(1) The Head of the Physical Planning and Development Division, as a condition attached to a permission to undertake the development of land, may require the developer to provide as part of the development programme, land which shall be reserved for public recreation or as an open space.
(2) Where the Head of the Physical Planning and Development Division requires land to be reserved for public recreation in accordance with subsection (1), that land shall, upon payment of adequate compensation in accordance with Part V to the owners of that land and subject to subsection (3), be vested in the Crown.
(3) Property shall not vest in the Crown unless a vesting order is published in the Gazette.
(4) No completion certificate shall be issued under section 28(4) in respect of any development where land is to be vested in the Crown, until the Crown is registered as owner of the land.
(5) The Crown may, with the approval of Cabinet place land vested in the Crown under subsection (2), under the management of a statutory undertaker in order to ensure the preservation of the land for the purpose for which it was reserved.