Common Contracts
1 similar Construction Agreement contracts
YNH PROPERTY BHD (“YNH” OR “COMPANY”) TURNKEY CONSTRUCTION AGREEMENT (“TCA”)Construction Agreement • January 19th, 2024
On 20 June 2016, the wholly-owned subsidiary of the Company, namely Kar Sin Bhd (“KSB”) (as contractor) entered into a Turnkey Construction Agreement with Great Wall Park Sdn Bhd (“GWP”) (as developer) for the purpose of developing the freehold land held under individual title H.S.(D) 47941 P.T. 48632 in the Mukim of Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (“Development Land”) into a mixed residential and commercial development (hereinafter referred to as “Development”) in accordance with the terms and conditions of the TCA. In order to provide security to GWP as developer, KSB as contractor shall pay to GWP a sum of RM41,500,000.00 only as the security deposit for the Development Land (“Security Deposit”) upon execution of the TCA.
