Exceptions to section 11 prohibition
—(1) Section 11(1) and (2) shall not apply —
to any agreement, deed or instrument that conveys, transfers, assigns or otherwise disposes of a leasehold interest not exceeding 21 years without an option to renew or purchase; and
to any agreement between any purchaser under a collective sale contract of any land and any other party to that collective sale contract whereby the purchaser disposes of any proposed lot to be comprised in a re-development of the land to that other party before the legal completion of the collective sale of the land.
(2) In subsection (1)(b), “collective sale contract” means —
any sale and purchase agreement referred to in section 84A, 84D, 84E, 84F, or 84FA of the Land Titles (Strata) Act (Cap. 158);
any sale and purchase agreement whereby the owners of all the lots in a development agree to sell all their lots to a purchaser; or
any sale and purchase agreement whereby the owner of any land agrees to sell the land to a purchaser either by itself or together with the owners of any adjacent land.
[LT(S)A, s. 7(9A) and (14)]