The Haven Lagoi Bay Bintan – a S$1.4 billion (US$1 billion) integrated resort comprising a hotel, condominiums, a convention centre and other facilities – is slated to roll out its first phase by 1Q2021.
The first phase comprises two towers and a club house, while a 250-room five-star hotel, a 3,000-pax convention centre and six towers of condominium suites in the subsequent phases are set to be completed by 2026.
An MoU was signed in Jakarta yesterday between The Haven Bintan and its contractors, Indonesia’s Total Bangun Persada and China’s Yunnan Construction Investment Holding Company.
Speaking at the ceremony, Peter Chan, CEO of the Haven Group, said the 26ha 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 added.
“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 further highlighted The Haven Lagoi Bay’s “rareness” and “desirability” of having three waterfronts – sea, river and lake – surround the resort.
Arrivals to Bintan on average increased by five to 10 per cent in the last 10 years but numbers to Bintan has climbed 30 per cent in the past 12 months, according to Bintan Regency’s Hasfarizal Handra.
The number is expected to grow exponentially when the new Bintan Resorts International Airport becomes operational by 2020, he added.
The Haven Hotels and Resorts is the holding company of The Haven Bintan and a member of The Haven Group of Companies of Superboom Projects, a Malaysian property and resort operator and owner of The Haven brand. The Haven Lagoi Bay Bintan is the group’s first property in Indonesia.