Wednesday, November 12, 2008

Investing in Bintan

Investing in Bintan

By Jhon Higginson http://www.property-report.com/em_top_stories.php?id=525&date=180507

Bintan island is best known as Singapore’s most convenient resort destination, but the Indonesian island is now set to incorporate luxury residences following the launch of the Banyan Tree Residences in Bintan and the release of the masterplan for the Lagoi Bay mixed-use development.

Bintan is less than an hour’s ferry ride from Singapore and just 35 minutes from neighbouring Batam island.

The Banyan Tree Residences in Bintan (pictured) are one of several launched by Singapore-listed Banyan Tree Holdings Ltd, which also announced properties in its resorts in Phuket and Bangkok in Thailand, Lijiang in China and the Seychelles.

Banyan Tree Residences is targeting the type of top-tier travellers and investors that frequent the Group’s range of 21 hotels and resorts in city, beach and mountain resort locations, as well as its 58 spas and two golf courses, including the Greg Norman-designed 18-hole layout in Bintan.

“Everyone’s moving to branding to differentiate their residences, but Banyan Tree is a pioneer in the fact that we only sell residences once our resorts are operational, so potential buyers can see and know exactly what they’re getting. We don’t sell real estate to finance the building of the development,” Paul Chong, Assistant Vice President, Business Development, Banyan Tree Hotels and Resorts, told Property Report.

“Branded properties usually charge a 25-30% premium, but investors should make sure they know what they’re paying for, and in this sense Banyan Tree has established its reputation for delivery quality and luxury. Banyan Tree is vertically integrated, so all our architects, interior designers and marketing work side by side.” Banyan Tree Residences have been conceptualised and designed by Architrave Design and Planning, Banyan Tree’s in-house architectural arm.

The Banyan Tree Residences concept is to allow investors to buy their own villa, townhouse or apartment that becomes part of the inventory of these exclusive resorts. Owners receive an annual guaranteed return of 6% per annum for six years, with options to renew or share in revenues generated by the property.

“Banyan Tree Residences enable investors to diversify their portfolios while receiving guaranteed returns, without worrying about managing the property when they’re not there,” explained Richard Skene, Assistant Vice President, Banyan Tree Residences. “Of course all of our owners enjoy the lifestyle benefits which have become synonymous with the Banyan Tree Hotels and Resorts brand.”

Owners are entitled to 60 days’ complimentary use of their residence every year, membership at the exclusive Banyan Tree Residence Club and access to the Banyan Tree Private Collection, Asia’s first Destination Club. Banyan Tree properties include maintenance, cleaning, landscaping and security, while owners enjoy access to hotel amenities and services.

Open exhibitions of Banyan Tree Residences will be held in London on June 1-2, then in Hong Kong on the weekend of June 16-17 at The Landmark Mandarin Oriental Hotel.


Lagoi Bay targets investors
Bintan is also the subject of fresh interest from investors and resort operators following the release of the masterplan for Lagoi Bay. An integrated resort development, Lagoi Bay will feature further resorts but also residences, shopping outlets, restaurants, and entertainment and sea-sports facilities.

Situated on the island’s north coast, Lagoi Bay is located within Bintan Resorts, the expansive integrated beach resort destination that currently includes 10 resorts, including Banyan Tree and Angsana. The Lagoi Bay site, a 15-minute drive from the international ferry terminal, is about 1,300 hectares in size.

A total of 33 sites ranging from 2,000sqm to 19 hectares (190,000sqm) is being offered in the first phase for a variety of uses, including residential, resort and commercial developments. All sites have close proximity to the beach and road access, and will be served by power, potable water, telecommunications, sewer lines and solid waste collection.

With the number of visitor arrivals to Bintan island targeted to reach one million by 2012 from the current 320,000 and growing awareness of Bintan as a resort destination, occupancy and average daily rates are both expected to rise, increasing the potential for investors to generate significant returns.

