The Real Estate Offer To Purchase is a crucial document in Singapore's property market that serves as the initial step in property acquisition. It is used when a potential buyer wishes to formalize their interest in purchasing a property and sets out the key terms of the proposed transaction. The document must comply with Singapore's strict property regulations, including requirements under the Residential Property Act and Housing Development Act. It typically includes essential details such as property specifications, purchase price, payment schedule, and completion dates, while also addressing specific requirements for different property types (HDB, private residential, or commercial).
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1. Parties: Details of the purchaser and vendor, including identification and contact information
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property including address, lot number, and specifications
5. Purchase Price: Agreed purchase price and payment terms
6. Option Period: Duration for which the offer is valid
7. Completion Date: Proposed date for completion of the sale
1. Foreigners' Approval: Special conditions and requirements for foreign buyers, including approval from relevant authorities
2. En Bloc Sale Conditions: Special conditions relating to collective sales and associated requirements
3. Tenant Rights: Provisions relating to existing tenancy arrangements and tenant rights
1. Property Floor Plan: Detailed layout and measurements of the property
2. Inventory List: Comprehensive list of fixtures and fittings included in the sale
3. Title Documents: Copies of relevant title documents and certificates
4. Property Tax Statement: Current property tax assessment and payment status
5. Maintenance Fee Schedule: Schedule of maintenance fees for condominiums or properties with ongoing maintenance charges
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