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SINGAPORE (Jan 1): Keppel Land China is acquiring a 11-storey commercial property in Zhongguancun, widely known as China's Silicon Valley for an aggregate cash consideration of RMB 555 million ($111 million). On Dec 31, Keppel Corp announced wholly-owned subsidiary Tosalco has entered into an agreement with A Li Yun Shan (Beijing) Business Consulting Co. to secure a 100% stake in Beijing Chang Sheng Business Consulting Co which owns the property. Located at the Greater Wuluju Area of Haidian District in Beijing, the property consists of nine storeys of office space with 8,532 sqm of gross floor area, two storeys of retail space with 2,104 sqm of gross floor area and 23 car park lots with 992 sqm of gross floor area. Read more on The Edge Singapore. See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * Park Hotel Group opens maiden hotel in Seoul * Raffles Medical announces opening of Chongqing hospital * Bracing for a price correction * Google climbs New York City office space rankings ahead of Amazon’s arrival * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available
SINGAPORE (Dec 18): Keppel Corporation’s property arm, Keppel Land, has entered into an agreement with leading Indonesian property developer PT Metropolitan Land Tbk (Metland) to jointly develop a 12-hectare residential site in the Metland Menteng township in East Jakarta, Indonesia. The agreement, made through wholly-owned subsidiary, PT Sukses Manis Indonesia, will see Keppel Land hold a 50% stake in the joint operation, which will yield approximately 500 landed homes with ancillary shophouses for sale. Keppel Land’s share of the total development cost for the project is estimated to be about 600 billion rupiah ($57 million).
Keppel Land has announced that it will jointly develop residential projects in Greater Jakarta with an investment value of up to INR5 trillion...
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.
Keppel Land, the property arm of Keppel Corp, and Habitap, developer of smart living systems, unveiled Singapore’s first smart-home management system powered by artificial intelligence (AI) on Nov 13. It will be deployed at Keppel Land’s upcoming residential development at Nassim Hill as well as other projects. The smart-home management system integrates three core functions of smart-home controls, community management and lifestyle services on a single platform.