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Originally Posted by Jeffang
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'Residential' just means people will live in it - rather than commercial (office, hotel, industrial etc etc). Residential buildings can be strata (condo) or rental. (Sometimes developers build a strata building, then rent the units - at least initially. This isn't one of those examples).
This will be developed as a 100% rental project, with a covenant and a Legal Agreement in place to ensure the units stay rental, even if the buildings are subsequently sold.
The application says " This development proposes 100% secured market rental units."