Interpretation or translation if necessary – Apartment for sale in Singapore
Shall ensure that any information or explanation is conveyed to the client in the language or dialect that the client understands. Apartment for sale in Singapore.
Strata title property
Strata title is a form of ownership of units in a multi-level vertical and horizontal subdivisions with undivided share of the common areas. Some property types that have strata title are condominium, cluster houses, townhouses, shopping centres, factories, office buildings, etc.
Subdivision of land into individual Lots
Individual lots when subdivided will be conferred separate title of exclusive ownership of each strata title area. Such subdivided title is called the Subsidiary Strata Certificate of Title (SSCT) and each owner is called a Subsidiary Proprietor (SP).
Common Property
Common property is defined as all the land that is not within the boundaries of an individual lot (residential unit) of an apartment or condominium development. All common property is jointly owned by share value among all the owners and a maintenance fee is charged to each owner for the maintenance of it.
Resale Checklist for Buyers
Agents who are acting for the buyers shall explain all items in the buyer’s Resale Checklist to the buyers and tick all the boxes and state the language used to explain to the buyers. Both agents & buyers are to sign. Agents should go through the buyer’s Resale Checklist as soon as the buyer is considering to buy a HDB flat. The buyers must complete and sign the buyer’s Checklist BEFORE they EXERCISE the Option to Purchase. All buyers of resale flats, acting with or without agents are required to complete and submit the buyer’s Resale Checklist.
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