Clause 4

Where planning permission has been granted by the competent authority for the development of any land subject to the condition that thirty per cent of the floor area of any building in the development must be owned by a single person for a period of ten years from the date of the latest temporary occupation licence issued before the grant of the certificate of fitness in respect of the development, the competent authority shall notify the Registrar of such planning permission and file with the Registrar the plans delineating the specified flats in any building comprising the aforesaid thirty per cent of the floor area.(2) Where the Registrar has received the notice and plans referred to in subsection (1) and the Registrar is satisfied that the plans adequately identify the flats comprised in the said thirty per cent of the floor area of the development, the Registrar shall —

enter the appropriate notification on the relevant folio of the land-register or subsidiary strata land-register; and

have the power to refuse to register any instrument disposing of any interest in any flat in contravention of the condition referred to in subsection (1) when the instrument is presented for registration.(3) Where the Registrar has discovered that any instrument has been lodged for registration or has been finally registered in contravention of the condition referred to in subsection (1), the Registrar shall serve a notice in writing on the person who appears in the records of the Registrar as the party claiming under the said instrument of the Registrar’s intention to cancel the registration of the instrument and any instrument relating to the flats referred to in subsection (1) and any relating entries in the records maintained by the Registrar. On the expiration of the Registrar’s notice, the Registrar shall without giving any further notice cancel the registration of the said instruments and all entries relating thereto.(4) The registered proprietor may lodge an application with the Registrar in the approved form for the cancellation of any notification made by the Registrar in the land-register or subsidiary strata land-register pursuant to this section and the Registrar shall cancel the notification if he is satisfied that the condition referred to in subsection (1) has been fulfilled.”.