TEE Land to acquire land parcels in Indonesia for $4.9m
It will be used to develop affordable housing.
TEE Land is mulling the acquisition of three land parcels in Batam, Indonesia for a purchase price of $4.9m.
The land will be used for the development of affordable housing and commercial development.
“With the recent boom in the aerospace industries in Batam, there is a shortage of affordable housing for the local Indonesians and immigrants,” TEE Land stated in a release.