SINGAPORE (Dec 15): Sinarmas Land has revealed its plans for Nuvasa Bay development project on the beachfront of Nongsa on Batam island.
Batam’s first luxury integrated residential and mixed-use development will integrate an exclusive residential area with a full suite of resort facilities surrounded by an 18-hole international golf course along the 1.2km-long beachfront.
Sinarmas Land plans to invest a minimum of four trillion rupiah (US$400 million) over the next five years to develop the 228-ha project and to market the project in the third or fourth quarter of 2016.
Sinarmas Land closed 4.2% lower at 46 cents on Monday. -- theedgemarkets.com
TOP PICKS BY EDGEPROP
Apartment Tanjung Puteri Resort
Pasir Gudang, Johor
D'Ambience Residences (Ikatan Flora), Bandar Baru Permas Jaya
Permas Jaya/Senibong, Johor
D'Carlton Seaview Residences (Seri Mega)
Masai, Johor
Tenderfields @ Eco Majestic
Semenyih, Selangor