Work is now under way on Lagoi Bay, a resort community encompassing over 1300 hectares on Bintan Island, one of Indonesia’s largest islands. Valued at approximately $812 million, the project is slated to be completed by 2014.
Once a coconut plantation, the coastal development is less than an hour away by ferry from Singapore. The owners, Bintan Resorts, hope to tap into the tourism traffic to Singapore, which draws more than 9 million business and leisure travelers each year.