The combined development will give about 450 landed houses on a 12ha site in Tangerang, a satellite city situated next to West Jakarta.
The Two Giants
Keppel Land has partnered with PT Metropolitan Land Tbk (Metland), one of Indonesia’s top 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). Going by the
Situated on a 12ha site in Tangerang, a satellite city next to West Jakarta, the combined development is expected to yield around 450 landed residence.
It is strategically situated within the established Metland Puri township and appreciates good connectivity to business districts, in addition to various amenities and facilities via Merak Toll Road and the Karang Tengah Toll Road. The development is a 30-minute drive from the Soekarno-Hatta International Airport.
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.
Coming soon in 2017
Developers are cross bordering to develop projects in the nearby regions like Vietnam, Myanmar, Cambodia etc. Developers like Keppel, Far East and also Frasers Centrepoint that is going to launch another highly anticipated new launch, Seaside Residences @ Siglap. With that in mind, Frasers also have projects at Australia.