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TOPIC: Sale of Land... Need advise pls

Sale of Land... Need advise pls 2 years, 1 month ago #7382

Hi, can anyone enlighten me on the procedures for sale of land whereby the owner of the land is a Singaporean. If I can find a buyer for the seller, can I get the deal done with just the help of a conveyancing lawyer? I do not want to go through an agent as I want to avoid the commission cost. Thanks in advance

Re:Sale of Land... Need advise pls 2 years, 1 month ago #7410

Of course. Best if both buyer and seller have lawyers. And you better get yourself engaged with a lawyer who is well versed in land dealings. Thee are some lawyers who do a messy job & leaves the client complications in the future.

Re:Sale of Land... Need advise pls 2 years, 1 month ago #7421

yeah...agree. the process is correct. Just your interest may not be protected if the transaction was gone through.

Re:Sale of Land... Need advise pls 2 years, 1 month ago #7425

Chan Zhi Hao wrote:
Hi, can anyone enlighten me on the procedures for sale of land whereby the owner of the land is a Singaporean. If I can find a buyer for the seller, can I get the deal done with just the help of a conveyancing lawyer? I do not want to go through an agent as I want to avoid the commission cost. Thanks in advance
buying cash or bank loan? if cash, can proceed to the land office directly. (cash - bank draft; not cheque)

Re:Sale of Land... Need advise pls 2 years, 1 month ago #7439

Lin,

Buying a land is a much more complicated issue as compared to buying a property. Not just bringing a cheque and buy the title and the land is yours. Don't you first need to do a land search and your lawyers to get consents from appropriate authorities? Besides, you need to think of the conversion of the title and premium to be paid.

Buying a land? Get a lawyer to do it on your behalf. You are not buying a vegetable. What if you buy a tomato back instead?

Re:Sale of Land... Need advise pls 2 years, 1 month ago #7445

If the registered proprietor of landed property is a non-citizen, then,
s.433B National Land Code 1965 will apply.

The first important task is to check with the State Authority gazette to determine
if there is any compulsory acquisition from the State. If none, then, the usual manner of
obtaining the State Authority consent will apply for non-citizen owners.

You also require State Authority consent and most importantly, income tax clearance
be properly carried out.

As for the conveyance procedures, the usual private land search and lodgment of private caveat
upon the conclusion of the negotiation with the signing of the agreement will take place.

One important point is in obtaining the plan for the location of the property from the relevant authorities.
Also, check whether the cukai tanah is settled.
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