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Real Property Sales Contract Template for Singapore

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Key Requirements PROMPT example:

Real Property Sales Contract

"I need a Real Property Sales Contract for a private residential property sale in Singapore, with completion scheduled for March 2025, including provisions for an existing tenant and mortgage discharge requirements."

Document background
The Real Property Sales Contract is a fundamental document used in Singapore property transactions to formalize the sale and purchase of real estate. This contract is essential when transferring property ownership and must adhere to Singapore's comprehensive property legislation. It includes crucial details about the property, parties involved, purchase price, payment terms, completion dates, and various conditions precedent. The document needs to comply with specific requirements under Singapore law, including provisions related to stamp duties, foreign ownership restrictions (if applicable), and HDB regulations (for public housing). It serves as the primary reference document throughout the conveyancing process and forms the basis for property transfer registration with the Singapore Land Authority.
Suggested Sections

1. Parties: Details of the vendor and purchaser, including full legal names, identification numbers, and addresses

2. Background: Context of the sale, basic property details, and intention of parties to enter into the transaction

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Property Description: Detailed description of the property including lot number, boundaries, floor area, and included fixtures

5. Purchase Price: Sale price, payment terms, deposit requirements, and method of payment

6. Completion: Timeline, conditions for completion, and completion procedures

7. Title and Transfer: Provisions regarding clean title, transfer process, and registration requirements

8. Representations and Warranties: Standard warranties from both parties regarding ownership, capacity to sell/buy, and property condition

Optional Sections

1. Foreign Ownership Provisions: Special provisions required when purchaser is foreign, including approval requirements under Residential Property Act

2. HDB Compliance: Special provisions for HDB properties including ethnic quota compliance and eligibility requirements

3. Tenant Provisions: Provisions dealing with existing tenancy arrangements and handover conditions

4. Mortgage Discharge: Provisions for clearing existing mortgage and coordination with current mortgagee

Suggested Schedules

1. Property Details Schedule: Detailed property specifications, floor plans, and boundary plans

2. Inventory Schedule: Comprehensive list of included fixtures, fittings, and furnishings

3. Title Documents Schedule: Copies of relevant title documents and land searches

4. Payment Schedule: Detailed breakdown of payment terms, timeline, and milestone payments

5. Tenancy Documents Schedule: Current lease agreements and tenant information where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including specific requirements for contracts relating to land

Land Titles Act (Cap. 157): Regulates the registration of land titles, transfer of property ownership, and management of caveats and encumbrances

Residential Property Act (Cap. 274): Controls and restricts foreign ownership of residential property in Singapore, including specific requirements for foreign buyers

Housing and Development Act (Cap. 129): Governs HDB property transactions, including eligibility conditions, restrictions, and Ethnic Integration Policy requirements

Conveyancing and Law of Property Act (Cap. 61): Establishes rules regarding property transactions and legal requirements for property transfer

Stamp Duties Act (Cap. 312): Regulates various property-related duties including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

Planning Act (Cap. 232): Controls land use restrictions and zoning requirements for properties

Building Control Act (Cap. 29): Sets standards for building safety, maintenance requirements, and renovation/construction restrictions

Environmental Public Health Act (Cap. 95): Establishes property maintenance requirements and health and safety standards

COVID-19 (Temporary Measures) Act 2020: Implements temporary measures affecting property transactions during the pandemic period

Real Estate Developers' Rules: Guidelines and regulations specific to property development and sales by developers

Singapore Law Society's Conditions of Sale: Standard conditions governing property sales transactions in Singapore

Property Transaction Case Law: Relevant judicial decisions and precedents affecting property transactions in Singapore

MAS Guidelines: Monetary Authority of Singapore guidelines relating to property financing and transactions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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