Section 25A

Where the Minister has granted his or her approval under section 25 to any foreign person to purchase, acquire or retain any estate or interest in any residential property (other than non‑restricted residential property) subject to the condition that the foreign person must not sell, assign, transfer or otherwise dispose of that estate or interest in that residential property within the period specified by the Minister, the Minister may direct the Controller to lodge a caveat, on the relevant volume and folio of the land‑register in the Land Titles Registry of the Authority, forbidding the registration under the Land Titles Act 1993 during that period of any dealing affecting that residential property against which the caveat is directed unless the Controller, or some person nominated by the Controller in the caveat, has consented in writing to such registration.

The Controller must withdraw the caveat mentioned in subsection (1) upon the expiry of the period specified by the Minister, unless the Minister directs that the caveat be withdrawn at any time earlier.