“Given its close proximity to Singapore, Bintan is well positioned to tap into the more than 9 million leisure and business visitors who come to Singapore annually. This number is expected to reach 17 million by 2015,” said BG (Ret) Chin Chow Yoon, Vice President Director, PT Bintan Resort Cakrawala, a subsidiary of Gallant Venture and the master developer, planner and operator of Lagoi Bay.

“With Bintan Resorts’ efficient and modern infrastructure and wide range of world-class attractions ranging from award-winning golf courses, miles of white beaches to brand-name spas, we’re confident the Lagoi Bay development will provide an opportunity for investors seeking to tap into the global demand for an international-standard resort destination.”

The new Lagoi Bay site is expected to receive strong interest from developers looking to build on Bintan’s strong tourism infrastructure, where the top-class resorts offer golf, spa, watersports, and nature and culture tours. Bintan is also building on not just visitors from Singapore, but tourists looking for both city and beach resort attractions during their visit, Bintan acting as a ‘twin destination’.

www.banyantreeresidences.com
www.bintan-resorts.com

Thursday, July 24, 2008

DISCOVER BINTAN'S RAINFOREST (DURIAN PARTY & BINTAN TRAKKING)

EVEN PROFILE :

Date : 27 Juli 2008
Start Point : Desa Bukit Batu (Bukit Batu Village)
High Of Mountain : 340 M above the sea level
Trek Duration : 4 to 5 Hours
Number Of Person : 3 Person in a team
Fitness Check : Check Upon arrival at Bintan Mountain
Liaison Officer : English Speaking Guide Provided
Dress Required : Long T-Shirt, Sport Shoes, Hat, Mineral Water recommanded.



Intresting Points :


  1. Unique Tropical Flora During Hiking

  2. Home To Rare Animal Such As Monkey, Birds, And Many More

  3. Friendly Local People

  4. Refresh Your Self In a Small Waterfall in the Feet Of The Mountain

For Inquires or More Information :

Bintan Regency Tourism and Culture Office Phone 6277125373 or Mobile Phone +628126197586

Route Bintan Trekking 2008

Tuesday, July 8, 2008

22 firms sign deals to invest more than US$1.8b in Batam, Bintan

BATAM, INDONESIA, 02 August 2007 (Channel News Asia) - Indonesia's Riau islands on Thursday signed investment deals worth US$1.8 billion with 22 companies, including some from Singapore. The investments in the Special Economic Zones on the islands of Batam, Bintan and Karimun will create 50,000 new jobs, a significant boost to the region's efforts to compete with other free trade areas in Asia.

Singapore and Indonesia agreed last year to jointly develop these Special Economic Zones. Eight Singapore companies plan to put in another US$613 million in investments. "In the past years, we're beginning to see many manufacturers and investors beginning to expand their presence in Batam. That, of course, means good business for logistics operators like ourselves," said Chan Kong Leong, Sembawang Kimtrans' Group Chief Operating Officer.

Investors say they see a good potential for growth in areas like the oil and gas sector. "There's a lot of investment that might come in for oil and gas, especially if one day the huge Natuna project becomes feasible. Now, the oil price is edging towards 80 dollars. If it goes higher, then the Natuna project will be feasible," said Kris Wiluan, president director of PT Citra Tubindo. The Indonesian government plans to establish 11 more Special Economic Zones across the country, using Batam, Bintan and Karimun as the models.

Tuesday, July 1, 2008

INVESTING IN BINTAN

by ByJohn Higginson
Bintan island is best known as Singapore’s most convenient resort destination, but the Indonesian island is now set to incorporate luxury residences following the launch of the Banyan Tree Residences in Bintan and the release of the masterplan for the Lagoi Bay mixed-use development.

Bintan is less than an hour’s ferry ride from Singapore and just 35 minutes from neighbouring Batam island.

The Banyan Tree Residences in Bintan (pictured) are one of several launched by Singapore-listed Banyan Tree Holdings Ltd, which also announced properties in its resorts in Phuket and Bangkok in Thailand, Lijiang in China and the Seychelles.Banyan Tree Residences is targeting the type of top-tier travellers and investors that frequent the Group’s range of 21 hotels and resorts in city, beach and mountain resort locations, as well as its 58 spas and two golf courses, including the Greg Norman-designed 18-hole layout in Bintan.

