Commercial Real Estate For Development

Proposed acquisitions of real estate for commercial development (not to be used for residential purposes) are normally approved subject to development conditions imposed under the FATA:

• continuous construction commencing within 5 years; and
• a minimum amount equivalent to 50 per cent of the acquisition cost or current market value of the land (whichever is higher) being spent on development.

Who is exempt?

Refer to Exemptions for acquisitions which do not require notification and approval.

How to Apply

For information on how to apply (including application forms), please see How to Apply.