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Letter Of Intent To Purchase Residential Property
"I need a Letter of Intent to Purchase Residential Property for a three-bedroom condominium in Singapore's District 10, with a purchase price of SGD 2.8 million and a planned completion date of March 2025, including specific conditions about property inspection and financing approval."
1. Property Details: Complete description of the subject property including address, lot number, and property type
2. Purchase Price: Statement of the proposed purchase price and initial payment terms
3. Expression of Intent: Clear statement of intention to purchase the property subject to conditions
4. Deposit Details: Amount of earnest deposit, payment timeline, and handling conditions
5. Due Diligence Period: Specified timeframe for conducting property investigations and title searches
6. Timeline: Proposed timeline for key milestones including option issuance and completion
1. Financing Conditions: Include when purchase is subject to obtaining mortgage financing approval
2. Foreign Ownership Approval: Include when buyer is a foreign person requiring Land Dealings Unit approval
3. HDB Eligibility: Include for HDB properties to confirm buyer meets eligibility criteria
4. Property Inspection: Include when specific property inspection rights are requested
5. Exclusivity Period: Include when requesting exclusive negotiating rights for a specified period
1. Property Details Schedule: Detailed property information including floor plan and specifications
2. Proof of Funds: Evidence of buyer's financial capability to complete the purchase
3. Preliminary Title Search: Results of initial title search if already conducted
4. Buyer's Identification: Copies of identification documents and relevant status proof
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