Completion of the sale and purchase of a unit takes place when the developer conveys legal
title of the unit to the purchaser.
Fast Facts:
When the developer is ready for completion, the developer will issue
a Notice to Complete to the purchaser. The Notice to Complete must be given by the date
specified in the Sale & Purchase Agreement or 3 years after the date of delivery of
vacant possession of the unit, whichever is earlier.
The purchaser has a right to claim for liquidated damages
if the developer fails to deliver the Notice to Complete on time.
Procedure
for Completion of Sale
When the developer is ready for completion, the developer will issue to the purchaser a
Notice to Complete which must be given by the date specified in the Sale & Purchase
Agreement or 3 years after the date of delivery of vacant possession of the unit,
whichever is earlier.
The Notice to Complete must be given to the purchaser together with a certificate by an
architect/professional engineer that subdivision approval for the housing project has been granted by the relevant
authority.
Completion must take place within 14 days after the purchaser receives the developer's
Notice to Complete. It is to take place at the office of the developer's solicitors.
On completion, the developer must execute a proper conveyance to the purchaser of
the unit and also hand over to the purchaser a duplicate of the title to the unit, namely,
the Duplicate Subsidiary Strata Certificate of Title (for strata subdivided property)
or the Duplicate Certificate of Title (for non-strata subdivided property).
These certificates are official documents issued by the Registrar of Titles stating
that the person named in the certificate is the legal owner of the property described
in the certificate.
The purchaser has a right to claim for liquidated damages according to the formula
specified in the Sale & Purchase Agreement if the developer does not issue to the
purchaser the Notice to Complete by the deadline specified in the Sale & Purchase
Agreement.
Completion of Sale
