Keppel Land in tie-up to build homes in Indonesia
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Singapore
KEPPEL Land has invested about 250 billion rupiah (approximately S$26 million) for a 50 per cent stake in a joint residential development with a subsidiary of PT Metropolitan Land Tbk (Metland), in Greater Jakarta, Indonesia.
The partnership between Keppel Land's wholly owned subsidiary PT Sukses Manis Indonesia and PT Metropolitan Permata Development will produce about 450 landed homes on a 12-hectare site in Tangerang, a satellite city adjacent to West Jakarta.
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