A real estate joint venture (JV) is a deal between multiple parties to work together and combine resources to develop a real estate project. Most large projects are financed and developed as a result of real estate joint ventures.
ABOUT JOINT VENTURE AGREEMENTS
The basic principle surrounding a Real Estate Joint Venture can be illustrated through the following example. Company X owns a plot of land in the city of Melaka. Company Y is a property development company who has the expertise in housing development. Company X gets into a Joint Venture Company Y where Company Y takes care of the capital and expertise and Company X provides the land for housing development project.
Michael Tie & Co has advised a number of landowners and property developers on the Joint Venture Agreement for property development. We advise and analyze on the important factors to consider for a joint venture and ensure relevant laws are complied with.