Foreign investment in townships permitted with full ownership subject to capitalization, development, repatriation and approval conditions. Foreign direct investment up to full ownership is permitted in townships, housing and construction-development projects subject to minimum project area requirements, prescribed minimum capitalization for wholly owned subsidiaries and joint ventures with timely fund infusion, a specified lock-in on original investment unless earlier exit is approved by Government through FIPB, development of at least half the project within five years of statutory clearances, prohibition on sale of undeveloped plots, conformity with applicable building regulations, investor responsibility for approvals and development charges, and monitoring by the approving local authority with requirement of completion certificate before disposing serviced plots.