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