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Keppel Land to jointly develop landed homes with Metland in Greater Jakarta

West Vista.jpg
Keppel Land and Metland will jointly develop landed homes on a 12-hectare site in Tangerang, Greater Jakarta in Indonesia. Keppel Land is also developing West Vista (picture above) condominium development in West Jakarta.

KEPPEL Land and PT Metropolitan Land Tbk (Metland) will jointly develop landed homes in Greater Jakarta.

Keppel Land, through its wholly owned subsidiary PT Sukses Manis Indonesia, has taken a 50 per cent stake in a joint development with PT Metropolitan Permata Development, a subsidiary of Metland, one of Indonesia's leading property developers.

The total consideration of the 50 per cent stake is 250 billion rupiah (S$26.8 million). The joint development will yield about 450 landed homes on a 12-ha site in Tangerang, a satellite city located adjacent to West Jakarta.

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