etoile Posted June 29, 2008 #1 Share Posted June 29, 2008 Does anyone know what the pricing is for the apartments? I am looking into it for my in-laws. I seem to remember $1.2 million being quoted somewhere, but I think there are also annual fees, correct? Does anyone know about this? Link to comment Share on other sites More sharing options...
elfintech Posted July 1, 2008 #2 Share Posted July 1, 2008 From an email I received earlier this year: "They range in size from 337 - 3086 square feet and are priced from $825,000 - $7.6 million. ... "Annual maintenance charges are about $167.00 per square foot. The commercial maintenance, which is paid quarterly covers the entire cost of running a 43,000 ton ship ie: fuel, port charges, wages of the crew, stevedoring, daily housekeeping, insurance policies on the ship and includes an accrual for dry dock where the ship is refurbished. On top of the commercial maintenance is an annual Food & Beverage charge which is $33,180. This can be spent in the restaurants, room service, take out from the restaurants, in the deli, for private parties etc. So if we look at the current apartments for sale at say an 'A' apartment (1106 square feet), the total annual charge is $220,596. "'The World' was launched in 2002 and is the only privately owned self-contained luxury resort at sea. The ship has 165 residences, each combining the comfort of a private home, along with mobility, services and facilities of a luxury ship. 'The World' travels continuously around the globe, calling for extended stays in the world's most exotic locales. I want to stress that this is neither a time share nor a traditional cruise ship. Homes can be used 12 months a year, left vacant while you are away or rented out. Please note that the Board of Directors requires that our buyers have a minimum net worth of US$5 million. We do not allow pets." Does anyone know what the pricing is for the apartments? I am looking into it for my in-laws. I seem to remember $1.2 million being quoted somewhere, but I think there are also annual fees, correct? Does anyone know about this? Link to comment Share on other sites More sharing options...
etoile Posted July 1, 2008 Author #3 Share Posted July 1, 2008 Hi there Thom! Nice to see you. ;) Thanks for that information! I'm not sure that my in-laws will make that $5M cut, unfortunately. Perhaps we can send them on multiple world cruises with HAL and Cunard instead, they'd like that...and it would probably be cheaper! Link to comment Share on other sites More sharing options...
stompy Posted September 25, 2008 #4 Share Posted September 25, 2008 ...not sure that my [they] will make that $5M cut, unfortunately. darn-i'm just $4,999,998.50 short Link to comment Share on other sites More sharing options...
bahrain_not_dubai! Posted November 18, 2008 #5 Share Posted November 18, 2008 Im trying to convince my dad to buy an apartment on the World. Net worth shouldnt be a problem at $42,000,000 i guess he is luckier than most. But he is currently stuffed out of cash to burn with some recent investments. He was homeless:eek: for over 5 yeears- thats why he still isnt used to spending money and lives like he is on the streets. This year I finally manged to convince him to buy an acceptable car (Mercedes Benz CL 63 AMG), and although I think im gonna fail with getting an aparment on the world i wanna try to convince him to get on one of the luxury lines. I know he will be hooked once he gives it a try... Link to comment Share on other sites More sharing options...
etoile Posted November 18, 2008 Author #6 Share Posted November 18, 2008 Homeless for 5 years and now he has $42M? What, pray tell, was his get-rich-quick scheme, and how can I get in on it?? Link to comment Share on other sites More sharing options...
m4hami Posted November 19, 2008 #7 Share Posted November 19, 2008 Does anyone know what the pricing is for the apartments? I am looking into it for my in-laws. I seem to remember $1.2 million being quoted somewhere, but I think there are also annual fees, correct? Does anyone know about this? I have heard that some cruise lines sell cabins to retired seniors on a full time basis ( kind of like a independant living retirement facility) to include medical care. You might check it out? Link to comment Share on other sites More sharing options...
etoile Posted November 19, 2008 Author #8 Share Posted November 19, 2008 I have heard that some cruise lines sell cabins to retired seniors on a full time basis ( kind of like a independant living retirement facility) to include medical care. You might check it out? I've heard about that too, I think there was a woman who lived full time on Cunard, and another on HAL. It's not quite the same arrangement as The World though, you have a cruise cabin, rather than an apartment. Link to comment Share on other sites More sharing options...
bahrain_not_dubai! Posted November 21, 2008 #9 Share Posted November 21, 2008 Homeless for 5 years and now he has $42M? What, pray tell, was his get-rich-quick scheme, and how can I get in on it?? Buying real estate in the middle east when land was 10 cent a sqaure foot and the place was basicly a wasteland is the way forward. 30 years later that 10 cent is 1000$ per sqaure foot! And i wont say its 'get rich fast' as 30 years is not fast. Howevevr I think the way now is to buy land in cheap places where no one is expecting any boom and sit back and watch the price go up. Khazakstan Azeribijan and most of the ex SSR's will be places to watch. Link to comment Share on other sites More sharing options...
