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Power boats can be top investments

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FOR people searching for the elusive item that can be enjoyed and still make them money, one investment option could well be luxury motor boats.

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Not the run-of-the-mill pleasure boats, mind you, whose prices range from $250,000 to $2 million.

According to international yacht broker Barbara Karran, the super-luxury class of boat is currently going for knock-down prices - prices which could improve substantially once the recession-hit West recovers.

Based in Sai Kung, Ms Karran runs Barbara Karran & Co, one of only a handful of yacht and pleasure boat brokers in Hong Kong. Most of her boats - her ''bread and butter'' - are in the category of $1 million.

But also on her books are thoroughbreds of the sea, boats which range in size up to 120 feet and which can fetch anything up to US$10 million (HK$77 million).

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Features of a typical specimen, of course, include all mod cons: full air-conditioning, water-makers, state of the art navigation, on-board fax, helicopter pad and swimming pool.

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