With so many islands to explore around Singapore and the allure of having the freedom to travel by sea, owning a boat in Singapore can seem like a luxurious way to relax from the hustle and bustle of the city. With plenty of news about new superyachts and expensive charters, boats have become a status symbol for the ultra-wealthy. But how much does it really cost to own a boat? And is it more feasible to just rent a one instead? We explore the costs of yacht ownership below. Costs of Owning a Boat Owning a boat is extremely expensive and because it's a depreciating asset, you'll rarely get back what you paid for if you decide to sell it. Because of the high price of new yachts, most people tend to get second-hand yachts. For instance, while we found that the average cost of a new yacht is S$1,219,884,...