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Vacant Land Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Vacant Land Purchase Agreement

"Need a Vacant Land Purchase Agreement for acquiring a 5,000 square meter industrial plot in Jurong, Singapore, with specific conditions for future warehouse development and environmental compliance requirements, planned for completion in March 2025."

Document background
The Vacant Land Purchase Agreement serves as the primary legal instrument for transferring ownership of undeveloped land in Singapore. This document is essential when parties wish to transact vacant land, whether for development, investment, or other purposes. It incorporates Singapore's strict regulatory requirements, including URA zoning restrictions, development controls, and foreign ownership limitations. The agreement typically includes detailed property descriptions, survey plans, title information, and specific conditions related to land use and development potential. It's particularly important in Singapore's highly regulated property market, where land use and development are strictly controlled.
Suggested Sections

1. Parties: Identification and details of buyer and seller

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the land including boundaries and title particulars

5. Purchase Price: Amount and payment terms

6. Conditions Precedent: Requirements to be met before completion

7. Completion: Process and requirements for closing the transaction

8. Representations and Warranties: Standard assurances from both parties

9. Default and Termination: Consequences of breach and termination rights

Optional Sections

1. Development Conditions: Specific requirements if land is intended for development - include when land is purchased for development purposes

2. Environmental Conditions: Environmental warranties and obligations - include when environmental concerns exist

3. Planning Permissions: Existing or required planning approvals - include when specific planning permissions are relevant

4. Foreign Ownership Approval: Requirements for foreign buyer approval - include when buyer is foreign entity/person

Suggested Schedules

1. Property Plan: Detailed survey plan of the land

2. Title Documents: Copies of relevant title documents

3. Payment Schedule: Detailed breakdown of payment terms and timeline

4. Planning Permissions: Copies of existing planning permissions

5. Environmental Reports: Any relevant environmental assessment reports

6. URA Requirements: Specific requirements from Urban Redevelopment Authority

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

Land Titles Act (Chapter 157): Primary legislation governing the registration and transfer of land titles under the Torrens system in Singapore. Essential for establishing ownership rights and transfer procedures.

Residential Property Act (Chapter 274): Legislation that restricts and regulates foreign ownership of residential properties and vacant land in Singapore, determining eligible purchasers.

Planning Act (Chapter 232): Controls land use, development, and zoning requirements. Includes Master Plan considerations and development restrictions for vacant land.

Conveyancing and Law of Property Act (Chapter 61): Governs property transactions and establishes legal requirements for property transfers in Singapore.

State Lands Act (Chapter 314): Regulates matters relating to state land, including acquisition and management procedures.

Singapore Land Authority Regulations: Administrative requirements for land lots and surveys, established by the primary land management authority.

Urban Redevelopment Authority Guidelines: Development control regulations including plot ratio restrictions and land use zoning requirements for vacant land.

Environmental Public Health Act: Environmental protection requirements and regulations regarding land contamination issues that must be considered in land transactions.

Building Control Act: Regulations concerning future development possibilities and building restrictions that affect vacant land value and use.

Stamp Duties Act: Governs various property transaction taxes including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD).

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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