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Residential Real Estate Purchase Agreement for Singapore

Residential Real Estate Purchase Agreement Template for Singapore

A legally binding agreement governed by Singapore law that outlines the terms and conditions for the purchase and sale of residential property in Singapore. The document complies with Singapore's property laws, including the Housing and Development Act, Residential Property Act, and relevant URA guidelines. It details the rights and obligations of both buyer and seller, purchase price, payment terms, completion requirements, and property transfer conditions.

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Residential Real Estate Purchase Agreement

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What is a Residential Real Estate Purchase Agreement?

The Residential Real Estate Purchase Agreement is a fundamental legal document used in Singapore property transactions. It is essential when transferring ownership of residential properties, whether private or public housing (HDB). The agreement ensures compliance with Singapore's strict property regulations, including foreign ownership restrictions, stamp duty requirements, and housing policies. It encompasses all crucial aspects of the transaction, from property details and purchase price to completion timeline and handover conditions. This document is particularly important given Singapore's unique property landscape and regulatory framework.

What sections should be included in a Residential Real Estate Purchase Agreement?

1. Parties: Identification and details of buyer and seller including full names, identification numbers, and addresses

2. Background: Context of the transaction and brief property details

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

4. Sale and Purchase: Core terms including purchase price, payment schedule, and deposit requirements

5. Property Details: Comprehensive description of the property including address, land area, floor area, and boundaries

6. Purchase Price and Payment Terms: Detailed breakdown of payment structure, timeline, and method of payment

7. Completion: Timeline, requirements, and process for completion of the sale

8. Title and Transfer: Provisions regarding property title transfer and seller's obligations

9. Representations and Warranties: Statements of fact and promises by both parties regarding the property and transaction

10. Taxes and Fees: Allocation of stamp duties, legal fees, and other transaction costs

11. Default and Termination: Consequences of breach and termination rights for both parties

12. General Provisions: Standard clauses including notices, governing law, and dispute resolution

What sections are optional to include in a Residential Real Estate Purchase Agreement?

1. Conditions Precedent: Specific conditions that must be met before completion, such as regulatory approvals or financing

2. Tenancy Provisions: Terms relating to existing tenancies, if the property is currently leased

3. En Bloc Provisions: Provisions relating to potential collective sale scenarios

4. Property Management: Terms regarding maintenance fees, sinking fund, and management corporation matters for condominiums

5. HDB-Specific Provisions: Special terms applicable to HDB properties including ethnic quota and minimum occupation period

What schedules should be included in a Residential Real Estate Purchase Agreement?

1. Schedule 1 - Property Details: Detailed property description including floor plan and boundaries

2. Schedule 2 - Inventory List: List of fixtures, fittings, and furnishings included in the sale

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment milestones and amounts

4. Schedule 4 - Form of Transfer: Standard property transfer documentation

5. Schedule 5 - Title Documents: Copies of relevant title documents and certificates

6. Schedule 6 - Existing Tenancy Agreements: Copies of current tenant contracts if applicable

Authors

Alex Denne

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

Jurisdiction

Singapore

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions








































Clauses






































Industries

Housing and Development Act: Primary legislation governing public housing (HDB properties) in Singapore, including regulations for purchase, sale, and ownership of public housing

Residential Property Act: Controls and regulates the purchase and ownership of private residential properties by foreign persons and entities in Singapore

Civil Law Act: Fundamental legislation governing contractual relationships and civil matters in Singapore

Conveyancing and Law of Property Act: Regulates the transfer of property rights and interests, and establishes legal framework for property transactions

Land Titles Act: Governs the registration and transfer of land titles in Singapore, establishing the land titles system

Planning Act: Controls land use and property development in Singapore, including zoning regulations

HDB Rules and Regulations: Specific rules governing HDB property transactions, including eligibility criteria and resale procedures

URA Guidelines: Urban Redevelopment Authority guidelines for property development and usage

SLA Requirements: Singapore Land Authority requirements for property boundaries, surveys, and land registration

CEA Guidelines: Council for Estate Agencies guidelines for property transactions and real estate agency practices

Stamp Duties Act: Governs stamp duty obligations including Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD)

COVID-19 (Temporary Measures) Act: Temporary legislation affecting property transactions during the pandemic period

TDSR Framework: Total Debt Servicing Ratio framework set by MAS to ensure property buyers borrow within their means

LTV Limits: Loan-to-Value limits established by Monetary Authority of Singapore for property financing

Law Society's Conditions of Sale: Standard conditions of sale prescribed by the Singapore Law Society for property transactions

Conveyancing Practice Directions: Professional guidelines for lawyers handling property transactions in Singapore

Singapore Academy of Law Guidelines: Professional guidelines and best practices for legal practitioners in property 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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