SML – Nuvasa Bay Mixed-Use Development – Riau - Project Profile
"SML – Nuvasa Bay Mixed-Use Development – Riau - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Sinar Mas Land Property (SML) is undertaking the construction of a mixed-use project in Batam, Indonesia.
The project involves the construction of mixed-use facilities on 228ha of land in three phases.
The first phase includes the construction of 2,500 residential and condominium units and an Adventure Park.
About half of the targeted housing in the first phase is expected to be completed in five years, while the rest will be in another two years.
The second and third phases of the development plan are expected to last for five and three-year periods respectively.
In July 2016, Sinarmas Land signed a memorandum of understanding (MOU) with Singapore-listed KOP Properties to develop parts of Nuvasa Bay.
Construction work is underway.
The project involves the construction of mixed-use facilities on 228ha of land in three stages in Batam, Indonesia.
The US$400 million project includes the following:
1. Construction of up to 2,500 residential units in the first phase
2. Construction of mixed-use facilities in the second and third phases
3. Construction of related facilitiesReasons To Buy