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CapitaLand boosts presence in Indonesia

    Published Wed, Sep 6, 2017 · 09:50 PM

    Singapore

    CAPITALAND remains bullish about Indonesia's growth prospects and is further building up its presence there with a S$74.3 million investment through its wholly-owned serviced residence business unit.

    The group is acquiring on a turnkey basis a 192-unit serviced residence, Ascott Surdirman Jakarta, through The Ascott Limited's (Ascott) global serviced residence fund with Qatar Investment Authority (QIA).

    CapitaLandthe ascott limitedSingapore property

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