s 4 Meaning of “subdivide”
4.—(1) Subject to this section, a person is, for the purposes of this Act, said to subdivide land if, by any deed or instrument, the person conveys, assigns, demises or otherwise disposes of any part of the land in such a manner that the part so disposed of becomes capable of being registered under the Registration of Deeds Act 1988 or, in the case of registered land, being included in a separate folio of the land‑register under the Land Titles Act 1993, and “subdivide” and “subdivision” are to be construed accordingly. (2) Despite subsection (1), the following leases granted on or after 1 April 1998 are not to be regarded as a disposal of the land or part thereof:(a) in the case of any development described in Part 1 of the Third Schedule — the grant of any lease for any unit in the development for a term not exceeding an aggregate of 14 years; (b) in the case of any development described in Part 2 of the Third Schedule — the grant of any lease for a building or any part of a building comprised in the development for a term not exceeding an aggregate of 14 years; (c) in the case of any other land — the grant of any lease of the whole or part of the land for a term not exceeding an aggregate of 7 years.[30/2003] (3) The Minister may, at any time, by order in the Gazette amend, delete or add to the list of leases in subsection (2) which are not to be regarded as a disposal of land or part thereof.[30/2003] (4) For the purposes of this section —(a) the fact that the term of a lease may be extended pursuant to an option is to be taken into consideration in determining whether the term of the lease exceeds any of the periods specified in subsection (2); and (b) the fact that a lease for a specified period of time is determinable on the happening of an event within that time is not to be taken into consideration in determining the term of the lease.[30/2003]