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Contract Of Sale Condominium Unit
"Need a Contract of Sale Condominium Unit for a newly-built luxury unit at Marina Bay, Singapore, with completion scheduled for March 2025, including provisions for progressive payment scheme and defects liability period."
1. Parties: Details of the vendor and purchaser, including identification and contact information
2. Background: Context of the sale, including property details and transaction basis
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the condominium unit, including unit number, floor area, and share value
5. Purchase Price: Agreement on purchase price and payment schedule
6. Payment Terms: Details of payment method, installments, and completion date
7. Completion: Requirements and procedures for completion of sale
8. Title and Transfer: Provisions regarding transfer of title and ownership
1. Foreign Ownership: Required when purchaser is foreign buyer - includes specific provisions and requirements under the Residential Property Act
2. Mortgage Provisions: Terms related to mortgage financing, including conditions precedent and bank requirements
3. En Bloc Provisions: Terms related to collective sale possibilities and implications for the transaction
4. Tenancy Provisions: Terms relating to existing tenancy, including handover conditions and tenant rights
1. Property Schedule: Detailed description of property including floor plans and specifications
2. Payment Schedule: Breakdown of payment installments and due dates
3. Inventory List: List of fixtures, fittings, and furnishings included in sale
4. Strata Title Documents: Copy of strata title and related documents
5. Due Diligence Documents: Property tax statements, maintenance fee records, and other relevant documents
6. Certificates: TOP, CSC, and other relevant certificates
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