Flat Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Flat Purchase Agreement

"I need a Flat Purchase Agreement for a 4-room HDB flat in Singapore, where the buyer will be using CPF funds and taking a bank loan for 75% of the purchase price, with completion scheduled for March 2025."

Document background
The Flat Purchase Agreement is a crucial legal document used in Singapore's property market for both public and private housing transactions. This agreement is essential when transferring ownership of residential property and must conform to Singapore's strict property regulations. The document typically includes detailed property information, price and payment terms, completion conditions, and various statutory declarations. For HDB flats, the agreement must comply with additional requirements such as ethnic integration policies and minimum occupation periods. The agreement serves as the primary reference document throughout the property transaction process and is legally binding once signed by all parties.
Suggested Sections

1. Parties: Details of vendor and purchaser, including identification and contact information

2. Background: Context of the sale and property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including address and specifications

5. Purchase Price: Agreed price and payment terms

6. Payment Schedule: Breakdown of payment installments and timelines

7. Completion: Terms and conditions for completion of sale

8. Representations and Warranties: Statements of fact and promises by both parties

9. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. CPF Usage: Terms regarding use of CPF funds for property purchase

2. Mortgage Financing: Terms regarding bank loans and mortgages when property is being financed through a bank loan

3. En Bloc Provisions: Terms regarding potential collective sale for private properties

4. Tenant Rights: Provisions regarding existing tenancy arrangements when property is currently tenanted

Suggested Schedules

1. Property Floor Plan: Detailed floor plan of the property

2. Inventory List: List of fixtures and fittings included in sale

3. Title Documents: Copies of relevant title documents

4. Payment Schedule: Detailed breakdown of payment installments

5. Defects List: List of existing defects if any

6. Maintenance Records: History of property maintenance

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

Relevant legal definitions
Clauses
Industries

Housing and Development Act (Chapter 129): Primary legislation governing public housing (HDB flats) transactions, setting eligibility conditions, restrictions, and regulations for HDB flat resale

Residential Property Act (Chapter 274): Legislation controlling foreign ownership of residential properties and restrictions on purchase of landed properties by foreigners

Sale of Goods Act (Chapter 393): Framework legislation establishing general contract principles for property transactions

Conveyancing and Law of Property Act (Chapter 61): Legislation governing property transactions, transfers, and legal requirements for property conveyancing

HDB Rules and Regulations: Regulatory framework covering Ethnic Integration Policy, Singapore Permanent Resident quota, Minimum Occupation Period, and resale procedures for HDB properties

Central Provident Fund (CPF) Rules: Regulations governing the usage of CPF funds for property purchase, including withdrawal limits and restrictions

Stamp Duties Regulations: Financial regulations covering Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

COVID-19 (Temporary Measures) Act 2020: Temporary legislation affecting property transactions and establishing safe management measures for property viewings during pandemic

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

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