(a) Complete the construction and obtain the Temporary Occupation Permit or Certificate of Statutory Completion within 5 years from the date of issue of the QC or the collective sale order, whichever is applicable;

(b) Dispose of all the flats or dwelling-houses within 2 years from the date of issue of the Temporary Occupation permit or Certificate of Statutory Completion, whichever is earlier;

(c) Must not, without approval, change the shareholding of the housing developer after QC is issued;

(d) Must not, without approval, sell the land in its vacant or undeveloped state;

(e) Must not, without approval, lease or let out any of the unsold dwelling units comprised in the housing development; and

(f) Provide security (Banker’s Guarantee of at least 10% of purchase price of land).