23 Dec '16, 3pm

Keppel Land, Metland to jointly develop landed homes in Indonesia

The joint development will yield about 450 landed homes on a 12ha site in Tangerang, a satellite city located adjacent to West Jakarta. Keppel Land has partnered with PT Metropolitan Land Tbk (Metland), one of Indonesia’s leading property developers, to develop landed homes in Greater Jakarta. This comes after Keppel Land, via its wholly-owned subsidiary PT Sukses Manis Indonesia, took a 50 percent stake in a joint development with Metland’s subsidiary, PT Metropolitan Permata Development, for Rp 250 billion (approx. S$26 million). Situated on a 12ha site in Tangerang, a satellite city adjacent to West Jakarta, the joint development is expected to yield around 450 landed homes. It is strategically located within the established Metland Puri township and enjoys good connectivity to business districts, as well as various amenities and facilities via the Karang Tengah Toll Ro...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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