Unit Purchase Agreement for Singapore

Unit Purchase Agreement Template for Singapore

A Unit Purchase Agreement under Singapore law is a legally binding document that outlines the terms and conditions for the sale and purchase of a specific unit, whether residential, commercial, or industrial. This agreement is governed by Singapore's property and contract laws, including the Sale of Goods Act and Housing Developers Act, and typically includes detailed specifications of the unit, payment terms, completion requirements, and both parties' obligations and rights.

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What is a Unit Purchase Agreement?

The Unit Purchase Agreement serves as the primary legal instrument for unit acquisitions in Singapore, whether for residential, commercial, or industrial properties. This document is essential when transferring ownership of a specific unit from seller to buyer, incorporating all necessary terms, conditions, and obligations under Singapore law. The agreement typically includes unit specifications, payment schedules, completion requirements, and warranties, while ensuring compliance with local property regulations and the Housing Developers Act where applicable.

What sections should be included in a Unit Purchase Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core terms of the transaction

5. Purchase Price: Price and payment terms

6. Completion: Closing process and requirements

7. Representations and Warranties: Statements of fact and assurances by parties

8. General Provisions: Standard contract clauses including governing law

What sections are optional to include in a Unit Purchase Agreement?

1. Conditions Precedent: Prerequisites to completion - used for complex transactions with multiple dependencies

2. Financing: Terms related to external financing - used when purchase involves external funding

3. Due Diligence: Investigation and verification process - used for significant purchases requiring detailed verification

What schedules should be included in a Unit Purchase Agreement?

1. Unit Description: Detailed specifications of the unit being purchased

2. Payment Schedule: Breakdown of payment installments and timing

3. Title Documents: Relevant ownership and title documentation

4. Property Plans: Floor plans and technical drawings

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Construction
Property Development
Investment

Relevant Teams

Legal
Real Estate
Finance
Operations
Compliance

Relevant Roles

Property Manager
Real Estate Director
Legal Counsel
Development Manager
Investment Manager

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What is a Unit Purchase Agreement?

What sections should be included in a Unit Purchase Agreement?

What sections are optional to include in a Unit Purchase Agreement?

What schedules should be included in a Unit Purchase Agreement?

Authors

Alex Denne

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