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Urban Redevelopment Authority (URA)
Circulars

Variations To The Standard Clauses In The Sale And Purchase Agreement

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General

25 March 2000

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President
Real Estate Developers' Association of Singapore
190 Clemenceau Avenue
#07-01 Singapore Shopping Centre
Singapore 239924

President
The Law Society of Singapore
39 South Bridge Road
Singapore 058673

  1. Currently, approved variations to the standard Sale and Purchase (S&P) agreement are incorporated into the prescribed Forms D and E of the Housing Developers Rules and Form D of the Sale of Commercial Properties Rules.

  2. To ensure that variations to the standard clauses are made more transparent to purchasers before they enter into a S&P agreement, developers are now required to list all approved variations in a separate schedule which shall form an integral part of the S&P agreement.

  3. The standard clauses in the prescribed forms will remain essentially intact except for the required amendments highlighted in bold atAnnex A. Also enclosed is Annex B with illustrative examples for presenting variations in a separate schedule.

  4. The change will take effect from 1 Jun 2000. All S&P agreements delivered to Option holders on or after the effective date will have to list all approved variations in a separate schedule to the standard S&P agreement

  5. Please inform your members about this circular. The circular can also be accessed on the URA web-site at http://www.ura.gov.sg.

Thank You.

LIM ENG CHONG
CONTROLLER OF HOUSING
SINGAPORE

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