Phuket’s most expensive luxury condominium has been sold at award-winning luxury lifestyle community Royal Phuket Marina.

Greece plans to sell off several marinas and ports in an attempt to prevent debt default.

Montenegro has recently experienced an upsurge in the popularity it enjoyed in the 1950s and 60s, when it was a haven for film stars such as Sophia Loren, Elizabeth Taylor and Kirk Douglas. High-end hotels and resorts are opening in droves – including Porto Montenegro, a marina and resort development located at the Bay of Kotor, a UNESCO World Heritage site considered one of the world’s most idyllic nautical playgrounds. In addition to the project’s 650 berths for yachts - including the largest superyachts – Porto Montenegro is offering residential units for sale.

If you own a superyacht or spend most of your holidays on a private yacht, you already are aware of some of the best resorts and marinas across the globe. Parking your luxe yachts in these exquisite destinations is definitely not cheap, especially during peak season. And to show just how expensive it can get, we present you with a list of the world’s top 10 most expensive marinas as compiled by Wealth Bulletin with help from Superyachts.com and Floating Life. Prices mentioned are for 70m yachts.

The plan released on December 1st by the China State Council for the development of Hainan as an international tourism destination ("Ideas for the acceleration of the development of the tourism industry") highlights the importance of yachting in the future development of the island. The 2010 Hainan Rendez-Vous to be held next month in Sanya will strengthen the island's reputation as the new Chinese Riviera. "Hainan is determined to grow its marine and yachting industries as a key component of a wider tourism strategy," says Mr.Luo Baoming, governor of Hainan Province, ahead of the first Hainan Rendez-Vous set to take place in April 2nd-4th at the Visun Marina in Sanya.

Thailand’s first world-class luxury marina community Royal Phuket Marina has completed its latest development phase, bucking the property trend with 12 of the 15 luxury properties already sold.

Island Global Yachting (IGY), a luxury marina developer and management company, revealed plans at the Monaco Yacht Show to develop and manage Dubai’s first dedicated megayacht marina. The Palm Jumeirah Mega Yacht Marina will become one of only a handful of such marinas in the world. The project has an estimated completion date of third quarter 2009.

Today's Zaman, a Turkish news outlet, reported that Turkey is joining the race to create infrastructure for the world's burgeoning boating community, laying plans for 10 marinas within the next two years. Ispark, a construction firm owned by the Istanbul city government, will build a series of floating docks - five on the Asian side of the Bosphorus Straits, and five on the European side.