residential property development

From instructions: BJ3.10 and BJ5.50 Definition of 'acceptable investment' (Migrant Investment Categories)

For the purposes of these instructions, residential property development includes:

1. building or arranging to build a household unit for the purpose of selling it; or
2. acquiring a household unit from a person who built it or arranged for it to be built for the purpose of selling it; or
3. acquiring and subdividing land for the purposes of residential property development; or
4. acquiring and/or selling an existing household unit.

Effective 29/11/2010