SINGAPORE (Dec 6): Keppel Land is jointly developing residential projects in Greater Jakarta with an investment value of up to IDR 5 trillion ($470 million).with Indonesian developer PT Metropolitan Land Tbk.

Under the agreement, Keppel Land and Metland will each inject an equal amount of capital for joint residential projects which will be operated and owned by the latter.

Wholly-owned subsidiary, Keppel Land (Indonesia) on Thursday signed a non-binding collaboration agreement with Metland.

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