Singapore Conveyancing and Property Lawyers

Seller of a residential property must pay Seller’s Stamp Duty (SSD) if the property was acquired (or purchased) on or after 20 Feb 2010 but before 30 Aug 2010 and disposed of (or sold) within one year from the acquisition date. Properties acquired before 20 Feb 2010 will not be subject to SSD when disposed of.

SSD will be payable on residential properties which are bought or acquired on or after 30 Aug 2010 but before 14 Jan 2011 and sold or disposed of within 3 years of acquisition.

For residential properties bought on or after 14 January 2011, (SSD rates to be levied on the full sale price will be increased to as follows:

Read more: Seller’s Stamp Duty

	This is for users who wish to sell or are in the process of selling their properties.
	In a Sale, we will usually assist you in the following (as applicable, not exhaustive):-
	prepare an Option to Purchase, Auction Terms, or Sale & Purchase Agreement (as the case may be) advise you on the terms of the Option to Purchase receive the balance Deposit upon the exercised of Option by the Purchaser serve redemption notices to CPF Board and the Mortgagee (Bank orFinance Company) (as the case may be) preparation of discharge documents for CPF Board and the Mortgagee (if we are acting for them) or the Mortgagee's solicitors (as the case may be) attending to the execution of the draft Transfer keeping track of the timelines on your behalf liaising with the Purchaser's solicitors, CPF Board's solicitors and the Mortgagee (if we are acting for them) or the Mortgagee's solicitors (as the case may be) preparation of the Completion Account for the Purchaser's solicitors to complete the matter(s) on your behalf
	If your property is charged to the CPF Board or mortgaged to a Bank, you will have to redeem all such charges prior to the completion of the sale. Accordingly, we will assist you to serve the relevant notices of redemption on the relevant parties at the relevant time.
	However, please note that the CPF Board  will usually engage third parties' law firms to act for them in the Discharge of the CPF Board's Charge. The Bank (the Mortgagee) may appoint our firm or another law practice to act  for them in the the redemption. Such charges incurred by the Board and the Mortgagee are usually borne by you.
	Commonly, Banks or Finance Companies may engage our firm's (Loh Eben Ong & Partners) services to act for them in the same transaction (redemption) (subject to minimal conflict of interest), and in that event, there will usually be cost savings to you.

	Purchasers are usually more anxious as they may be unsure of the many rules and procedures of the contractual and Conveyancing process in a property transaction. To a lay person, the Conveyancing procedures may be quite confusing, and there are various contractual legal issues.
	Please visit our Property FAQs for more information. It is advisable to engage a law firm prior to entering into a purchase (except for purchase of uncompleted properties from Licensed Developer). Your lawyer will usually conduct initial searches such as the title search on the property and bankruptcy/winding up search on the Seller, and will advise you on the terms and conditions of the Option to Purchase / Sale and Purchase Agreement.
	If you are using your CPF Funds to part-finance the purchase price or for housing loan monthly instalments, please note that CPF Board will engage another law firm to act for them in the CPF Charge, and such costs and expense will be borne by you. We will however assist you in the CPF Fund application, and act for you in the CPF Charge.
	If you are obtaining a loan from a Bank (or Finance Company) to part-finance the purchase price, you may wish to check with them whether they may engage our firm in the same Mortgage transaction (same representation). We are usually appointed by many local/foreign Banks/Finance Companies to act for the them in the same Mortgage transactions (subject to minimal conflict of interest), and in that event, there will usually be costs savings to you. If there are separate representation, the costs and expense (borne by you) will usually be higher.

	In respect of the Mortgage of your Property, you may wish to repay fully your loan, or your loan with the lending bank has been fully paid. In these scenario, you may need to appoint a law firm to liaise with the Mortgagee (Bank or Finance Companies) on the redemption or discharge of the Mortgage and prepare the relevant documentation.
	In respect of the CPF Board's Charge over your Property, you may have reached 55 years' of age (retirement age), and wish to discharge the Charge over the property. In this case, you may need to appoint a law firm to liaise with CPF Board and/or its lawyers on the discharge of the CPF Charge and prepare the relevant documentation.