nancygp Posted November 23, 2008 #10 Share Posted November 23, 2008 Bahrain, for a 14 year old you sure are very wise! Link to comment Share on other sites More sharing options...
jp2001 Posted November 26, 2008 #11 Share Posted November 26, 2008 If I had 42 million $, I would definitely have an appartment on The World. I even made plans and if I had "only" 8 million $, I would have a studio on this unique ship. It cost me only 2$ for a lottery ticket, once in a while, to dream and... you never know. I also applied for the Receptionnist Position but they don't seem interested even if I have worked as a bilingual secretary for over 10 years, have a military background meaning that I'm used to work hard, to live in tight quarters and to work in a hierarchical environment. Unfortunately, I never got a reply other than the automatic reply from the website. But I continue to try and I'm taking Spanish class (I'm already fluent in French and English), hoping one day my curriculum vitae will be good enough for Residensea to call me. I would work very hard to get the possibility to visit a new place, even for just a few hours every week. Link to comment Share on other sites More sharing options...
etoile Posted November 26, 2008 Author #12 Share Posted November 26, 2008 I've done secretarial work before but unfortunately I don't have the organizational skills to do it well. I am fluent in English and American Sign Language, and can do rather well in French, but I agree with you that Spanish would be very desirable on board The World. I wish you luck jp2001! Link to comment Share on other sites More sharing options...
jp2001 Posted November 27, 2008 #13 Share Posted November 27, 2008 Thank you Etoile for your good wishes. Link to comment Share on other sites More sharing options...
seabreezer Posted March 7, 2009 #14 Share Posted March 7, 2009 I don't see how a net worth of only $5 million would be enough to live on this ship with over $200,000 expenses per year. You still need to eat and maintain that net worth and these days that would be a challenge. Link to comment Share on other sites More sharing options...
ruffs Posted July 17, 2009 #15 Share Posted July 17, 2009 If everyone pitched in and gave me the $5 million I would document how it could be done and everyone would know. I just want to help. Link to comment Share on other sites More sharing options...
Fisherlady48 Posted July 17, 2009 #16 Share Posted July 17, 2009 If everyone pitched in and gave me the $5 million I would document how it could be done and everyone would know. I just want to help. chuckle chuckle Link to comment Share on other sites More sharing options...
CannonFodder Posted January 23, 2010 #17 Share Posted January 23, 2010 For anyone interested in seeing what units on The World are going for (or at least the asking prices): http://www.christiesgreatestates.com/properties/index.htm?skip=0&max=20&action=Search&gval[new_development_id]=27 Link to comment Share on other sites More sharing options...
seabreezer Posted January 24, 2010 #18 Share Posted January 24, 2010 Wow, 26 units for sale. At least with that realtor. Isn't that about 20 - 25% of the total units? I doubt the owners are spending much time in them if they need to sell them. That could affect staffing and amenities onboard, I would think. Link to comment Share on other sites More sharing options...
CannonFodder Posted January 25, 2010 #19 Share Posted January 25, 2010 Wow, 26 units for sale. At least with that realtor. Isn't that about 20 - 25% of the total units? I doubt the owners are spending much time in them if they need to sell them. That could affect staffing and amenities onboard, I would think. I wouldn't expect it to affect staffing and amenities too much. Don't forget, the maintenance fees must be paid whether anyone is using the unit or not (unlike a cruise ship). Also, those maintenance fees also include over $30,000 in Food & Beverage credit (noted in elfintech's post above) which I'm sure is "use it or lose it," so that's guaranteed revenue. In fact, lower occupancy would probably result in lower port charges, reducing costs somewhat. Besides, if need be, they can always raise the maintenance fees. If you can afford to buy a unit in the first place, what's another $10-20k per year? :eek: From what I've heard, The World normally sails at roughly 25% of capacity (probably higher in Europe this summer, lower when transiting between the UAE (Dubai) and Egypt/Suez Canal due to piracy concerns). I wouldn't be surprised if the transactions that occur are completed at a significant discount to the asking price. Of course, in the long run, those maintenance fees are going to be more than the purchase price in a lot of cases, and unfortunately, those aren't negotiable! Link to comment Share on other sites More sharing options...
Rare orville99 Posted June 30, 2010 #20 Share Posted June 30, 2010 Hi there Thom! Nice to see you. ;) Thanks for that information! I'm not sure that my in-laws will make that $5M cut, unfortunately. Perhaps we can send them on multiple world cruises with HAL and Cunard instead, they'd like that...and it would probably be cheaper! A B2Bx52 on HAL in a balcony would go around $125k/pp, so I guess it could be done... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.