The Home Purchase Agreement Form is essential for any residential property transaction in Singapore. It serves as the primary legal document establishing the rights and obligations of both buyer and seller in a property transaction. This standardized agreement ensures compliance with Singapore's strict property regulations, including HDB rules, foreign ownership restrictions, and financing requirements. The document typically includes comprehensive details about the property, payment structure, completion timeline, and various statutory declarations. It must account for unique aspects of Singapore's property market such as CPF usage, stamp duty requirements, and specific regulations for different property types (HDB, private, landed).
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the transaction 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: Agreement on price and payment terms
6. Payment Schedule: Timeline and structure of payments
7. Completion: Terms and conditions for completion of sale
8. Representations and Warranties: Statements of fact by both parties
1. Foreign Ownership Declaration: Required when buyer is non-Singaporean - includes declarations under Residential Property Act
2. CPF Usage: Terms related to use of CPF funds for property purchase including withdrawal limits and requirements
3. Mortgage Conditions: Terms related to property financing including bank mortgage requirements and conditions
4. En Bloc Provisions: Terms related to collective sale scenarios and buyer/seller rights in such cases
1. Schedule 1 - Property Floor Plan: Detailed layout of the property including measurements and specifications
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings and items included in the sale
3. Schedule 3 - Title Search: Official property ownership record and encumbrances
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment milestones and amounts
5. Schedule 5 - Property Tax Certificate: Current property tax assessment and payment status
6. Schedule 6 - Maintenance Fee Schedule: Details of ongoing maintenance charges and payment terms
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