Sale Agreement For Resale Flat for Singapore

Sale Agreement For Resale Flat Template for Singapore

A Sale Agreement for Resale Flat is a legally binding document used in Singapore for the transfer of ownership of Housing & Development Board (HDB) flats in the secondary market. This agreement is governed by Singapore law and must comply with HDB regulations, including ethnic quotas, minimum occupation periods, and eligibility criteria. The document outlines the terms and conditions of sale, purchase price, payment schedule, and obligations of both parties, while incorporating specific requirements under Singapore's public housing framework.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Sale Agreement For Resale Flat

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Sale Agreement For Resale Flat?

The Sale Agreement For Resale Flat is a crucial document in Singapore's public housing ecosystem, specifically designed for transactions involving previously owned HDB flats. This agreement is essential when transferring ownership of an HDB flat in the secondary market, ensuring compliance with Singapore's strict public housing regulations. The document incorporates HDB-specific requirements, ethnic integration policies, and eligibility conditions while protecting both parties' interests. It includes detailed provisions about the property, payment terms, CPF usage, and completion requirements, all within the framework of Singapore's Housing & Development Act and related legislation.

What sections should be included in a Sale Agreement For Resale Flat?

1. Parties: Details of seller and purchaser including their names, NRIC numbers, and current addresses

2. Background: Context of the sale including property identification and basis for the transaction

3. Definitions: Key terms used throughout the agreement including defined terms from HDB regulations

4. Property Details: Complete description of the flat including address, floor area, flat type, and lease details

5. Purchase Price: Agreed purchase price and breakdown of payment components

6. Mode of Payment: Payment schedule, methods, and timelines including option fee, deposit, and balance payment

7. Completion: Terms and conditions for completion including timeline, requirements, and handover process

8. Seller's Obligations: Responsibilities and warranties of the seller including property condition and documentation

9. Purchaser's Obligations: Responsibilities and warranties of the purchaser including financing and eligibility conditions

What sections are optional to include in a Sale Agreement For Resale Flat?

1. CPF Usage: Terms relating to the use of CPF funds for property purchase and refund obligations

2. Housing Loan: Terms relating to housing loan arrangements and mortgage requirements

3. Estate Agent Details: Information about property agents involved in the transaction including commission terms

What schedules should be included in a Sale Agreement For Resale Flat?

1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and furnishings included in the sale

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment timelines and amounts

3. Appendix A - HDB Approval Letter: Copy of HDB's approval for the resale transaction

4. Appendix B - Property Title Documents: Copies of relevant title documents and certificates

5. Appendix C - Floor Plan: Layout and dimensions of the flat with technical specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Housing and Development Act (Chapter 129): Primary legislation governing public housing in Singapore, setting out HDB's powers and functions, and regulating the resale of HDB flats

Housing and Development (Transfer of Flat) Rules: Subsidiary legislation detailing specific rules regarding the transfer of HDB flats and eligibility conditions for buyers and sellers

Residential Property Act (Chapter 274): Legislation governing restrictions on foreign ownership of residential property, particularly relevant for PR buyers

Conveyancing and Law of Property Act (Chapter 61): Act establishing general property law principles and legal requirements for property transfers in Singapore

Stamp Duties Act: Legislation governing Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) applicable to property transactions

Central Provident Fund Act: Legislation regulating the usage of CPF funds for property purchase and CPF refund requirements

COVID-19 (Temporary Measures) Act: Temporary legislation affecting property transactions during the pandemic period

Ethnic Integration Policy: HDB policy maintaining ethnic proportions in HDB estates to promote racial integration

SPR Quota Policy: HDB policy limiting the proportion of Singapore Permanent Resident households in HDB blocks and neighborhoods

Minimum Occupation Period (MOP): HDB requirement specifying the minimum period owners must occupy their flat before selling

Income Ceiling Requirements: HDB policy specifying maximum income limits for flat buyers

Resale Levy Rules: HDB policy requiring payment of resale levy for second-time buyers of subsidized flats

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Unregistered Agreement To Sell With Possession

A Singapore-compliant agreement for property sale with immediate possession rights, pending final transfer.

find out more

Software Sales Contract

A Singapore law-governed agreement for software sales and licensing, ensuring compliance with local technology and data protection regulations.

find out more

Small Business Sale Contract

A legally binding agreement for the sale and purchase of a small business in Singapore, governed by Singapore law.

find out more

Simple Home Sale Contract

A standardized contract for residential property sales in Singapore, governing the transfer of ownership between seller and buyer.

find out more

Simple Deed Of Sale Of Motor Vehicle

A legal document used in Singapore for transferring motor vehicle ownership between parties, compliant with local transport regulations.

find out more

Sales Rep Contract

A Singapore-law governed agreement defining the terms and conditions between a company and its sales representative, including commission structures and performance requirements.

