) of Hong Kong loosing its competitive business edge.


Are there any pro's and cons that we need to consider ?

Well, I think the market for renting a flat is bigger then for renting a boat. It's not everybodies cup of tea to life on a boat.

Beside the rent you can get you need also to put the mooring fee and maintenance into your consideration. The maintenance for a boat might be even higher then for a flat.