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Free boat a lure for luxury villa buyers

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THE lure of a free five-metre boat has helped the pre-sale of 45 luxury riverside villas in a proposed $10 billion urban city development at Marina Cove, Hangzhou, China.

The developers of the Hangzhou Qiantang River City Development offered the boats to the first 50 buyers of the villas last week.

Prices for the villas start at $1.5 million and rise to more than $2.5 million.

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The 65 riverside resort villas, which come complete with their own individual private yacht berth, are the first stage of a massive new urban centre for Hangzhou.

The capital of Zhejiang province, which has a population of more than 1.3 million, has undergone rapid industrial development in recent years, which has led to an increased demand for high quality real estate projects.

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The Hangzhou Qiantang River City project, which will take between seven and 10 years to complete, will be marketed and sold through property consultants C. Y. Leung and Co.

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