Bintan island is a small but strategically placed island that is owned by Indonesia. Located just a short 45km south-east of Singapore and the Malaysian state of Johor, Bintan is a highly sought after destination for holidaymakers as well as being one of key investment destinations for Malaysian investors.
The government designated the entire northern coast of the island for tourism, which includes 17,500ha parcel of land, an area 35 times the size of Sentosa Island in Singapore.
Currently, there are two key areas that are being developed in Bintan. These are Lagoi Bay and Treasure Bay Bintan; both of which hosts heavy Malaysian investment. Treasure Bay Bintan is a 338ha integrated resort city, a project by Malaysian hospitality investment and destination development company Landmarks Bhd, an associate company of Genting Bhd.
The project has a gross development value (GDV) of over RM2 billion, and started more than two years ago. The concept of the development is wellness, culture and leisure (preventive healthcare themes) with its master plan integrating tourism, wellness, culture, leisure, residential and commercial real estates.
In 2017, a statement by Landmarks chief operating officer, Fong Chee Khuen, said that the group planned to have eight or nine hotels surrounding its iconic 800m long crystal water lagoon, which has an area covering around 6.07ha. Said lagoon has since opened.
Superboom Projects Sdn Bhd, another Malaysia-based developer, is working on “The Haven Bintan” in Lagoi Bay. Company CEO Peter Chan has stated that the project has garnered significant interest from foreign investors. According to Chan, there are several investors currently exploring opportunities with Superboom Projects to build within The Haven Bintan.
“There are investors talking to us. They include institutes of higher learning and wellness operators. There are also several hotel operators talking to us to operate the six-star hotel that we plan to develop in Phase One. We hope to sign a deal in 2020,” Chan told NST Property.
The Haven Bintan sits on a 25.8ha site and has an estimated GDV of over RM4 billion. The final plans for the development will include a 250-room six-star hotel, a convention centre, condominiums, restaurants, retail, a commercial centre, as well as medical facilities.
Visitors from Malaysia currently fly to Batam and take a 20 minute ferry ride from there to Bintan Island. The island is set to surpass its 2018 visitor numbers of over one million with key new developments and sporting events.
With developers also in talks about opening an international airport on Bintan, investment opportunities as well as tourism is expected to keep rising.