Stages Involved in Buying a Property

A walk-through all the steps you need to take - from finding a property, engaging a solicitor, making a sales and purchase agreement through to completion and issuing of the Certificate of Title...

Below is information about how to find a property, checking the seller's credentials, engaging a solicitor, getting an option to purchase, making a sales and purchase agreement and, finally, reaching completion.

Finding a Property

There are many ways to go about finding the right property. Some local newspapers (including the Straits Times) have classified property sections and many local property agents have websites.

Professional property agents in Singapore will assist the buyer and protect their interests throughout the purchase, and should help secure the offer at the best possible price. The agents will also ensure that all documents are in order and that the seller is the rightful owner of the property. Most of the property agents share their databases with each other.

The Institute of Estate Agents (IEA) represent the real estate profession.

The Council for Estate Agents (CEA) is a statutory board which administers the enhanced regulatory framework for the real estate agency industry. Estate agents must register with the CEA, pass an industry examination and undergo yearly training (continuing professional development, CPD). CEA also engages in public education efforts, helps consumers in property transactions and assists in disputes between agents and consumers.

  • CEA
    Tel: 1800 643 2555
  • Open: 08:30 - 17:00 Monday - Friday

Checking the Property and the Seller's Credentials

Check with the seller that any renovations and/or alterations to the property were approved and are legal. Agree with the vendor that if the authorities should require any illegal renovations and/or alterations to be rectified, the vendor will be responsible for rectification works, at his expense.

Engage a Solicitor

It is advisable to engage a solicitor to conduct a title search on the property to confirm ownership and title and carry out a bankruptcy search on the vendor.

The solicitor will lodge a caveat at the Singapore Land Registry to notify the public of the buyer's interest in the property, send out legal requisitions to the relevant government departments in order to ensure that the property is not subject to any adverse notices, and liaise with the relevant bank or financial institution and the CPF (Central Provident Fund) Board to ensure that the loan and monies are released on time. The solicitor will also prepare the transfer document and arrange for execution of the mortgage and/or CPF documents.

Option to Purchase

On deciding to purchase a property the first step is to get an Option to Purchase. This is done by making a payment of one percent of the purchase price. Usually 14 days are allowed for the buyer to decide whether to proceed with the purchase and to finalise the finance. There will not be a caveat on it at this stage but the seller cannot sell to anyone else.

If the purchase proceeds, the buyer must then exercise the option by signing and sending the purchasing documents to the seller's solicitor together with a cheque for a further nine percent of the purchase price.

Alternatively the agent managing the purchase can prepare the Option to Purchase and present it to the seller. It must clearly state the price, sales completion date and other conditions. Terms and conditions can be drafted by a solicitor.

Once the Option to Purchase has been exercised it is unconditional on both sides. The buyer will lose the ten percent deposit if they decide to pull out, and a seller who wants to opt out of the agreement will have to refund the ten percent including the accrued interest.

The vendor has the right to seek recourse through the courts if the buyer pulls out, in the same way that the vendor cannot pull out or they may also risk being sued, so a seller cannot decide to pull out and sell to someone else.

Sales and Purchase Agreement

A solicitor will be needed to prepare a Sales and Purchase Agreement. The sale should be completed within about 10 weeks, and stamp fees are payable before completion. Visit the IRAS for more information.

Buyer and vendor should arrange a date for inspection of the property before completion of the sale. Check the fixtures and fittings, and also confirm which items the vendor is including in the sale price.


At completion the Certificate of Title will be issued on payment of the final balance of the purchase price. While the mortgage exists, the bank will retain the Certificate of Title and will release it to the purchaser when the loan is fully repaid.

For new properties, payment is made progressively or upon completion of construction and issuance of the Certificate of Fitness for occupation.

On completion the seller must hand over the property as agreed.