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The Property Purchase Agreement serves as the primary legal instrument for real estate transactions in Singapore. It is essential when transferring property ownership, whether for residential or commercial properties, and must comply with Singapore's comprehensive property legislation. This agreement includes crucial details such as property specifications, purchase price, payment schedule, completion dates, and both parties' obligations. The document ensures compliance with Singapore's strict property regulations, including foreign ownership restrictions, stamp duties, and specific requirements for different property types (HDB, private residential, commercial). A Property Purchase Agreement must be carefully drafted to protect both parties' interests and ensure a smooth property transfer process.
