Sumitomo Forestry Co., Ltd. has announced a new partnership with leading Indonesian real estate developer Sinarmas Land Limited for a large-scale township development project in suburban Jakarta. The collaboration involves the construction and sales of approximately 4,100 units, including landed houses and shophouses, on a site spanning around 156.5 hectares adjacent to Kota Wisata. The project, marking Sumitomo Forestry's largest real estate venture in Indonesia to date, is set for completion in 2041. This initiative aims to leverage the company's expertise in housing and greening to enhance urban functionality and enrich lives in Indonesia, while also contributing to long-term revenue stabilization.
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