Eight towers of hotel rooms and apartments are set to rise in Bintan, Indonesia, near Singapore.
The Haven Lagoi Bay Bintan, a $1 billion integrated resort comprising a hotel, condominiums, a convention centre and other facilities, is set to complete its first phase at the start of 2021, TTG Asia reports.
The first phase consists of two towers and a club house, while a 250-room five-star hotel, 3,000-pax convention centre and six towers of apartment suites in the subsequent phases are to be completed by 2026.
An MoU for the project was signed in Jakarta on Monday between the Malaysian-owned Haven Bintan and its contractors – Indonesia’s Total Bangun Persada and the Chinese giant Yunnan Construction Investment Holding Company.
Speaking at the ceremony, Peter Chan, CEO of the Haven Group, said the 26-hectare project is set to be the only “skyrise development” on Bintan conceived and designed to be an integrated resort built with the family in mind.
“This is an ideal place for a vacation, a second home or a retirement home. Here we have the facilities for living, spending holidays or a place to retire without getting bored,” he said.
“Unlike in many retirement homes, children and grandchildren will want to come visit because there are facilities for them to enjoy,” Chan continued, adding that he is targeting Indonesia, Singapore, Malaysia, Japan, South Korea and the Middle East for the vacation home market. He also highlighted the fact that the future resort has three waterfronts – sea, river and lake.
The project ties in with Indonesia’s efforts to increase cross-border tourism.
Bintan has seen arrivals rise from 5% to 10% a year over the last decade – but by 30% in the past 12 months, according to Hasfarizal Handra of Bintan Regency, the islands’ administrative area. The number is expected to grow much further when the new Bintan Resorts International Airport becomes operational by 2020.