China Fortune Land To Launch Indonesia’s First International New Industry City

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China Fortune Land Development (CFLD), one of China’s biggest real estate companies, is set to launch Indonesia’s first international new industry city on 6 April, according to a Xinhua report.

The integrated real-estate project, which is located in Tangerang City, will offer 2,800 houses on the 60-hectare property, said CFLD Indonesia’s vice president Imelda Adhisaputra.

CFLD Indonesia purchased the land from PT Alam Sutera Realty. The property will be a mixed-used development, integrating it with commercial and industry clusters, Adhisaputra told Xinhua.

CFLD, established in 1998, is one of the biggest Chinese companies in the industrial estate sector and listed in Forbes Asia’s Fab 50 Companies in 2015.

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CFLD’s President Jerry Zhao had said that Indonesia is listed on the company’s top priority investment outside China.

Aside from from Java Island, the Chinese real estate giant other areas in Indonesia, the fourth most populous country in the world. – BusinessNewsAsia.com

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