trending Market Intelligence /marketintelligence/en/news-insights/trending/fdN4MMiAO8Un7WmU8xdZ4A2 content esgSubNav
In This List

Keppel Land unit commits 600B rupiah for Indonesian JV with Metropolitan Land

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Keppel Land unit commits 600B rupiah for Indonesian JV with Metropolitan Land

Keppel Land Ltd.'s PT. Sukses Manis Indonesia subsidiary agreed to invest approximately 600 billion rupiah for its joint development of a 12-hectare residential site in East Jakarta, Indonesia, with PT. Metropolitan Land Tbk.

The 50/50 joint development project in the town of Metland Menteng is planned to feature about 500 house-and-lot units and ancillary shophouses, according to a press release.

Earlier in December, PT. Metropolitan also signed agreements to co-develop projects worth up to 5 trillion rupiah in the Greater Jakarta area of the country with the Keppel Land (Indonesia) Pte. Ltd. indirect subsidiary of the Singapore-listed Keppel Corp. Ltd.

As of Dec. 18, US$1 was equivalent to 14,454.00 rupiah.