Buying and selling 06:17.7N, 099:41.86E

Serenity of Swanwick
Phil and Sarah Tadd
Sun 16 Mar 2025 23:08
Having decided to buy Meikyo and sell Serenity we also decided that Langkawi was the place to do it. There are a number of boats for sale here, it is duty free and there are two brokers to choose from. Both brokers advertise on the main internet sites but we were more impressed by SYS as we viewed the available boats.
The yacht is either in a boatyard or on the water and having given it the once over yourself it is time to bring in the surveyor, your new insurance will generally require a recent survey before quoting. Hopefully the surveyor will find points you might have missed yourself and be qualified to comment on safety, structure and condition, it’s an independent view and can provide information for negotiation on price.  After a survey ashore it is normal here to have a second part to the survey, on the water, and a trial sail. This gives a chance for all systems to be tested.
Our survey of Meikyo was carried out on two separate days, the owner having to recommission her as she had been ashore for over a year. The time between surveys allowed him to carry out necessary maintenance work which was identified during the first part survey and replace some parts. If the owners had not done this we would have had to pay for a haul out and spent time in a yard doing the work. The on water survey/trial sail was done with ourselves, the owner and a crew member plus the surveyor and broker on board, a lot of people.
This second stage in the survey was carried out from Royal Langkawi Yacht Club Marina and we berthed Serenity there while it was being done. She also had a first viewing from a Hong Kong Chinese couple, unfortunately he was too tall to be comfortable on board but a viewing so soon after listing her was a hopeful sign. We had to move over to Rebak Marina to enable a second viewing a few days later and an offer was made which we accepted after little negotiation.
Having agreed on the purchase of Meikyo after a bit of reduction in price we then shifted money around into a dollar account and made payment, all of the time we were watching the exchange rate and tried to make use of the pounds strengthening position against the dollar. We went back into The Royal Langkawi to transfer heavy gear onto Meikyo and then moved both to Rebak Island.
We are now owners of two yachts which are sitting side by side in Rebak Marina as we transfer the remainder of our belongings and clean and service Meikyo, making her into our boat. We are waiting on the contract for the sale of Serenity but as she sits here she has attracted interest from other potential purchasers. We will probably be here for about a month as we get rigging replaced and order a new mainsail, the old sail ripped during the trial sail leading to some last minute negotiation over price. We have cleaned Meikyo from end to end once, washed all of the cushion covers and removed some unwanted gear. We will be putting excess gear up for sale to hopefully recoup some of the cost of purchase and preparation.

Some pictures while we are waiting for everything to go through and we can sail again,
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Dolphin off Kuah, the main town in Langkawi and our two yachts moored opposite each other in Royal Langkawi Marina while we transfer heavy gear.
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Rebak resort and marina, a pleasant place to get work done and relax.
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