Over at Bintan’s first seaside residential estate, more than 10 units have been sold, mainly to expats living in Singapore, according to the company behind the project.
The Pantai Indah estate is a gated community on a 13-hectare land at Bintan Resort’s Lagoi Bay. The project, with162 resort-style luxury villas, is designed by DP architects and is being built by BU Holdings.
In April, about 40 percent of the 28 soft-launched villas were sold by BU Holdings. The company said buyers of the villas, which go for between $700,000 and $1.8 million, are mostly expatriates based in the country looking for weekend homes. So far, most of the units sold are beachfront properties, which mean they are at the “pricer end” of the scale.
BU Holdings said Pantai Indah’s selling point is that it offers buyers a change from city life with the 45-minute ferry ride from Tanah Merah Ferry Terminal in Singapore.
There will be walking access to the new Lagoi Bay village, as well as upcoming resorts, shops and restaurants from the villas in the north coast of Bintan Island, it added.
Established resorts and hotels, including Banyan Tree, Angsana Hotel and Spa, Nirwana Gardens Hotel, Bintan Lagoon Resorts and Club Med, are within a 10-minute drive. The combined properties have four golf courses and 36 F&B establishments, BU holdings said.