VTI Vintage project manager for RM100m property project

KUALA LUMPUR: VTI Vintage Bhd has been appointed project manager, turnkey contractor and marketing agent for 30 units of low-rise high-end apartments to be built in Taman U-Thant here.

It said on Tuesday, Oct 4, its unit Vintage Roofing & Construction Sdn Bhd had accepted a letter of award from Gou Yaoming of Shenzen, China to administer the project.

"The contract sum for project management and marketing shall be 5% of estimated gross sales revenue from the proposed development. (The gross sale revenue is estimated to be RM100 million)," it said.

The contract sum for the construction would be negotiated while the construction period for the physical construction would be 24 months.