The Deed of Sale of Real Property is a crucial legal instrument in Singapore's property market, used to formalize and execute the transfer of real estate ownership. This document is essential for both private and public housing transactions, incorporating specific requirements under Singapore law including the Land Titles Act, Residential Property Act, and where applicable, the Housing and Development Act. The deed must detail the property specifications, purchase price, payment terms, and include necessary declarations particularly for foreign buyers or HDB properties. It serves as the primary evidence of property transfer and must be registered with the Singapore Land Authority.
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Key Requirements PROMPT example:
Deed Of Sale Of Real Property
"I need a Deed of Sale of Real Property for a freehold residential property in Singapore's District 10, with the sale price of SGD 3.5 million, and completion date set for March 15, 2025, including special provisions for the existing tenant's lease agreement."
1. Parties: Identification and details of vendor and purchaser
2. Background: Context of the sale and property ownership history
3. Definitions: Key terms used tHRoughout the deed
4. Property Description: Detailed description of the property including lot number, address, and bouNDAries
5. Purchase Price: Agreed price and payment terms
6. Title and Ownership: Warranties regarding clear title and ownership
7. Completion: Completion date and obligations
8. Execution: Signing requirements and witness details
1. Foreign Ownership Declaration: Required when purchaser is foreign - includes declarations and undertakings under Residential Property Act
2. HDB Compliance: HDB-specific requirements, declarations and ethnic integration policy compliance - required for HDB property transactions
3. Tenant Rights: Existing tenancy details and obligations - required when property is subject to existing tenancy
4. En Bloc Provisions: Details of collective sale agreements - required for properties under collective sale consideration
1. Property Schedule: Detailed property specifications and floor plans
2. Title Documents: Copies of relevant title documents and searches
3. Inventory List: List of fixtures and fittings included in sale
4. Payment Schedule: Detailed breakdown of payment terms and installments
5. Due Diligence Reports: Property inspection and valuation reports
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