The Letter of Interest to Purchase Property serves as an initial step in Singapore's property acquisition process. It is typically used when a potential buyer wants to formally express their interest in a property before proceeding with a binding contract. This document helps establish preliminary negotiations and demonstrates the buyer's serious intent while protecting both parties' interests. It includes key information such as property details, proposed purchase price, and basic terms, while adhering to Singapore's property regulations and ownership restrictions. The letter is particularly important in Singapore's competitive property market, where clear documentation of intent is valued.
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1. Sender's Information: Full name, address, and contact details of the interested buyer
2. Date: Current date of the letter
3. Recipient's Information: Property owner's or agent's full name, address, and contact details
4. Subject Line: Clear declaration of interest in specific property
5. Property Details: Complete address and description of the property of interest
6. Expression of Interest: Formal statement declaring interest in purchasing the property
7. Proposed Purchase Price: Indicative offer price or price range for the property
8. Basic Terms: Outline of fuNDAmental terms and conditions of the proposed purchase
9. Due Diligence Request: Request for access to necessary documentation and information
10. Timeline: Proposed timeline for response and next steps
11. Non-Binding Statement: Clear statement that this is not a binding offer
12. Confidentiality Statement: Declaration of confidentiality regarding the proposed transaction
13. Contact Information: Details for further discussion and communication
14. Closing and Signature: Formal closing, name and signature of the interested buyer
1. Financing Information: Details about funding arrangements, including pre-approved financing status
2. Specific Conditions: Special requirements or contingencies affecting the purchase
3. Property Inspection Details: Specific requirements and proposed timing for property viewing/inspection
1. Proof of Funds: Bank statements or financing pre-approval documentation
2. Corporate Documents: Company registration documents and relevant corporate authorizations for corporate buyers
3. Buyer's Profile: Background information about the buyer, including relevant experience and credentials
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