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A licensed housing developer is the only person authorized to develop and sell more than 4 units of housing accommodation.
The Controller of Housing is empowered to formulate the type of contract to be used with further powers to approve any amendments made to the contract. Any contravention by the developer will be deemed to be an offence.
The sale of commercial buildings, are midwood showflat under the control of the Sale of Commercial Properties Act (SCPA) and contracts for these sales are also approved by the Controller of Housing.
4-unit buildings do not come under the scope of the SCPA but it does thwart the ability of a foreign developer to extend development activities.