The joint development will yield about 450 landed homes on a 12ha site in Tangerang, a satellite city located adjacent to West Jakarta.
Keppel Land has partnered with PT Metropolitan Land Tbk (Metland), one of Indonesia’s leading property developers, to develop landed homes in Greater Jakarta.
This comes after Keppel Land, via its wholly-owned subsidiary PT Sukses Manis Indonesia, took a 50 percent stake in a joint development with Metland’s subsidiary, PT Metropolitan Permata Development, for Rp 250 billion (approx. S$26 million).
Situated on a 12ha site in Tangerang, a satellite city adjacent to West Jakarta, the joint development is expected to yield around 450 landed homes.
It is strategically located within the established Metland Puri township and enjoys good connectivity to business districts, as well as various amenities and facilities via the Karang Tengah Toll Road and Merak Toll Road. The development is also a 30-minute drive from the Soekarno-Hatta International Airport.
“Indonesia is one of Keppel Land’s key growth markets and we are focused on scaling up our presence in Greater Jakarta which is experiencing rapid growth,” said Sam Moon Thong, President (Indonesia) at Keppel Land.
Over in West Jakarta, Keppel Land is also developing West Vista and another housing development at Daan Mogot, which will yield more than 7,000 units in total.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
