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A Contract to Sell serves as a binding agreement where a seller commits to transfer property ownership to a buyer at a future date, typically once specific conditions are met. Under Singapore law, this differs from a Sale and Purchase Agreement because the actual transfer of property rights happens later, even though both parties are already legally bound.

This arrangement is common in Singapore's property market, especially for new developments where construction is ongoing. The seller maintains ownership until the buyer fulfills all conditions, usually including full payment, obtaining necessary approvals, or completing loan documentation. If either party fails to meet their obligations, they may face legal consequences under the Singapore Contract Law.

Use a Contract to Sell when dealing with property transactions that need staged completion, especially in Singapore's new launch condominium market. This agreement helps protect both parties during the gap between initial commitment and final property handover, particularly when the property is still under construction or financing arrangements are pending.

It's particularly valuable for developers selling units in upcoming projects, buyers who need time to secure bank loans, or transactions involving properties that require regulatory approval before transfer. The contract locks in the sale terms while giving everyone time to fulfill their obligations, from obtaining URA clearances to arranging mortgage documentation.

• Bill Of Sale Contract: A simplified version of a Contract to Sell used mainly for movable property and goods, featuring immediate transfer terms and payment conditions. This variation is common in Singapore's retail and commercial sectors, particularly for business asset sales, vehicle transfers, and equipment purchases.
• Development Property Contract: Used specifically for uncompleted properties, including detailed construction milestones, progressive payment schedules, and defect liability provisions.
• Resale Property Contract: Tailored for completed properties, featuring shorter completion timeframes and specific clauses about property condition and existing tenancies.

• Property Developers: Issue Contracts to Sell for new launch projects in Singapore, using them to secure buyer commitments before construction completion and TOP certification.
• Real Estate Agents: Facilitate the contract process between buyers and sellers, ensuring compliance with CEA guidelines and proper documentation.
• Property Buyers: Enter these agreements when purchasing uncompleted properties or when staged completion is needed, often working with banks for financing.
• Legal Professionals: Draft and review contracts, ensuring compliance with Singapore's property laws and protecting client interests.
• Banks and Financial Institutions: Review these contracts when processing property loans and mortgages.

• Property Details: Gather complete property information including address, lot number, and floor plan for HDB or private property.
• Party Information: Collect full legal names, NRIC/FIN numbers, and contact details of all buyers and sellers.
• Payment Terms: Document the purchase price, payment schedule, and any Option fees or deposits required.
• Conditions: List all prerequisites like URA approval, bank loan confirmation, or completion milestones.
• Timeline Details: Specify key dates for payment, property completion, and handover.
• Supporting Documents: Prepare property title, floor plans, and any necessary certificates or approvals.

• Party Details: Full legal names, addresses, and identification numbers of seller and buyer, with signing capacity clearly stated.
• Property Description: Detailed description of the property including address, lot number, floor area, and boundaries.
• Consideration Clause: Purchase price, payment terms, and schedule of installments under Singapore's property transaction rules.
• Conditions Precedent: Specific requirements before completion, including regulatory approvals and financing conditions.
• Completion Terms: Timeline for property handover, documentation requirements, and transfer procedures.
• Default Provisions: Consequences of breach and remedies available under Singapore contract law.
• Governing Law: Clear statement that Singapore law governs the agreement.

A Contract to Sell differs significantly from a Real Estate Sale Contract in several key aspects under Singapore law. While both deal with property transactions, their timing, legal effects, and conditions vary considerably.

• Transfer of Ownership: A Contract to Sell only promises future transfer once conditions are met, while a Real Estate Sale Contract transfers ownership immediately upon signing.
• Payment Structure: Contract to Sell typically involves installment payments or conditions precedent, whereas Real Estate Sale Contracts often require full payment at completion.
• Legal Rights: Under a Contract to Sell, the seller retains title until all conditions are fulfilled; Real Estate Sale Contracts immediately vest property rights in the buyer.
• Risk Transfer: In a Real Estate Sale Contract, property risk passes to the buyer upon signing, while Contract to Sell keeps risk with the seller until completion.