Basis and justification for the KHSB’s Entitlement Sample Clauses

Basis and justification for the KHSB’s Entitlement. The KHSB’s Entitlement was arrived at after negotiations and taking into consideration, among others, the following: (i) the proposed JV Development over an expected period of 3 years to develop the JV Lands into a development project comprising residential units; (ii) the development potential of the JV Lands (including the estimated GDV and gross development profit), the rationale for the JVA as set out in Section 3 of this Announcement and overview and prospects of the JV Lands as set out in Sections 4.3 and 4.4 of this Announcement; (iii) the JVA will enable YTB and its subsidiaries (“YTB Group”) to save substantial upfront costs relating to the acquisition of land of similar size as well as the associated land holding costs.
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Related to Basis and justification for the KHSB’s Entitlement

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