Document background
The Basic Real Estate Contract is a fundamental legal document used in Singapore's property market for facilitating real estate transactions. This contract is designed to comply with Singapore's robust property laws and regulations, including the Civil Law Act, Land Titles Act, and Residential Property Act. It serves as the primary agreement between buyers and sellers, documenting essential elements such as property details, price, payment terms, and completion dates. The document is particularly important in Singapore's highly regulated property market, where strict rules govern property ownership, foreign purchase restrictions, and various stamp duties.