“Everyone’s moving to branding to differentiate their residences, but Banyan Tree is a pioneer in the fact that we only sell residences once our resorts are operational, so potential buyers can see and know exactly what they’re getting. We don’t sell real estate to finance the building of the development,” Paul Chong, Assistant Vice President, Business Development, Banyan Tree Hotels and Resorts, told Property Report.

“Branded properties usually charge a 25-30% premium, but investors should make sure they know what they’re paying for, and in this sense Banyan Tree has established its reputation for delivery quality and luxury. Banyan Tree is vertically integrated, so all our architects, interior designers and marketing work side by side.” Banyan Tree Residences have been conceptualised and designed by Architrave Design and Planning, Banyan Tree’s in-house architectural arm.

The Banyan Tree Residences concept is to allow investors to buy their own villa, townhouse or apartment that becomes part of the inventory of these exclusive resorts. Owners receive an annual guaranteed return of 6% per annum for six years, with options to renew or share in revenues generated by the property. “Banyan Tree Residences enable investors to diversify their portfolios while receiving guaranteed returns, without worrying about managing the property when they’re not there,” explained Richard Skene, Assistant Vice President, Banyan Tree Residences. “Of course all of our owners enjoy the lifestyle benefits which have become synonymous with the Banyan Tree Hotels and Resorts brand.”

Owners are entitled to 60 days’ complimentary use of their residence every year, membership at the exclusive Banyan Tree Residence Club and access to the Banyan Tree Private Collection, Asia’s first Destination Club. Banyan Tree properties include maintenance, cleaning, landscaping and security, while owners enjoy access to hotel amenities and services.

Open exhibitions of Banyan Tree Residences will be held in London on June 1-2, then in Hong Kong on the weekend of June 16-17 at The Landmark Mandarin Oriental Hotel.

Lagoi Bay targets investors

Bintan is also the subject of fresh interest from investors and resort operators following the release of the masterplan for Lagoi Bay. An integrated resort development, Lagoi Bay will feature further resorts but also residences, shopping outlets, restaurants, and entertainment and sea-sports facilities.

Situated on the island’s north coast, Lagoi Bay is located within Bintan Resorts, the expansive integrated beach resort destination that currently includes 10 resorts, including Banyan Tree and Angsana. The Lagoi Bay site, a 15-minute drive from the international ferry terminal, is about 1,300 hectares in size.

A total of 33 sites ranging from 2,000sqm to 19 hectares (190,000sqm) is being offered in the first phase for a variety of uses, including residential, resort and commercial developments. All sites have close proximity to the beach and road access, and will be served by power, potable water, telecommunications, sewer lines and solid waste collection.

With the number of visitor arrivals to Bintan island targeted to reach one million by 2012 from the current 320,000 and growing awareness of Bintan as a resort destination, occupancy and average daily rates are both expected to rise, increasing the potential for investors to generate significant returns. “Given its close proximity to Singapore, Bintan is well positioned to tap into the more than 9 million leisure and business visitors who come to Singapore annually. This number is expected to reach 17 million by 2015,” said BG (Ret) Chin Chow Yoon, Vice President Director, PT Bintan Resort Cakrawala, a subsidiary of Gallant Venture and the master developer, planner and operator of Lagoi Bay.“With Bintan Resorts’ efficient and modern infrastructure and wide range of world-class attractions ranging from award-winning golf courses, miles of white beaches to brand-name spas, we’re confident the Lagoi Bay development will provide an opportunity for investors seeking to tap into the global demand for an international-standard resort destination.”

