(SINGAPORE) 7 May 2018 – The Haven Hotels and Resorts Pte. Ltd. (‘The Haven Group’), is pleased to announce the awarding of a SGD 288 million (IDR 2.88 trillion) contract to China’s Yunnan Construction Investment Holding Group Co., Ltd. (‘YCIH’) and Indonesia’s PT Total Bangun Persada Tbk (‘TOTAL’) at a signing ceremony.
The Haven Hotels and Resorts Pte. Ltd. is the holding company of PT The Haven Bintan and a member of The Haven Group of Companies of Superboom Projects Sdn Bhd, Malaysia, a multi-international award winner in property and resort operations and owner of The Haven brand.
YCIH and TOTAL will be appointed as the Joint Operations Main Contractors of The Haven Lagoi Bay Bintan* resort, and they will build six towers of condominium suites, a 250-room five-star hotel and a 3,000-seat convention centre on The Haven Group’s prime land at Lagoi Bay in four phases.
The first phase, consisting of two towers and a majestic club house 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.
The signing ceremony is witnessed by Bintan Regency’s Head of Investment, One-Stop Licensing Service and Manpower, Bapak Hasfarizal Handra, S.sos.; and Mr. Eugene Cho Park, Executive Director and CEO of SGX-listed Gallant Venture, which is an integrated master planner for resorts in Bintan.
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 rare combination of three pristine waterfronts of sea, river and lake.
A short ferry ride from Singapore, Bintan is already a popular destination with Singaporeans as it is a paradise endowed with long stretches of white sandy beaches, enclosed by forests, mangroves and rivers in their natural state. The proximity advantage of its location is further enhanced by two vitally important features of security and connectivity, which makes Bintan a popular recreational destination.
*For artist’s impressions of The Haven Lagoi Bay Bintan development, please see Appendix.
The Haven Group’s CEO Mr. Peter Chan said: “I have resided in numerous cities around the world, and Lagoi Bay is the very first site I’ve encountered with a distinct combination of being absolutely pristine and yet remarkably close to a major metropolis. As such, I am immensely confident of our development’s popularity. This is the reason for the rapid pace of our resort construction.
The rareness and preciousness of The Haven Lagoi Bay Bintan’s site has not yet been truly recognised; that the site is fronting three pristine water bodies of sea, river and lake is of immense value and desirability. We shall start our marketing at a most reasonable price, and the true value of our Lagoi Bay development will be clear to all very soon.
Also, the completed high-quality infrastructure of Singapore standards to and at the development site and its continued progress ensure the success of this development. If Singapore developers had not overlooked these, The Haven Group would not have had this chance to develop this resort project.
So, to ensure that we give justice to this tremendous location, we have to ensure all other factors are of top quality, design and management. We have gladly engaged leading consultants like DP Architects and others of high repute for the project.
Given The Haven Group’s success with The Haven Ipoh, Perak**, 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.
As a family-focused resort, facilities at The Haven Lagoi Bay Bintan will cater for all ages, including universal access amenities for the elderly.”
Commenting on the announcement, Director of YCIH, Mr. Meng Chunliu, said: “The Haven Lagoi Bay Bintan is YCIH’s maiden project in Indonesia. We are very honoured that The Haven Group has awarded their iconic Bintan project to us and TOTAL. Our respect to The Haven Group’s foresight and commitment is very high and that is the reason we have committed to the completion of a high-quality development in both material and workmanship. Going forward, once we have completed this development, we will work closely together with The Haven Group and TOTAL to pursue more joint opportunities.”
TOTAL’s CEO Ms. Janti Komadjaja said: “TOTAL has completed several projects here in Bintan and we have noticed huge strides in resort development in Bintan in the past few years. We are confident that The Haven Lagoi Bay Bintan development is the product that the marketplace will welcome, appreciate and desire. We will certainly do our best to make The Haven Group’s dream come true and that is to build it to be the most desirable resort development in all Indonesia. It is TOTAL’s great honour to be given this opportunity to build The Haven Lagoi Bay Bintan together with YCIH.”
At the signing ceremony, Bintan Regency’s Bapak Hasfarizal Handra, S.sos,.shared: “I’m happy to grace the occasion. The Haven Group’s considerable investment and absolute commitment in Bintan is well-placed and most appreciated by us. Needless to say, the local government will support this project to the utmost. We have seen strong tourist numbers to Bintan – in 2016, there were 670,000 visitors and this number has grown more than 30% in the past 12 months. The numbers are expected to grow exponentially when the new Bintan Resorts International Airport, currently under construction, becomes operational by 2020. By 2023, we are likely to serve more than 3.5 million visitors to Bintan annually.
