Exemption from need for approval to change existing use
3. Section 28 of the Act does not apply to CapitaLand Limited, in relation to land that —
(a)
is acquired, owned or purchased by CapitaLand Limited on or after 14 August 2020; and
(b)
is intended for purposes of change of use to and development as residential property and with the ultimate purpose of sale or disposal by CapitaLand Limited as residential property for profit.