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Vacant Land Sale Contract Template for Singapore

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Key Requirements PROMPT example:

Vacant Land Sale Contract

"I need a Vacant Land Sale Contract for a 5,000 square meter industrial plot in Jurong, Singapore, with completion planned for March 2025; the transaction is between two Singapore-registered companies and includes development obligations for a warehouse facility."

Document background
The Vacant Land Sale Contract is a specialized agreement used in Singapore for transactions involving undeveloped land. It is essential for property developers, investors, and individuals looking to acquire vacant land for development or investment purposes. The document must comply with Singapore's strict property laws and regulations, including the Land Titles Act, Planning Act, and where applicable, the Residential Property Act for foreign buyers. This contract type includes crucial elements such as property details, planning permissions, environmental considerations, and development restrictions. It is particularly important in Singapore's highly regulated real estate market, where land transactions require careful attention to zoning laws, development charges, and usage restrictions. The document serves as a comprehensive framework for protecting both parties' interests while ensuring compliance with local regulatory requirements.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and registration/identification numbers

2. Background: Context of the sale and brief description of the vacant land

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the vacant land including lot number, title details, and land area

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details

6. Conditions Precedent: Conditions that must be satisfied before completion can occur

7. Completion: Details of the completion process, timing, and requirements

8. Vendor's Warranties: Warranties given by the vendor regarding title, encumbrances, and property condition

9. Purchaser's Warranties: Warranties given by the purchaser regarding capacity to purchase and funding

10. Title and Transfer: Provisions relating to transfer of title and registration requirements

11. Costs and Stamp Duty: Allocation of transaction costs and stamp duty obligations

12. Default and Termination: Consequences of default and termination rights

13. Notices: Process for giving formal notices under the agreement

14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and variation

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Planning Permissions: Required when the sale is conditional on obtaining specific planning permissions or rezoning

2. Environmental Conditions: Used when there are specific environmental requirements or concerns that need to be addressed

3. Foreign Ownership Approval: Required when the purchaser is a foreign person or entity requiring regulatory approval

4. Development Obligations: Used when the sale includes specific requirements for future development of the land

5. Soil Testing: Required when specific soil testing or land condition investigations are needed

6. Existing Tenancies: Used when there are existing tenancies or licenses affecting the land

7. GST Treatment: Required when the transaction has specific GST implications that need to be addressed

8. Agent's Commission: Used when there are real estate agents involved in the transaction

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the land including boundaries, easements, and encumbrances

2. Title Documents: Copies of relevant title documents and certificates

3. Payment Schedule: Detailed breakdown of payment terms and timing

4. Due Diligence Results: Summary of due diligence findings and investigations

5. Planning Certificates: Copies of relevant planning certificates and permissions

6. Site Plan: Survey plan or site plan showing the land boundaries and features

7. Permitted Use: Details of permitted use and development restrictions

8. Outstanding Notices: Copy of any outstanding notices affecting the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































Clauses






























Industries

Land Titles Act (Chapter 157): Governs the registration and transfer of land titles in Singapore, establishing the land titles system and procedures for property transactions

Planning Act (Chapter 232): Regulates land use and development in Singapore, including zoning requirements and land use permissions for vacant land

Residential Property Act (Chapter 274): Restricts foreign ownership of residential properties and land in Singapore, including vacant land intended for residential development

Environmental Protection and Management Act (Chapter 94A): Sets environmental requirements and restrictions that may affect land development and use

Contracts Act (Chapter 53): Provides the legal framework for contract formation and enforcement in Singapore

Stamp Duties Act (Chapter 312): Governs the payment of stamp duties on property transactions, including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD)

State Lands Act (Chapter 314): Regulates the management and use of state lands, which may be relevant if the vacant land was previously state-owned

Building Control Act (Chapter 29): Although primarily for buildings, contains provisions relevant to land development and future construction plans

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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