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Apartment Sale Contract Template for Singapore

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Key Requirements PROMPT example:

Apartment Sale Contract

"Need an Apartment Sale Contract for a private condominium unit in Singapore, with completion scheduled for March 2025, including specific provisions for CPF usage and en bloc potential."

Document background
The Apartment Sale Contract is a fundamental legal document used in Singapore's real estate transactions for transferring ownership of residential properties. This contract type is essential for both public housing (HDB) and private property transactions, incorporating specific requirements under Singapore law including stamp duty obligations, CPF usage rules, and foreign ownership restrictions where applicable. The document serves as a comprehensive agreement detailing property specifications, payment terms, warranties, and completion requirements, while ensuring compliance with Singapore's property regulations and conveyancing practices.
Suggested Sections

1. Parties: Details of the seller and purchaser including full names, identification numbers, and addresses

2. Background: Context of the sale and brief property details including transaction rationale

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Property Description: Detailed description of the property including address, unit number, floor area, and specifications

5. Purchase Price: Sale price, payment structure, deposit requirements and payment milestones

6. Completion: Timeline, completion date, conditions precedent, and completion procedures

7. Title and Transfer: Provisions regarding property title transfer, including warranties of title and encumbrances

8. Representations and Warranties: Seller's and buyer's warranties regarding property condition, ownership, and authority to sell/buy

Optional Sections

1. CPF Usage: Terms and conditions related to the use of CPF funds for property purchase

2. Mortgage Provisions: Terms relating to property financing including mortgage requirements and conditions

3. En Bloc Provisions: Terms relating to collective sale agreements and procedures

4. Tenant Provisions: Terms relating to existing tenancy if property is sold with sitting tenants

5. Renovation Works: Terms relating to ongoing or planned renovation works

Suggested Schedules

1. Schedule 1 - Property Floor Plan: Detailed floor plan of the apartment including measurements and layout

2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale

3. Schedule 3 - Title Documents: Copies of relevant title documents and certificates

4. Schedule 4 - Payment Schedule: Detailed breakdown of payment installments and due dates

5. Schedule 5 - Defects List: Itemized list of existing defects acknowledged by both parties

6. Schedule 6 - Property Tax and Maintenance Fees: Details of outstanding property tax, maintenance fees, and other charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses






























Industries

Housing and Development Act: Primary legislation governing public housing (HDB flats) in Singapore, including regulations for sale, purchase, and ownership

Building Maintenance and Strata Management Act: Legislation governing management and maintenance of private condominiums and strata-titled properties

Residential Property Act: Regulates the purchase of residential properties by foreign persons and entities in Singapore

Sale of Goods Act: General legislation governing contracts for the sale of goods, which can be relevant to property transactions

Property Law Act: Fundamental legislation governing property rights and transactions in Singapore

Conveyancing and Law of Property Act: Regulates the legal aspects of property transfer and real estate transactions

CPF Rules: Regulations governing the use of Central Provident Fund savings for property purchases

Stamp Duties Act: Legislation governing various property-related duties including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

Planning Act: Controls the development of land and property use in Singapore

Land Titles Act: Governs the registration and transfer of land titles in Singapore

Executive Condominium Housing Scheme Act: Specific legislation governing Executive Condominiums (ECs) in Singapore

Environmental Public Health Act: Regulates environmental and public health aspects that may affect property transactions

Fire Safety Act: Stipulates fire safety requirements for residential properties

URA Regulations: Urban Redevelopment Authority guidelines and regulations for property development and use

HDB Regulations: Housing & Development Board specific rules and guidelines for public housing transactions

SLA Requirements: Singapore Land Authority requirements for land ownership and registration

CEA Guidelines: Council for Estate Agencies regulations governing property transactions and real estate agencies

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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