The Haven Bintan At Lagoi Bay To Offer Lease Return Of Six Pct Per Annum

By Massita Ahmad SINGAPORE, Aug 20 (Bernama) – Given its exciting future prospects, The Haven Bintan at Lagoi Bay, Bintan, is able to offer a lease return of six per cent per annum which should prove very attractive to purchasers. The Haven Group Chief Executive Officer Peter Chan told Bernama recently that Bintan is well accessible to the world, and will be even more connected in two years, with the completion of a new international airport. He said the purpose-built Bintan Resorts International Airport will serve a million more visitors to the Indonesian island – just a ferry ride away from Singapore or Johor Bahru - annually. Also expected to be completed is a six kilometre-long bridge between Batam and Bintan. It will facilitate commuting time between Telaga Punggur (Batam) and Tanjung Uban (Bintan) to about 10 minutes. The Haven Group recently appointed China’s Yunnan Construction Investment Holding Group Co, Ltd (YCIH) and Indonesia’s PT Total Bangun Persada Tbk (TOTAL) as the main contractors for the S$1.4 billion (RM4.1 billion) resort project. The contract, valued at S$288 million (RM852 million), is to build six condotel suite towers, a 250-room five-star hotel and 3,000-seat convention centre. The resort will be built in four to six phases on prime land under its unit, PT The Haven at Lagoi Bay. The first phase, comprising two towers and a club house with facilities, will be ready in 2021, while the remaining phases are projected to be completed by 2026. Additionally, there will be a shopping mall and commercial enclave within the development. According to Chan, Bintan is a growing destination and is expected to grow exponentially. With the completion of the airport, he said tourist arrivals are expected to increase by 30 per cent annually and to reach 3.5 million annually in the next four years. “Tourist arrivals are expected to continue to be very bullish in the following years. “After all, Bintan is already a popular destination for sports and leisure activities such as The Bintan Triathlon, The Bintan Marathon, The Bintan Ironman Race, The Bintan Moon Run, Tour de Bintan and such,” he added. Located at Bintan’s most exclusive enclave, The Haven Bintan at Lagoi Bay, is expected to become one of the region’s most unique resorts. It will also be the only high-rise development on the island, conceived and designed as an integrated resort built with the family in mind, with an all-inclusive condominium cum hotel suite-residences that offer world-class facilities, including a private water theme park. Many market specialists have acknowledged that the resort site is a rarity as it enjoys a remarkable waterfront combination of sea, river and lake. For this site to be so close to Singapore, a major metropolis is a tremendous advantage to its residents. On potential buyers, Chan said they could be from all around the world as Indonesian law allows direct ownership of property by foreigners, and the issuance of strata titles to them since 2016. In addition, Bintan is a visa-free destination for visitors from 169 countries and includes China, Japan, South Korea, Taiwan, India, ASEAN and countries from the Middle East. Potential buyers wanting more information on The Haven Bintan at Lagoi Bay can log on to www.thehavenlagoibay.com. The Haven Group had humble beginnings in Ipoh, Malaysia, with The Haven Lakeside Residences, the most recognised property development under The Haven brand. Thus far, The Haven Group has garnered 48 awards both locally and internationally, including The Tourism Minister’s Award in 2018. It is an award handed out biennially. -- BERNAMA