Luxe superyacht for billionaire retirees is bigger than Titanic

LOS ANGELES: This residential gigayacht is looking for billionaires to drop anchor — and upwards of $90 million ($A142 million) — on a high seas home.

The ultra-luxury development, called Ulyssia, is marketed specifically to the 0.1 per cent, with Billionaires’ Row prices and amenities to match.

According to the New York Post, backers of the project, which has floated an estimated cost of $1.5 billion ($A2.3 billion), said there’s a healthy market of billionaires eager to offload the burden of solo super yachting in favour of a more communal life.

The 15-deck seafaring apartment block aims to set sail in 2029.