For the purposes of the OECD FDIRRI, it is assumed that corporations, domestically-owned or foreign, cannot own landed property (land); foreign-owned enterprises may own or lease commercial or residential property (strata units) up to 99 years, but may not own or lease more than 70 per cent of the individual strata titles in a single property [assumed similar to a JV requirement for real estate developers].
"ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM
Sector: Land
Obligations Concerned: National Treatment (Article 9.4)
Measures: Land Code (Chapter 40), Land Acquisition (Chapter 41), Land Code (Strata) Act (Chapter 189)
Description: Investment
Subject to review and approval by the relevant committee (Komiti bagi Mempertimbangkan Permohonan Pindahmilik Strata) chaired by the Minister of Development, or his authorised representative, a foreign national or enterprise: (a) may own or lease non-landed property (strata title) for up to a maximum of: (i) 99 years where the property is situated on land which is held in perpetuity (freehold); or (ii) one day less than the term of the lease where the land held is leasehold land; and (b) may not own or lease more than 70 per cent of the individual strata titles in a single property” (ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP))
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"Insertion of new section 1A into Chapter 40
2. The Land Code in this Order referred to as the Code, is amended by inserting the following new section immediately after section 1 - 
Interpretation - 1A. In this Code, unless the context otherwise requires - [...] "non-citizen" means any person who is not a subject 'of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam; 
[...]
Insertion of new sections 3A, 3B and 3C
3. The Code is amended by inserting the following three new sections immediately after section 3 --
"Prohibition on transfer to, or purchase or acquisition by, non-citizen of land etc
3A. (1) No -- 
(a)  person shall, whether for consideration or by way of gift inter vivos or otherwise, transfer any land or any estate or interest therein to a non-citizen; (b) person shall create any trust in respect of any land or any estate or interest therein in favour of a non-citizen; and (c) non-citizen shall purchase or acquire any land or any estate or interest therein except by way of a charge, lease or sub-lease.
[...] 
(3) This section shall apply to a legal person, a statutory body \ constituted under any written law, a society registered under the Societies Act (Chapter 203) and a co-operative society registered under the Cooperative Societies Act (Chapter 84) unless such legal person, statutory body, society and co-operative society is exempted under section 4."8 (LAND CODE (AMENDMENT) ORDER, 2016).
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"Application of Land Code.
4. The Land Code (Chapter 40) and the regulations made under that Act insofar as they are not inconsistent with the provisions of this Act or of any regulations made under this Act, shall apply in all respects to land registered in any folio of the subsidiary strata land register, except that nothing in section 7, 8, subsection (4) or (5) of section 9, section 15 or 21 of the Land Code, will apply to such land.
[...]
PART II - SUBDIVISION INTO STRATUM ESTATES [...]
Effect of certification of strata plan.
9. (1) The subdivision of land so as to provide for units shall be effective upon certification of a strata plan by the Commissioner.
(2) The certification by the Commissioner of a strata plan shall have the effect of creating in each unit a stratum estate, which shall comprise — (a) an estate in the unit determinable or subject to lapse in accordance with any of the provisions of sections 54, 59, 60 and 62; and (b) the undivided share in common property to which the proprietor of the unit is entitled by virtue of section 22.
(3) Every stratum estate in a unit shall be for such term of years as shall be approved by the Commissioner but that period shall not exceed — (i) a term of 99 years from the date of certification of the strata plan by the Commissioner; or (ii) subject to subsection (2) of section 8, the remainder of the term of years for which the lot is held by the original proprietor, whichever is the lesser.
[...]
Transfer stratum estate.
10. (1) Subject to the provisions of this Act, upon the creation of a stratum estate in a unit, that estate may devolve or be transferred, leased, charged or settled in accordance with the Land Code (Chapter 40) and any transfer, lease, charge or settlement shall have the same effect as if the stratum estate were an estate under the Land Code for a term of years but none of the component parts of a stratum estate shall, except as provided in section 22, be capable of devolving or being dealt with independently of the others. 
(2) Notwithstanding anything in subsection (1), any proprietor of a unit may grant an easement over the unit in favour of any other unit or any other registered land. 
(3) No easement granted under subsection (2) shall be granted for a period in excess of the term of years of the stratum estate in the unit concerned.[...]"(Land Code (Strata), Chapter 189, as amended by LAND CODE (STRATA) ACT (AMENDMENT) ORDER, 2009)
ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Land Code (Chapter 40)
LAND CODE (AMENDMENT) ORDER, 2016
Land Code (Strata) Act (Chapter 189)
[<a href="https://www.mfat.govt.nz/assets/Trade-agreements/TPP/Annexes-ENGLISH/Annex-I.-Brunei.pdf">CPTPP</a>],[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/ACT_PDF/cap040.pdf">Code</a>],[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/Gazette_PDF/2016/EN/S037.pdf">Order</a>],[<a href="Other">Acthttps//www.agc.gov.bn/AGC%20Images/LAWS/ACT_PDF/Cap189.pdf</a>],[<a href="Other">https//docs.wto.org/dol2fe/Pages/FE_Search/FE_S_S006.aspx?Query=((%20@Title=%20brunei%20darussalam)%20or%20(@CountryConcerned=%20brunei%20darussalam))%20and%20(%20(%20@Symbol=%20wt/tpr/s/*%20)%20or%20(%20@Symbol=%20wt/tpr/m/*%20not%20add*)%20or%20(%20@Symbol=%20wt/tpr/m/*%20and%20add*))&Language=ENGLISH&Context=FomerScriptedSearch&languageUIChanged=true#</a>],[<a href="">http//www.jll.com/investmentguide/uploads/attachments/pig2016-brunei-v5.pdf?jllsites</a>]