find out more

Sales Commission Letter

A Singapore-compliant document establishing commission-based sales arrangements between a company and sales representative.

find out more

Sales Addendum

A Singapore-law governed document that modifies an existing sales agreement to reflect updated terms and conditions.

find out more

Sale Of Bike Agreement

A Singapore law-governed agreement documenting the sale and purchase of a motorcycle, including terms, conditions, and ownership transfer details.

find out more

Sale Deed And Construction Agreement

A Singapore-governed agreement combining property sale and construction terms, detailing transfer of ownership and building specifications.

find out more

Sale Agreement Without Possession

A Singapore-law governed agreement for the sale of goods where immediate physical possession is not transferred to the buyer.

find out more

Sale Agreement For Resale Flat

A legally binding agreement for the sale and purchase of HDB resale flats in Singapore, governed by Singapore law and HDB regulations.

find out more

Preliminary Contract Of Sale

A preliminary agreement under Singapore law establishing initial terms between buyer and seller for property transactions.

find out more

Mou Between Buyer And Seller Of Property

A preliminary agreement between property buyer and seller under Singapore law, outlining key terms of a proposed property transaction.

find out more

Motor Bike Sale Agreement

A Singapore-governed agreement for the sale and purchase of motorcycles, ensuring legal compliance with local vehicle transfer regulations.

find out more

Letter Of Intent Buying Property

A preliminary document under Singapore law expressing serious intent to purchase property and outlining basic transaction terms.

find out more

Lease Option Agreement Houses For Sale

A Singapore-compliant agreement combining property lease terms with a future purchase option at a preset price.

find out more

Land Sale Deed

A legal document transferring land ownership between parties under Singapore law.

find out more

House S&p Agreement

A legally binding agreement for residential property sale and purchase in Singapore, governed by Singapore law.

find out more

Deed Of Sale Of Shares Of Stock

A Singapore-compliant legal document for transferring share ownership between parties, including terms, warranties, and completion requirements.

find out more

Deed Of Sale Of Franchise

A Singapore-governed legal instrument that transfers franchise rights and establishes the terms of a franchise relationship between franchisor and franchisee.

find out more

Deed Of Sale And Deed Of Absolute Sale

A legal document used in Singapore for transferring property ownership from seller to buyer, governed by Singapore property law.

find out more

Contract To Sell With Spa

A Singapore-compliant legal document combining a contract to sell with a sale and purchase agreement, establishing terms for property or goods transfer.

find out more

Contract To Sell Motor Vehicle

A Singapore-compliant legal agreement for the sale and transfer of ownership of a motor vehicle between parties.

find out more

Conditional Sale Agreement Property

A Singapore-governed agreement for conditional property sale, subject to specific completion requirements.

find out more

Conditional Purchase Agreement

A Singapore law-governed agreement setting out terms for a purchase subject to specific conditions being met.

find out more

Commercial Real Estate Sales Agreement

A Singapore-law governed agreement for the sale and purchase of commercial real estate properties, ensuring legal compliance and protecting both parties' interests.

find out more

Bill Of Sale Agreement With Payments

A Singapore-compliant agreement documenting the sale of property with installment payments, including transfer of title and security arrangements.

find out more

Apartment Sale Contract

A Singapore law-governed contract for the sale and purchase of residential apartments, detailing terms of property transfer and party obligations.

find out more

Vessel Purchase And Sale Agreement

A Singapore law-governed agreement for the sale and purchase of a marine vessel, detailing transaction terms and ownership transfer requirements.

find out more

Simple Business Sale Agreement

A standardized agreement for the sale and purchase of a business under Singapore law, outlining key terms and conditions of the transaction.

find out more

Restaurant Sale Agreement

A Singapore law agreement for the sale and purchase of a restaurant business, including assets, licenses, and operational rights.

find out more

Sale Of Agreement For Land

A legally binding agreement for the sale and purchase of land in Singapore, governed by Singapore property law and regulations.

find out more

For Sale As Is Contract

A Singapore-governed contract for the sale of goods in their current condition, without warranties or guarantees.

find out more

Contract For Vehicle Sale With Payments

A Singapore-compliant contract for vehicle sale with installment payments, including ownership transfer and payment terms.

find out more

Contract To Sell House By Owner

A Singapore-compliant legal agreement for direct property sale between owner and buyer without agent involvement.

find out more

Commission Agent Agreement

A Singapore-law governed agreement establishing terms for commission-based sales representation between principal and agent.

find out more

Buy Sell Agreement For Small Business

A Singapore-law governed agreement for the sale and purchase of a small business, including terms, conditions, and transfer of ownership.

find out more

Contract Of Sale Condominium Unit

A Singapore-law governed agreement for the sale and purchase of a condominium unit, detailing terms of transfer and obligations of parties.

find out more

Patent Sale Agreement

A Singapore-law governed agreement for the sale and transfer of patent rights from one party to another, compliant with IPOS requirements.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now