The Real Estate Offer Form is a crucial document in Singapore's property market that initiates the formal purchase process. It is used when a prospective buyer wishes to submit a formal offer to purchase a property, whether residential, commercial, or industrial. The form includes key information such as property details, offer price, payment terms, conditions, and buyer/seller information. It must comply with Singapore's property laws, including the Residential Property Act and CEA guidelines. Once accepted, this offer typically leads to the issuance of an Option to Purchase.
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Key Requirements PROMPT example:
Real Estate Offer Form
"I need a Real Estate Offer Form for a three-bedroom HDB flat in Tampines, with an offer price of SGD 750,000 and a requested option period of 21 days, planning to complete the purchase by March 2025."
1. Property Details: Complete description of the property including address, land title particulars, floor area, and property type
2. Purchase Price: Stated purchase price, payment terms, and option fee details
3. Buyer Information: Complete buyer details including citizenship status, contact information, and identification details
4. Seller Information: Complete seller details, ownership confirmation, and contact information
5. Option Terms: Option fee amount, option period duration, and exercise conditions
1. Conditional Clauses: Used when offer is subject to specific conditions such as loan approval or sale of existing property
2. En Bloc Provisions: Required for properties under potential collective sale agreements
3. Tenancy Details: Include if property is currently tenanted, including existing lease terms and conditions
1. Floor Plan: Detailed layout of the property including dimensions and built-up area
2. Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
3. Title Search: Recent title search showing encumbrances, restrictions, and ownership history
4. Property Tax Statement: Current property tax assessment and payment status
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