Scientex to make foray into Indonesia property market

“Our long-term vision is to expand our Scientex brand in Indonesia’s property development sector and share our affordable housing knowledge, expertise and experience in that region,” said Lim.

PETALING JAYA: Scientex Bhd is venturing into Indonesia to build affordable homes via its collaboration with the republic’s Mustika Land and Japan’s Creed Group.

In a statement, the packaging manufacturer said its wholly-owned subsidiary, Scientex Quatari Sdn Bhd had teamed up with PT Graha Mustika Tamansari (PT GMT) and Creed Property PH-1 Pte Ltd to form a joint venture (JV) company.