The new Lagoi Bay site is expected to receive strong interest from developers looking to build on Bintan’s strong tourism infrastructure, where the top-class resorts offer golf, spa, watersports, and nature and culture tours. Bintan is also building on not just visitors from Singapore, but tourists looking for both city and beach resort attractions during their visit, Bintan acting as a ‘twin destination’.

www.banyantreeresidences.com

Friday, June 27, 2008

PT. National Industrial Gases Indonesia Set Up New Manufacturing In Bintan

PT. National Industria Gases Indonesia, Batam (PT. NIGI Batam) is a limited company incoporated in Batam Island, Indonesia and was established under foreign Investment regulations of Indonesia, and apporved by the President Of Republic Indonesia. The Company is 100% owned by National Industrial Gases Pte Ltd (Singapore) and is NIG's second subsidiary outside of the Republic.
PT. NIGI, Batam will invest an estimate US$400,000 for the purchase of the land and initial set up of the manufacturing and refiling facilities in Kijang, Bintan Island, for it's Subsidiary - PT. NIGI Bintan.
PT. NIGI Bintan will dedicate its supply of industrial gases to the Local business and foreign investor allocated in Kijang and Tanjungpinang. The Industrial Gas Industry is considered a supporting industry where gaseous manufacturing and refilling companies play supporting roles to major sector like Marine & Offshore, Shipyard & Ship Building, Medical, Electronic, Engineering and etc. PT. NIGI Bintan will like to be part of the progress and development Bintan and support the foreign investors and local businesses.
PT. NIGI Bintan will manufacture and refill Oxygen and Carbon Dioxide into pallets and loose cylinders. The Supply of Liquid Oxygen, Liquid Carbon Dioxide, Compressed Argon and other gases comes from NIG Spore via liquid ISO Containers, in loose cylinders and racks. Upon Receipt of These tanks the Production staff will then transfer the liquid into various vertical storage tanks. All empty Oxygen and Carbon Dioxide Cylinders and Racks are Refilled at PT. NIGI Bintan.
PT. NIGI Bintan will supply compressed Oxygen and other industrial gases in pallets and loose cylinders to the shipyards and offshore oriented companies.
PT. NIGI Bintan will deploy and engage one 12 Ton crane lorry form the contractor in Bintan. This will be used to deliver the cylinders and racks to the customers in Kijang Bintan Island. PT. NIGI Bintan will purchase assets like forklifts, crane lorries and expand its refilling facilities once the factory is fully funtional. PT. NIGI Bintan will be investing more than 200 Oxygen racks and 500 loose cylinders when the operations begins and include the import and manufacture of other gases depending on the market demand and the customers requirements. Eventually more assets like cylinders and racks will be invested to meet the demand of the customers in Bintan Island.
PT. NIGI Batam is currently supplying its industrial gases from Batam to The Bintan Customers via sea freight as below :
1. PT. Bintan Offshore
2. PT. TWC Bintan
3. PT. Da Ching
4. PT. Bukit Panglong.
This is one of the main reaspon why PT. NIGI Batam is setting up the facilities in Bintan is to ensure on time delivery of gases and to support the market demand.

Monday, May 26, 2008

The Singapore-Riau Island Advantage

The Riau Islands of Bintan and Batam are just a stone's throw from Singapore. Located to the south of the city-state, Bintan is 45 km or an hour away by ferry, while Batam is 20 km or a 45-minute ferry ride. Together, these two islands offer abundant labour and facilities.

The competitive business environment of Bintan and Batam has entrenched global players from industries as diverse as precision engineering, plastic moulding, chemicals and garment fabrication.

Companies benefiting from the Singapore-Riau Combination include Philips, Thomson, Siemens, Seagate, Nidec and Venture, to name a few. They also include business giants from the US, Japan and Germany, amongst others.

Pro-business environment


Industrial facilities at the Riau Islands are conducive to manufacturing. There are modern amenities and self-sufficient services, including utilities (water and electricity), waste disposal and telecommunications. Systems are also in place to ensure that there is minimal disruption to services essential for business operations. Bintan and Batam are well served by modern infrastructure.

Competitive costs


Land and rental costs vary according to specifications, but whether it's a commercial ready-to-use factory building or customised structure, prices are highly competitive. Raw materials are also readily available at cost effective prices.

Skilled and affordable workforce

Suitably trained manpower is never in short supply in Bintan and Batam. Labour is highly affordable, and much lower than in other manufacturing centres in the region.

