Residential property development
For the purposes of these instructions, residential property development(s) is defined as
property(ies) in which people reside and is subject to the following conditions:
a. the residential property must be in the form of new developments on either new or
existing sites; and
b. the residential property(ies) cannot include renovation or extension to existing
developments; and
c. the new developments must have been approved and gained any required consents by
any relevant regulatory authorities (including local authorities); and d. the purpose of the residential property investments must be to make a commercial
return on the open market; and
e. neither the family, relatives, nor anyone associated with the principal investor, may
reside in the development; and
f. the costs associated with obtaining any regulatory approval (including any resource or
building consents) are not part of the principal applicant’s acceptable investments.作者: 马山呆 时间: 2011-7-11 20:53:35
