Document background
A Bargain Sale Deed is utilized in Singapore when transferring real property at less than fair market value, common in charitable donations or family transfers. It serves a dual purpose: part sale and part gift, allowing the seller to receive some consideration while still conferring a benefit on the buyer. The deed must comply with Singapore's strict property law requirements, including proper execution, witnessing, and registration with relevant authorities. This document type is particularly relevant when organizations or individuals wish to make a partial charitable contribution while still receiving some payment, or in family arrangements where property is transferred at a discount.
