Document background
The Land Contract serves as the primary instrument for transferring land ownership in Singapore's property market. This document is essential when parties wish to conduct a land transaction, whether for development, investment, or personal use. The contract must comply with Singapore's strict property laws, including the Land Titles Act and Residential Property Act. A Land Contract typically includes comprehensive details about the property, parties involved, purchase price, payment terms, and completion procedures. It also addresses specific Singapore requirements such as stamp duty obligations and, where applicable, restrictions on foreign ownership.
