2. In this Act, unless the context otherwise requires —| “building” includes any completed building, or any building partially completed or to be erected, and intended for any strata subdivision as shown in a development plan approved by the relevant competent authority under the Planning Act 1998 or is comprised in one or more lots as shown in a strata title plan lodged with the Registrar of Titles; |
| “Building Authority” has the meaning given by the Building Control Act 1989; |
| “building project” means a building project consisting of any commercial property; [Act 54 of 2018 wef 28/06/2023] |
| “commercial property” means a horizontal stratum of any building or part thereof, whether the stratum is on one or more levels or is partially or wholly below the surface of the ground, and is intended for use in accordance with the provisions of any written law as a complete and separate unit for any purpose other than a residential purpose; |
| “Controller” means the Controller of Housing appointed under section 3 of the Housing Developers (Control and Licensing) Act 1965; |
“developer” means any person who, in the course of business, undertakes —| (a) | the construction of commercial property for the purpose of sale by the person; and | | (b) | the sale by the person of land which would be appurtenant to such commercial property; [Act 54 of 2018 wef 28/06/2023] |
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| “FATF” means the intergovernmental body known as the Financial Action Task Force; [Act 54 of 2018 wef 28/06/2023] |
| “FATF Recommendations” means the recommendations issued by the FATF from time to time relating to the prevention of money laundering, proliferation financing and terrorism financing; [Act 54 of 2018 wef 28/06/2023] [Act 15 of 2025 wef 01/07/2025] |
| “land” includes land of any tenure, any building or part thereof, so much of the airspace above the surface as may be reasonably used or enjoyed by any proprietor, and so much of the subterranean space below the surface as is reasonably necessary for the use and enjoyment of the land, whether or not held apart from the surface, and any estate or interest therein; |
| “lot” means a stratum which is shown as a lot on a strata title plan; |
| [Deleted by Act 15 of 2025 wef 01/07/2025] |
“money laundering, proliferation financing or terrorism financing offence” means an offence under —| (a) | sections 50 to 57 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992; | | (b) | the Terrorism (Suppression of Financing) Act 2002; | | (c) | any regulations made under the United Nations Act 2001; | | (d) | section 5A(5), 5B(5), 5C(6), 5D(2) or 5E(4) or any rules made under this Act for the prevention of money laundering, proliferation financing and terrorism financing, or for the reporting of transactions suspected of involving money laundering, proliferation financing or terrorism financing; | | (e) | section 12A(2), 12B(3), 12C(5), 12D(2), 12E(6) or 12F(2) of the Housing Developers (Control and Licensing) Act 1965 or any rules made under that Act for the prevention of money laundering, proliferation financing and terrorism financing, or for the reporting of transactions suspected of involving money laundering, proliferation financing or terrorism financing; | | (f) | any provision of any other written law relating to the prevention of money laundering, proliferation financing or terrorism financing; or | | (g) | the law of any foreign country or territory relating to the prevention of money laundering, proliferation financing or terrorism financing; [Act 15 of 2025 wef 01/07/2025] |
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| “proliferation financing” means the financing of the proliferation of weapons of mass destruction; [Act 15 of 2025 wef 01/07/2025] |
“purchaser”, in relation to a developer, means a person —| (a) | to whom the developer grants an option to purchase from the developer any commercial property in a building project undertaken by that developer; or | | (b) | who agrees to purchase from the developer any commercial property in a building project undertaken by that developer, |
| and includes a prospective purchaser; |
[Act 54 of 2018 wef 28/06/2023] |
| “Registrar of Titles” means the Registrar of Titles appointed under the Land Titles Act 1993; |
| “registered land” has the meaning given by the Land Titles (Strata) Act 1967; |
| “strata subdivision” has the meaning given by the Land Titles (Strata) Act 1967; |
| “strata title plan” means a plan of registered land showing strata subdivision of any building into 2 or more lots and contains the particulars prescribed by section 10 of the Land Titles (Strata) Act 1967; |
| “stratum” means any part of land consisting of a space of any shape below, on or above the surface of the land, or partly below and partly above the surface of the land, the dimensions of which are delineated; [Act 54 of 2018 wef 28/06/2023] |
| “substantial shareholder”, in relation to a company, has the meaning given by section 81 of the Companies Act 1967. [3/98; 11/2015] [Act 54 of 2018 wef 28/06/2023] [Act 15 of 2025 wef 01/07/2025] |
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