Just how much does it cost to own a boat?

Owning a boat and spending time on water seems to be associated with the rich & famous. Just how much does it cost to own a boat in Singapore? A 40-50 ft yacht costs ~S$700K. That’s just the cost of the boat. You need to pay berthing fees, maintenance, etc. If you have that amount of spare cash, would you rather invest in a freehold property?

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