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For sail: HK$300m dream homes

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Bored with luxury living on land and fancy a high-end residence with a difference? A 'mobile home' on the ocean waves may be an option - but only multimillionaires need apply. The most expensive apartments on the world's newest 'condo-ship' could set you back more than HK$300million.

Homes from home aboard the 219-metre Four Seasons Ocean Residences go on sale in Hong Kong on Saturday. Prices for its 112 residences start at Euro2.8million (HK$29.7 million) for a relatively modest, one-bedroom apartment.

A four-bed triplex covering 7,860 sqft costs Euro30million, or HK$40,350 per sq ft, almost the same as Hong Kong's most expensive luxury property, at Severn 8 on The Peak.

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Voyages are due to start in 2010. Buyers are promised decades of world travel in the utmost luxury.

Four Seasons Hotels & Resorts will provide five-star-hotel-style services to residents - who can while away their time in the ship's spa, casino and restaurants, on the putting green or snorkelling, scuba diving and jet skiing. Buyers purchase a 50-year leasehold. Danny Warman, vice-president of Florida-based Bayview Financial, one of two companies behind the project, said it had received several letters of interest from potential buyers in Britain, South Africa and the United States.

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Mr Warman said the apartments would appeal to buyers who do not want the responsibility of running their own vessel.

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