Keppel Land in JV to develop 2 luxury condos in Bangkok

SINGAPORE (Nov 23): Keppel Land, the property arm of Keppel Corporation, has entered into a conditional joint venture agreement with Thai property developer KPN LAND Co. to acquire two separate prime sites in Bangkok for a total of 2.2 billion baht ($90 million).

The joint venture partners plan to be develop two premium freehold condominiums projects on these sites, both located along Sukhumvit Road.

The partners will jointly manage the two developments, with Keppel Land holding a 49% stake in the condominium projects, and KPN LAND holding the remaining 51% stake.

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