Exemption from need for approval to become converted entity
2.  Section 9 of the Act does not apply to RH Guillemard Pte. Ltd., in relation to any residential property that —
(a)is not non-restricted residential property;
(b)is vested in RH Guillemard Pte. Ltd. immediately before its conversion into a converted entity before, on or after 30 April 2021; and
(c)is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by RH Guillemard Pte. Ltd. as residential property for profit, after its conversion into a converted entity.