• Nna/kyodo

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Nishi-Nippon Railroad Co., a Fukuoka-based railway operator diversifying into retail and property development, is planning to build condominiums in Indonesia in partnership with a local firm, aiming to cater to growing housing demand east of Jakarta.

The company, operating in northern Kyushu, has agreed with Damai Putra Development to establish a joint venture to build twin condo towers with 1,531 units. The project in Bekasi city, West Java province, is expected to cost about 530 billion rupiah ($39 million).

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