Track record

Both islands have a track record spanning more than 12 years for industrial operations. The number of multinational companies has grown to reach more than 70. Other developments like housing and recreational facilities have sprung up.

Today, these islands and their industrial areas have developed to become vibrant places for both residents and company executives working in the industrial parks.

The Riau Islands can easily support both business and leisure pursuits.



Framework Agreement on Economic Cooperation in the islands of Batam, Bintan and Karimun between the Republics of Singapore and Indonesia

The Framework Agreement on Economic Cooperation in the Islands of Batam, Bintan and Karimun was signed on the 25 June 2006 in Batam by Dr. Boediono, Indonesian Coordinating Minister for Economic Affairs and Mr Lim Hng Kiang, Singapore Minister for Trade and Industry.

The signing was witnessed by Indonesia President Susilo Bambang Yudhoyono and Singapore Prime Minister Lee Hsien Loong.

The Framework Agreement cements the Singapore-Indonesia partnership to establish special economic zones (SEZs) in Batam, Bintan and Karimun. The SEZs will lay the groundwork for both islands to become investor-friendly and cost-competitive manufacturing zones that can attract international flows of foreign direct investments.

Key Areas of co-operation


The Framework Agreement outlines seven key areas that Indonesia and Singapore will cooperate in to ensure that business, regulatory and labour conditions in Batam and Bintam are favourable to investors. These seven areas are – investment, finance and banking, taxation, customs and excise, immigration, manpower, and capability development.

Dedicated administration and its guiding principles

The Framework Agreement also details that a dedicated and effective administration(s) would be set up for the special economic zones(SEZs). This dedicated administration would be guided by the following principles:

(i) Developing an effective institutional framework for the SEZs to be internationally competitive;
(ii) Ensuring clarity and consistency in the policy framework of the SEZs;
(iii) Streamlining regulatory procedures to ensure clarity and transparency in the implementation of policies;
(iv) Creating and sustaining a competitive and stable business environment to enhance the development of the SEZs; and
(v) Developing and maintaining a well-planned, competitive and efficient industrial infrastructure

Joint Steering Committee & Joint Working Committee


A ministerial-level Joint Steering Committee (JSC), responsible for the implementation of the Framework Agreement, will be established.

A working-level Joint Working Group will also be established support the JSC to implement the action plan for the development of the special economic zones in Batam, Bintan and Karimun.

Landmarks to buy out Bintan landowner

Landmarks Bhd's wholly owned subsidiary Primary Gateway Sdn Bhd has entered into a conditional sale and purchase agreement with Castle Knight Investments Ltd and Complete Win Group Ltd to acquire the remaining 26% equity interest in Bintan Treasure Bay Pte Ltd (BTB) for RM360.8mil. The proposed acquisition will result in BTB becoming a wholly owned subsidiary of Primary Gateway, which currently holds 74% of BTB. BTB is an investment holding company and its principle asset is a 338ha leasehold land in Bintan Island, Indonesia held through its indirect subsidiary, PT Pelangi Bintan Indah.

Malaysian property firm Landmarks Bhd is buying out a firm that owns 338 hectares of land on Bintan island for S$156.9 million ($111 million), Landmarks said on Tuesday (5/2/08), Reuters reported. Last month, Landmarks won Indonesian approval to start an integrated tourism zone in Bintan, which is a popular resort island for Singaporeans.

Landmarks Boosts Investment in Bintan
Malaysian developer and leisure firm Landmarks Holdings is planning to invest a total of 4 billion ringgit ($1.20 billion) in a resort on Indonesia's Bintan island, The Edge financial daily said on Friday, citing a top company official, Reuters reported. Landmarks' chief operating officer Lim Boon Soon said there were no plans for gambling facilities at the resort.
Landmarks said on Thursday its unit, Primary Gateway Sdn Bhd, is acquiring an additional 9.5% stake in Bintan Treasure Bay Pte Ltd, the Bintan project developer, increasing its stake in Bintan Treasure to 74%.
The Bintan project will include a lifestyle hotel and resort plus residential and commercial development.