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A Real Estate Contract is a legally binding agreement between buyers and sellers for property transactions in Singapore. It spells out the key terms of the sale, including the purchase price, payment schedule, and completion date. These contracts must follow strict requirements under Singapore's Residential Property Act and Civil Law Act.

The most common form is the Option to Purchase (OTP), which gives buyers exclusive rights to buy the property within a set timeframe. For HDB flats, the contract process follows standardized steps through the Housing Development Board, while private property sales typically involve contracts drafted by conveyancing lawyers to protect both parties' interests.

Use a Real Estate Contract when buying or selling any property in Singapore. This includes private condominiums, landed homes, HDB flats, or commercial spaces. The contract becomes essential right after you've agreed on the basic sale terms but before any money changes hands.

For HDB properties, you need the contract once you've found a suitable flat and agreed on the price. For private properties, get the contract ready after verbal negotiations but before paying the option fee. Having this legal framework protects both parties and ensures the transaction follows Singapore's property laws, especially around foreigner ownership restrictions and stamp duty requirements.

• Commercial Property Tenancy Agreement: For business premises leasing, with specific clauses for commercial use and tenant improvements
• Residential Property Lease Agreement: Standard rental contract for homes, covering tenant rights and maintenance responsibilities
• Private Mortgage Contract: For non-bank property financing between private parties
• Lease To Own Property Agreement: Combines rental terms with future purchase options
• Property Ownership Agreement: Details shared ownership arrangements and property management duties

• Property Buyers and Sellers: Primary parties who sign the Real Estate Contract, setting out their rights and obligations for the property transfer
• Conveyancing Lawyers: Draft and review contracts, handle legal due diligence, and ensure compliance with Singapore property laws
• Real Estate Agents: Facilitate negotiations and help clients understand contract terms before signing
• Banks and Financiers: Review contracts when providing mortgages or loans for property purchases
• HDB Officials: Oversee and approve contracts for public housing transactions, ensuring they meet regulatory requirements

• Property Details: Gather exact address, land title number, property size, and any included fixtures or fittings
• Party Information: Collect full legal names, NRIC/passport numbers, and contact details of all buyers and sellers
• Financial Terms: Document agreed purchase price, payment schedule, and option fee amount
• Timeline Planning: Set clear dates for option exercise, completion, and property handover
• Legal Requirements: Check buyer eligibility under Singapore property laws, especially for foreigners or HDB restrictions
• Documentation: Use our platform to generate a legally compliant contract that includes all mandatory elements for Singapore real estate transactions

• Property Identification: Complete legal description, address, and title details as registered with Singapore Land Authority
• Party Details: Full names, identification numbers, and addresses of all buyers, sellers, and witnesses
• Consideration: Purchase price, payment terms, and deposit requirements in Singapore dollars
• Transaction Timeline: Option period, exercise date, completion date, and vacant possession schedule
• Legal Compliance: Statements on stamp duty obligations and property ownership restrictions
• Terms and Conditions: Property condition, warranties, and default provisions
• Execution Block: Signature spaces with proper attestation requirements under Singapore law

A Real Estate Contract differs significantly from a Real Estate Purchase Agreement in several key aspects under Singapore law. While both deal with property transactions, they serve distinct purposes and come into play at different stages.

• Timing and Commitment: A Real Estate Contract is typically binding from the start, while a Purchase Agreement often serves as a preliminary document during negotiations
• Legal Scope: Real Estate Contracts include complete transaction terms and are immediately enforceable, whereas Purchase Agreements may outline basic terms but require further documentation
• Payment Terms: Real Estate Contracts specify all financial obligations including option fees, while Purchase Agreements might only cover initial deposit arrangements
• Property Transfer Details: Real Estate Contracts contain specific completion dates and handover procedures, but Purchase Agreements often leave these details for later documentation