The signing ceremony for award of contract to construct The Haven Lagoi Bay Bintan resort was held on Monday, May 7 at Marriott Tang Plaza Hotel, Singapore.
The Haven Group awarded a SGD 288 million contract to China’s Yunnan Construction Investment Holding Group Co. Ltd. (YCIH) and Indonesia’s PT Total Bangun Persada Tbk (TOTAL).
YCIH and TOTAL will be appointed as the joint-operations main contractors of The Haven Bintan, and they will build six towers of condominium suites, a 250-room five-star hotel and a 3000-seat convention centre on The Haven Group’s prime land at Lagoi Bay in four phases.
“Given The Haven Group’s success with The Haven Ipoh, we have proven that we possess a rare combination of being both a high-quality developer and a successful hotel operator. The Haven Group’s uncompromising insistence on luxury and quality will set The Haven Lagoi Bay Bintan apart from all other developments in the Riau Archipelago,” said The Haven Group’s CEO, Peter Chan.
The first phase, consisting of two towers and a majestic clubhouse complete with facilities, will be ready by the first quarter of 2021. The hotel, convention centre and remaining condominium towers in the other phases – the timing of which will depend on need and market conditions – are expected to be completed by 2026. The gross development value of the entire development of eight phases is expected to exceed SGD 1.4 billion.
Located at Bintan’s most exotic and exclusive enclave, The Haven Lagoi Bay Bintan is slated to be one of the most unique resorts in the region. It will be the only skyrise development on the island that is conceived and designed to be an integrated resort built with the family in mind, with all-inclusive condominium suite-residences offering world-class facilities.
Many market specialists have acknowledged that the development site is rare and precious, as it is surrounded by a combination of three pristine waterfronts of sea, river and lake.
Starting with humble beginnings in Ipoh, Malaysia, The Haven Group has garnered 48 awards local and international awards. Indeed, the world has taken notice of both Ipoh and Haven and the latter has been invited to develop another of its iconic masterpiece in Bintan. This venture will be promoted internationally and will make Ipoh proud. It deserves our support, especially from Ipohites.
The signing ceremony was witnessed by Bintan Regency’s Head of Investment, One-Stop Licensing Service and Manpower, Hasfarizal Handra and Abdul Wahab, group general manager of PT Bintan Resort Cakrawala which belongs to Gallant Venture, an integrated master planner for resorts in Bintan.
Hasfarizal stated, “The Haven Group’s considerable investment and absolute commitment in Bintan is well-placed and most appreciated by us. The Indonesian government is appreciative and supportive of private-sector initiatives, like The Haven Group’s, to accelerate the economic development of the Riau islands and in promoting Indonesia-Singapore tourism.”
For more details, visit http://www.thehavenlagoibay.com