Sale and Purchase Agreement Template for Singapore

A Sale and Purchase Agreement forms the legal backbone of property transactions in Singapore, spelling out the exact terms under which a seller transfers ownership to a buyer. This binding contract covers everything from the agreed price and payment schedule to the property's condition and handover timeline.

For private properties and HDB resale flats, the agreement must follow guidelines set by the Singapore Law Society and the Housing Development Board respectively. It protects both parties by clearly stating their rights and obligations, including key details about property defects, maintenance fees, and completion dates. Most buyers and sellers sign this crucial document after exercising the Option to Purchase.

Use a Sale and Purchase Agreement when buying or selling any significant property in Singapore, from private condos to HDB flats. The agreement becomes essential right after the Option to Purchase is exercised and before any money changes hands. For HDB transactions, this happens during the resale completion appointment.

Time is critical - the agreement needs to be in place before making the deposit payment or proceeding with bank loans. Most property lawyers in Singapore recommend finalizing it within 14 days of exercising the Option to Purchase. This protects both parties and ensures compliance with regulations from the Singapore Land Authority and HDB.

• Real Estate Sales Agreement: Standard template for private residential properties, covering payment terms, title transfer, and property handover conditions
• Agreement Of Purchase And Sale Condominium: Specialized for condo transactions, including maintenance fees, shared facilities, and management corporation rules
• Commercial Real Estate Purchase Contract: Tailored for business properties with added clauses for tenant rights, zoning requirements, and commercial use restrictions
• Contract To Sell A Vehicle: Simplified version for vehicle transfers, focusing on registration, ownership transfer, and mechanical condition warranties

• Property Buyers and Sellers: The main parties who sign the Sale and Purchase Agreement, committing to the transaction terms and conditions
• Property Lawyers: Draft and review the agreement, ensure legal compliance, and handle the conveyancing process
• Real Estate Agents: Facilitate negotiations and help clients understand key terms before signing
• Banks/Financial Institutions: Review the agreement when processing mortgage loans and ensuring proper security interests
• HDB Officers: For public housing transactions, verify agreement compliance with HDB regulations and policies
• Property Developers: Use standardized agreements when selling new developments to individual buyers

• Property Details: Gather exact address, unit number, floor area, and property type from INLIS or HDB records
• Party Information: Collect full legal names, NRIC numbers, and contact details of all buyers and sellers
• Financial Terms: Document purchase price, payment schedule, and deposit amount
• Timeline Planning: Set key dates for deposit payment, completion, and property handover
• Property Status: Check for outstanding loans, tax payments, and maintenance fees
• Special Conditions: List included fixtures, renovation requirements, or specific terms agreed between parties
• Document Generation: Use our platform to create a customized, legally-compliant agreement that includes all mandatory elements

• Party Details: Full legal names, identification numbers, and addresses of all buyers and sellers
• Property Description: Exact address, unit number, lot details, and property boundaries from official records
• Purchase Terms: Price, payment schedule, deposit amount, and completion date
• Title Warranties: Seller's guarantee of clear ownership and disclosure of encumbrances
• Completion Terms: Handover conditions, key collection, and property inspection requirements
• Default Provisions: Consequences and remedies for breach of contract by either party
• Governing Law: Explicit statement that Singapore law applies and jurisdiction details
• Execution Block: Signature spaces with witness provisions as required by Singapore law

While both documents deal with property transactions, a Sale and Purchase Agreement differs significantly from a Share Purchase Agreement in several key aspects. Understanding these differences helps you choose the right document for your transaction.

• Subject Matter: Sale and Purchase Agreements deal with physical property transfers (land, buildings, units), while Share Purchase Agreements cover company ownership transfers through share sales
• Legal Requirements: Property agreements must comply with Singapore Land Authority and HDB regulations, whereas share transfers follow Companies Act requirements
• Due Diligence Scope: Property agreements focus on title searches and physical inspections, while share agreements require company financial and legal verification
• Completion Process: Property transfers involve physical handover and title registration, but share transfers require updating company registers and notifying ACRA