Examples of Project Land in a sentence
The Promoter has disclosed as proposed above his intention to use more FAR to be utilized by him on the Project Land and Allottee has agreed to purchase the Said Apartment based on the proposed construction and sale of Apartments to be carried out by the Promoter by utilizing the proposed FAR and on the understanding that the declared proposed FAR shall belong to the Promoter only.
The Project Land is located approximately 6.33 kilometre (“km”) south-west of Kota Kinabalu City Centre and about 4 km south-east of Tanjung Aru Town Centre.
For the avoidance of doubt, IPSB, being the landowner of the Project Land provides the absolute control and discretion of the Project Land to EDSB while EDSB has to provide the necessary fund and financing for the Proposed Development.
JV Arrangement IPSB (“also referred to as “the Proprietor”), being the registered owner of the Project Land, had on 18 May 2022 entered into a JVA with EDSB (“also referred to as “the Developer”) to jointly develop the Proposed Development upon the terms and conditions as appeared in the JVA (“Joint Venture Development”).
The Project Land is pentagonal but roughly squarish in shape and in terrain wise, it is slightly higher than main road and hilly along its east boundary.