Jakarta metropolitan area

Mitsubishi Corporation and Surbana Jurong Joint Venture to Form Partnership with SinarMas Land to Advance Smart, Sustainable Transit-Oriented Developments in Indonesia

Tuesday, September 15, 2020 - 1:41am

TOKYO, Sept 15, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) has announced today that its joint venture company with Surbana Jurong (SJ), "Mitbana Pte Ltd" (Mitbana), has formed a significant partnership with leading Indonesian property developer Sinar Mas Land (SML) to advance smart and sustainable Transit-Oriented Developments (TODs) in BSD City, Indonesia.

Key Points: 
  • TOKYO, Sept 15, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) has announced today that its joint venture company with Surbana Jurong (SJ), "Mitbana Pte Ltd" (Mitbana), has formed a significant partnership with leading Indonesian property developer Sinar Mas Land (SML) to advance smart and sustainable Transit-Oriented Developments (TODs) in BSD City, Indonesia.
  • BSD City, located in South Tangerang, Greater Jakarta, is SML's flagship town development that had started its development in the mid-1980s.
  • This undertaking will enlarge BSD City's existing development footprint and expand on its current population of 200,000 residents.
  • As one of Indonesia's largest and most established conglomerates, SML will offer its strong local knowledge and track record in growing BSD City.