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Keppel Land Partners Metland For Jakarta Residential Projects

Published Dec 7, 2018

 

Keppel Land has announced that it will jointly develop residential projects in Greater Jakarta with an investment value of up to INR5 trillion (about $470 million) with PT Metropolitan Land Tbk (Metland).


This comes after its fully-owned subsidiary Keppel Land (Indonesia) signed a non-binding collaboration agreement with Metland.


The agreement will see Keppel Land and Metland each injecting an equal amount of capital for joint residential projects.


This follows their first collaboration to develop around 500 landed homes at the gated riverfront estate The Riviera at Puri, which is located in Tangerang, Greater Jakarta. The two developers are also exploring a residential site in East Jakarta.



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