Bintan and Batam are no longer just laid back resort destinations. Both islands now offer discerning investors high-end residences with unblocked views of the South China Sea.
The islands of Bintan and Batam are often regarded as a quick weekend getaway for Singaporeans who are lured by the breathtaking views of the South China Sea and their slower pace of life.
Depending on your mode of unwinding, both islands offer something for everyone – from relaxing spa retreats, adventure sports and even racy nightlife.
However, Bintan and Batam are more than just leisure and tourism destinations.
Both islands, have over the past two decades, undergone massive transformations to enjoy the spillover effects from Singapore’s robust economy.
First announced as the ‘Sijori Growth Triangle’ in 1989 by then Singapore Deputy Prime Minister Goh Chok Tong, the economic blueprint was envisoned to leverage on each other’s strength.
Though lacking in natural resources, Singapore has emerged as symbol of economic miracle with a brand that is synonymous with good management, efficiency, technology and superior infrastructure.
On the other end of the spectrum, Batam, Bintan and Johor are blessed with abundant natural resources, human capital and plenty of land but not as well developed as Singapore.
Emerging luxury real estate destinations
Fast forward 23 years later, the ‘Sijori Growth Triangle’ economic blueprint is fast taking shape with rapid development happening, particularly in Johor and Bintan.
Located just above Singapore, Johor is now a force to reckon with the rise of Iskandar Malaysia.
To further cement economic and bilateral ties, a milestone was reached in 2010 with announcement of the iconic wellness project to be developed between both Singapore’s Temasek Holdings and Malaysia’s Khazanah Nasional.
Not to be outdone, Bintan now has a dedicated economic zone in the northern sector called Bintan Resorts, complete with its own Singapore trained and certified fire personnel.
In November 2011, Bintan Resorts scored a major coup with the groundbreaking ceremony of the uber luxurious Alila Villas Bintan project – the first resort development to break ground in Lagoi Bay.
Over in another sector called Treasure Bay, master developer, Landmarks Berhad is currently building an integrated tourism destination which is set to deliver 2,000 room keys by 2015.
“Phase one comprises of three precincts, where the Southern Precinct will be built first. This is due to its close proximity to the existing ferry terminal and is set to attract all visitors to Bintan due to our strategic location,” said Paul Leong, chief operating offficer of Treasure Bay.
There will also be high-end resorts and residences at its Northern Precinct facing Asia’s largest clear water lagoon, “The Crystal Lagoon”
“We will be launching serviced residences and villas by 2013. The residences are being planned for sale, and will be managed by established operators,” said Megat Al Bakry Bin Megat Ismail, a spokesperson at Landmarks Berhad.
To improve connectivity to Bintan, Bintan Resorts International Airport will open by 2015 which is expected to surpass the 470, 470 arrival figures achieved in 2011.
Meanwhile, Batam is fast catching up with luxury boutique developer, KOP Properties, now making its presence felt there with its award-winning resort residences in Nongsa called Montigo Resorts.
“Montigo Resorts Residences are designed with every modern and luxury amenity,” explained Leny Suparman, CEO of KOP Properties. “We want our residents to feel that home is located in a resort environment in Indonesia with spectacular, unsurpassed views.”
Projects to watch out for
Alila Villas, Bintan
Developed by Bukit Uluwatu Villa, Alila Villas Bintan is located in one of the best locations in Lagoi Bay. It sits on a hill and enjoys stunning views of the South China Sea. Famed for its uber luxurious Alila Villas Soori and Alila Villas Uluwatu in Bali, Alila Villas Bintan will feature 52 units of one and two-bedroom guest villas. In addition, there will be 12 sprawling three-bedroom beachfront residences. Resort facilities will include a four-hectare hub for arts, culture, culinary and wellness activities. Investors can also indulge in its holistic and ayurvedic pamperings at Spa Alila. Stress busters for urban dwellers include yoga and meditation among others. Alila Villas Bintan is scheduled to be launched by 2014. Two-bedroom villas range from US$1.5 million to US$1.78 million while three-bedroom villas start from US$3.6 million. PT. Bukit Uluwatu Villa also offers ownership options which include revenue sharing where investors are guaranted yield for the first three years of operation. In addition, the investors are allowed to sell units back to the developer at the original purchase price.
Montigo Resorts, Nongsa, Batam
Developed by KOP Properties,Montigo Resorts is an award-winning development comprising 88 villas and 45 residences. Nestled in the exclusive Nongsa district, Montigo Resorts is served with its own private marinas, one kilometer stretch of private beach, shopping mall and six golf courses. Villa sizes are generous ranging from 1,680 sq ft in land area with a built up area of 2,300 sq ft. Meanwhile, residences enjoy sprawling land areas of 6,647 sq ft to 19,961 sq ft and a built up area of 6,569 sq ft to 10,098 sq ft. All units offer stunning sea views and are spaciously laid-out across three levels, with expansive areas for rest and play. All units come fully furnished and are in move-in condition. Facilities include dedicate concierge, bellhop service, 24-hour reception and a clubhouse with a fully equipped fitness centre, swimming pools and convenience stores. Prices for villas start from S$478,000 onwards while residences are from S$1.46 million onwards.
This article was first published in The PropertyGuru.