23 December 2016

Join Operation Keppel Land and Metland

Jakarta, 22 December 2016 – Keppel Land Limited (Keppel Land), through its wholly-owned subsidiary, PT Sukses Manis Indonesia, has taken a 50% stake in a joint development with PT Metropolitan Permata Development, a subsidiary of PT Metropolitan Land Tbk (Metland). Metland is one of Indonesia’s leading property developers. The joint development will yield about 450 landed homes on a 12-ha site in Tangerang, a satellite city located adjacent to West Jakarta.

Mr Sam Moon Thong, President (Indonesia), Keppel Land, said, “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. We are happy to develop a prime residential site together with a strong, like-minded partner like Metland. We seek to meet the needs of a fast-growing middle class who aspire to own quality homes.”

Mr Thomas J. Angfendy, President Director of PT Metropolitan Land Tbk, said, "We are pleased to partner Keppel Land on this project where we will tap on our respective strengths for a quality residential development to enhance the Metland Puri township.”

Strategically located within the established Metland Puri township, future residents can enjoy excellent connectivity to business districts and various facilities and amenities via the Merak Toll Road and Karang Tengah Toll Road. The Soekarno-Hatta International Airport is also just a 30-minute drive away.

In West Jakarta, Keppel Land is developing West Vista and another residential development at Daan Mogot which will yield over 7,000 units in total.