Indonesia’s Sinar Mas Land and US developer Palari Group have formed a joint venture agreement to develop smart and sustainable residential communities in California, US.
Sinar Mas has bought a 40% stake in Palari’s zero carbon project in Palm Springs and will jointly develop other sustainable residential communities. The project will use modular construction and 3D printing to reduce costs and emissions.
Michael Widjaja, Sinar Mas CEO, said: “The partnership with Palari has opened up opportunities for Sinar Mas Land to expand our international footprint in building smart, sustainable, carbon-free cities to the largest housing market in the US.”
Palari has three developments underway in California, all using modular construction as well as Tesla solar and batteries.