Regulation 2
Exemption from need for approval to become converted entity
of Residential Property (Yanlord Land Group Limited — Exemption) Notification 2021
Subsidiary LegislationIn forceProvision 2 of 6
Regulation 2
Section 9 of the Act does not apply to Yanlord Land Group Limited, in relation to any residential property that —
(a)
is not non‑restricted residential property;
(b)
is vested in Yanlord Land Group Limited immediately before its conversion into a converted entity before, on or after 5 March 2021; and
(c)
is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by Yanlord Land Group Limited as residential property for profit, after its conversion into a converted entity.