Exemption from need for approval for rezoned land
4.  Section 28A of the Act does not apply to RH Guillemard Pte. Ltd., in relation to vacant land (whether or not with a vacant or disused building or structure on the land) that —
(a)is owned by RH Guillemard Pte. Ltd. on or after 30 April 2021; and
(b)is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by RH Guillemard Pte. Ltd. as residential property for profit.