Banyan Tree launching holiday home development in Bintan

BANYAN Tree Holdings is working on a new property development in Bintan, in a move that is in line with plans to revive its development arm.

The resort operator will launch Laguna Shores Bintan at the Hilton Singapore Hotel this weekend.

This is to be part of a collection of lower-priced holiday-home projects into which the group is venturing. Banyan Tree said that the prices of the one and two-bedroom units will start at $180,000. The smallest one-bedders are 441 square feet in size, and the largest two-bedroom ones, 786 sq ft.