Thank you for your question.
I'm going to start by replying at maybe a higher level.
The proposal on the GST exemption put forward by the government is relatively simple. It's simply an exemption, a temporary one, and it's broad-based. There's no phase-out. There are no specific conditions, really, other than making sure it's directed at purpose-built rental construction and so on. That is made with the intent to ensure that it's not complex and it increases certainty for investors and therefore tries to maximize the potential effectiveness of this measure.
What I would say is that when you start from that basis and you start adding conditions, generally the effect would be to add complexity and uncertainty for investors, because they may not know up front exactly whether they're going to get it or not, and therefore that would potentially significantly reduce the effectiveness of the measure.
That would be my answer.