Document background
The Real Estate Contract is a fundamental document used in Singapore property transactions, essential for both residential and commercial property transfers. It ensures compliance with Singapore's comprehensive property laws, including the Residential Property Act and Housing Development Act. The contract typically includes detailed property descriptions, purchase price, payment terms, completion timeline, and specific provisions required by Singapore law. It's particularly important given Singapore's unique property ownership restrictions, stamp duty requirements, and strict regulatory framework for both local and foreign property ownership.
