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Residential Sale Contract Template for Singapore

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Key Requirements PROMPT example:

Residential Sale Contract

"I need a Residential Sale Contract for a 3-bedroom condominium unit in Singapore, with a completion date of March 15, 2025, including specific provisions for existing tenant rights and en bloc potential."

Document background
The Residential Sale Contract is a fundamental legal document used in Singapore's property market for transferring residential property ownership. It serves as the primary agreement between buyers and sellers, incorporating all essential terms of the sale, including property details, price, payment schedule, and completion requirements. The contract must comply with Singapore's comprehensive property legislation, including foreign ownership restrictions, stamp duty requirements, and specific provisions for different property types (such as HDB flats or private properties). This document is crucial for ensuring legal protection for all parties and maintaining compliance with Singapore's strict property transaction regulations.
Suggested Sections

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

2. Background: Context of the sale transaction and brief property overview

3. Definitions: Key terms and their meanings used throughout the agreement

4. Property Description: Detailed description of the property including address, lot number, strata title details if applicable

5. Purchase Price: Agreed purchase price, payment structure, and deposit requirements

6. Completion: Terms and timing of completion, including conditions precedent

7. Title and Transfer: Provisions regarding property title transfer and registration requirements

8. Warranties: Vendor's warranties about the property condition and legal status

Optional Sections

1. Financing Conditions: Terms related to mortgage financing and loan approval conditions

2. Property Inspection: Terms for property inspection rights and defect resolution

3. Tenant Rights: Provisions regarding existing tenancy and handover conditions

4. En Bloc Provisions: Terms related to potential collective sale scenarios

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property specifications, boundaries, and included fixtures

2. Schedule 2 - Payment Schedule: Breakdown of payment installments, amounts, and due dates

3. Schedule 3 - Title Documents: Copies of relevant title documents and certificates

4. Schedule 4 - Property Plans: Floor plans, property boundaries, and relevant drawings

5. Schedule 5 - Inventory List: Detailed list of included furnishings and fittings if 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



































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Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations between parties in Singapore property transactions

Sale of Property Act: Core legislation that regulates property transactions and sets out the basic framework for property sales in Singapore

Housing and Development Act: Legislation governing public housing (HDB) transactions, including eligibility criteria for buyers and specific rules for public housing

Residential Property Act (Cap. 274): Regulates foreign ownership of residential property in Singapore, including restrictions and special requirements for foreign buyers

Land Titles Act (Cap. 157): Establishes the land title system and property registration requirements in Singapore

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

Real Estate Developers Rules: Regulations specific to properties under development, governing developer obligations and buyer protections

COVID-19 (Temporary Measures) Act 2020: Temporary legislation that may affect certain contractual obligations related to property transactions during the pandemic period

Singapore Law Society's Conditions of Sale: Standard contract terms and conditions established by the Law Society for property sales in Singapore

Singapore Land Authority (SLA): Key regulatory body overseeing land ownership and registration in Singapore

Urban Redevelopment Authority (URA): Regulatory body responsible for land use planning and conservation in Singapore

Housing Development Board (HDB): Statutory board responsible for public housing development and regulation in Singapore

Council for Estate Agencies (CEA): Regulatory body for real estate agencies and agents in Singapore

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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