Document background
The Deed of Absolute Sale Condominium is a crucial legal instrument in Singapore's property market, used to formalize and execute the transfer of condominium ownership. This document is essential when completing a condominium purchase transaction, whether for new developments or resale units. It must adhere to Singapore's strict property laws, including requirements for strata-titled properties, foreign ownership restrictions, and stamp duty obligations. The deed contains comprehensive details about the property, parties involved, purchase price, payment terms, and various warranties, while ensuring compliance with the Building Maintenance and Strata Management Act and other relevant legislation.
