Singapore’s sovereign fund GIC has decided to expand its investments in Indonesian property market through a joint venture with PT Intiland Development Tbk (DILD) for the development of South Quarter complex in South Jakarta. GIC will have 40% shares in the integrated mixed-use complex, which will be benefited from the development of mass-rapid transit (MRT) connecting Lebak Bulus (South Jakarta) and Bundaran HI (Central Jakarta). To subscribe please click here
