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
Seri Mutiara Apartments, Bandar Baru Seri Alam
Masai, Johor
R&F Princess Cove, Tanjung Puteri
Johor Bahru, Johor
Setia Marina 2, Setia Eco Glades
Cyberjaya, Selangor
Setia Marina 3, Setia Eco Glades
Cyberjaya, Selangor
Liu Li Garden, Setia Eco Glades
Cyberjaya, Selangor
Setia Marina 2, Setia Eco Glades
Cyberjaya, Selangor
Setia Marina 2, Setia Eco Glades
Cyberjaya, Selangor
Peranakan Straits, Setia Eco Templer
Rawang, Selangor
Charms of Nusantara, Setia Eco Glades
Cyberjaya, Selangor
Isle of Kamares, Setia Eco Glades
Cyberjaya, Selangor