Monday, February 06, 2017 2:13:22 PM
A new owner can have the old owner give approval to the purchaser to lodge development/building applications Before settlement, this pre-approval can even be a condition of the contract.
Now knowing that Prof. Li has been active Before the March 2016 announcement we can safely say that he has been looking at properties for some time now. We can also say that he has had professionals, such as your example of architects, as well as zoning experts, attorneys etc, inspect and assess the properties he is interested in Before making the decision to spend his $8 million and buy it.
With the First Eontec machine well on its way, i believe Prof. Li has already done his homework and is not waiting until handover before finding out what he can and cant do to the property.
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