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Metro unit to invest S$114m in Jakarta residential project

The Bintaro project will occupy a site area of 1.6ha and comprise two residential towers

Published Mon, Apr 16, 2018 · 09:50 PM

Singapore

PROPERTY development and investment group Metro Holdings has tied up with the Trans Corpora Group (Trans Corp) to develop, market and sell two residential towers in Bintaro, Jakarta, for a total investment value of 1.33 trillion rupiah (S$127 million).

Metro has committed to fund 90 per cent of the investment, or about 1.20 trillion rupiah (S$114 million) through its unit, Metro Property Investment (MPI). The Lee Kim Tah Group, which owns the remaining 10 per ce…

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