(1)  If an area of land that has vested in the Director of Housing under section 16 has not, within 10 years after the area of land became housing supply land –

(a) been transferred to another person under the Homes Act 1935 ; or

(b) been used or developed for the purposes of residential housing, which purposes may include –

(i) a use or development, of part of the land, that is necessary or appropriate for the purposes of a subdivision of the area of land for residential purposes; and

(ii) a use or development, of part of the land, the zoning of which part remained the same when the zoning of other parts of the area of land was altered under a housing land supply order –

the Minister may issue a notice under subsection (2) transferring the area of land from the Director of Housing to the Crown.

(2)  The Minister, if permitted to do so under subsection (1) , may, by notice in the Gazette , transfer from the Director of Housing to the Crown an area of land specified in the order.

(3)  On the day on which a notice under subsection (2) appears in the Gazette , or a later day specified in the notice, the area of land specified in the notice is transferred to the Crown.