**For further reference, please see The Haven Ipoh, Perak (http://www.thehavenresorts.com) and The Haven Lagoi Bay Bintan (http://www.thehavenlagoibay.com)
With The Haven Group’s successful track record in property development and hotel management in Ipoh, Peter has, once again, demonstrated foresight with The Haven Lagoi Bay Bintan project. 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.”
Joining in, Gallant Venture’s Mr. Eugene Cho Park said: “I would like to congratulate Peter and The Haven Group on their important milestone today. They have accomplished much for Ipoh and we look forward to a repeat of their success in Bintan.
The Haven Lagoi Bay Bintan development bodes well for Bintan’s tourism development. As an integrated master planner for resorts in Bintan, Gallant Venture has invested heavily in the infrastructure building of the island. The Haven Group’s investment is a strong endorsement of our efforts to attract international investors and tourists to Bintan.
We are confident of and we wish every success to The Haven Group.”
About The Haven Hotels and Resorts Pte. Ltd.
The Haven Hotels and Resorts Pte. Ltd. is the holding company of PT The Haven, Bintan and a member of The Haven Group of Companies of Superboom Projects Sdn Bhd, Malaysia, a multi-international award winner in property and resort operations and owner of The Haven brand.
The Haven Lagoi Bay Bintan is developed by PT The Haven Bintan as a prestigious, all-inclusive five-star integrated resort at Bintan’s most exotic and exclusive enclave. It is the latest to join the Group’s stellar list of award-winning developments and is a unique investment opportunity of luxury suites in a purpose-built resort – the kind that Singaporeans, Indonesians and even the rest of Asia never had or experienced.
Since its inception in 2002, The Superboom Group of Companies has established itself as a developer that creates exceptional value in its products. Every project in its portfolio has appreciated two or three-fold in value over a period of three to five years after completion.
These developments include:
- Permai Lake View Apartments, Ipoh – 576 units in nine blocks
- Taman Subang Galaksi, Subang 2 – 175 units of double-storey terraced houses
- The multi award-winning resort hotel and residences, The Haven Resort Hotel Ipoh, All Suites – with a total of 512 units of luxurious condominium resort suites
Starting with humble beginnings in Ipoh, Malaysia, The Haven Group has garnered 48 awards both local and international, including The Tourism Minister’s Award (granted once every two years 2017 – 2018), Man of The Year Award (2018) and Property Man of The Year Award 2016 (both conferred on the CEO), Brand of The Year Award 2018 (conferred on The Haven Group), Best High Rise 2015 (conferred by FIABCI Malaysia), Global Winner of Family All-Inclusive Award (conferred in 2015), Global Winner of Wedding Destination Award (conferred in 2016), Asia’s Best Resort Residences, Best Family Hotel Resort, Best Resort and Hotel Project, and Best Green Development.
The Haven Group is well known and is highly commended for concept creation, attention to detail, the premium quality of its materials and buildings, excellent property management and commitment to post-sales stewardship of every project, and the giving of value to its purchasers.
About Yunnan Construction and Investment Holding Group Co., Ltd.
Yunnan Construction and Investment Holding Group Co., Ltd. (‘YCIH’) is the largest contractor and investor in Yunnan, China, with a registered capital of RMB 26 billion (SGD 5 billion) and total assets of RMB 233 billion (SGD 46 billion). It has more than 80 subsidiaries in the group and employs more than 30,000 staff. YCIH’s project portfolio spans South East Asia, Middle East and Africa.
To date, YCIH has won 32 Luban Prizes for Construction Projects, 58 National Awards, more than 450 Provincial and Ministerial awards for Quality Engineering, and more than 590 scientific and technological awards and achievements at National and Provincial level. YCIH has been ranked as one of the Top 500 Chinese Enterprises for 26 years and ranked 183th in 2017, listed in the top 250 by ENR (American Engineering News Recorder Magazine) 7 times; ranked 14th among the top 80 Chinese contractors, and 83rd among the top 100 Chinese transnational corporations.
YCIH has successively completed the construction of more than 30 international engineering projects in Laos, Myanmar, Equatorial Guinea, Saudi Arabia, and Cambodia.
About PT Total Bangun Persada Tbk
Established on 4 September 1970, PT Total Bangun Persada Tbk (‘TOTAL’) assumed the current name when it was restructured in 1981. It was listed as a public company in 2006 on the Jakarta Stock Exchange (now Indonesia Stock Exchange) with the ticker symbol of TOTL.
For over four decades, TOTAL has established itself as a quality building contractor adhering to high international standards and placing emphasis on high-rise sophisticated buildings in Indonesia. TOTAL is continuously transforming and innovating in order to deliver world-class buildings and services to its discerning clients. TOTAL is known for its ethics, quality, work process standards, time delivery and waste management.