Podcast
Questions and Answers
What is the age of majority for individuals in the context of land transactions?
What is the age of majority for individuals in the context of land transactions?
Which of the following types of entities cannot hold land in their registered names?
Which of the following types of entities cannot hold land in their registered names?
What is the primary land registration system administered by the Singapore Land Authority for titles land?
What is the primary land registration system administered by the Singapore Land Authority for titles land?
What is one obligation that is explicitly mentioned as not being required for the real estate conveyancing subject?
What is one obligation that is explicitly mentioned as not being required for the real estate conveyancing subject?
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Which of the following must be considered when evaluating an individual's capacity to acquire or divest property?
Which of the following must be considered when evaluating an individual's capacity to acquire or divest property?
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What role does the Singapore Land Authority serve in relation to land registration?
What role does the Singapore Land Authority serve in relation to land registration?
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In what context is the term 'sui generis' relevant regarding parties in land transactions?
In what context is the term 'sui generis' relevant regarding parties in land transactions?
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What kind of practice does understanding conveyancing processes primarily benefit?
What kind of practice does understanding conveyancing processes primarily benefit?
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What consequence does a buyer face if they do not adhere to the additional buyer stamp duty (ABSD) requirements?
What consequence does a buyer face if they do not adhere to the additional buyer stamp duty (ABSD) requirements?
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Which of the following entities is exempt from the additional buyer stamp duty (ABSD) under the current regulations?
Which of the following entities is exempt from the additional buyer stamp duty (ABSD) under the current regulations?
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What is the purpose of ad valorem stamp duty according to the regulations?
What is the purpose of ad valorem stamp duty according to the regulations?
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Which of the following properties is NOT included in the count for determining the additional buyer stamp duty (ABSD)?
Which of the following properties is NOT included in the count for determining the additional buyer stamp duty (ABSD)?
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What impact does underpayment of seller stamp duty (SSD) have on the seller?
What impact does underpayment of seller stamp duty (SSD) have on the seller?
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Which group of buyers is most affected by ABSD regulations?
Which group of buyers is most affected by ABSD regulations?
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Which of the following countries is NOT part of the free trade agreements that allows certain foreigners to avoid ABSD?
Which of the following countries is NOT part of the free trade agreements that allows certain foreigners to avoid ABSD?
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What major regulation was introduced on 8th December 2011?
What major regulation was introduced on 8th December 2011?
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IRAS conducts audits primarily to prevent what issue related to stamp duty?
IRAS conducts audits primarily to prevent what issue related to stamp duty?
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What is the impact of the HDB's control over ownership of HDB flats?
What is the impact of the HDB's control over ownership of HDB flats?
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What change regarding HDB flats was announced by the Prime Minister on 20 August 2023?
What change regarding HDB flats was announced by the Prime Minister on 20 August 2023?
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Which of the following is NOT accurate regarding the ownership of properties for the purpose of ABSD?
Which of the following is NOT accurate regarding the ownership of properties for the purpose of ABSD?
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Who is eligible to acquire an interest in all types of residential property?
Who is eligible to acquire an interest in all types of residential property?
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What requirement must a non-Singapore citizen meet to acquire restricted residential property?
What requirement must a non-Singapore citizen meet to acquire restricted residential property?
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Which one of the following is NOT a type of residential property mentioned that requires approval from the Land Dealings Approval Unit under the Residential Property Act?
Which one of the following is NOT a type of residential property mentioned that requires approval from the Land Dealings Approval Unit under the Residential Property Act?
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Under which act do strata property owners have obligations and rights?
Under which act do strata property owners have obligations and rights?
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What regulatory standards govern most Sale and Purchase Agreements for properties purchased through developers?
What regulatory standards govern most Sale and Purchase Agreements for properties purchased through developers?
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What is the time frame for the sale of a property after the death of the deceased according to Section 35.1 of the Conveyancing and Law of Property Act?
What is the time frame for the sale of a property after the death of the deceased according to Section 35.1 of the Conveyancing and Law of Property Act?
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In which of the following circumstances would a contract NOT typically be formed under statutory conditions?
In which of the following circumstances would a contract NOT typically be formed under statutory conditions?
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What happens if a transfer of restricted property is made to a foreign person?
What happens if a transfer of restricted property is made to a foreign person?
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Which area of law is NOT mentioned as relevant when taking instructions from clients in a conveyancing transaction?
Which area of law is NOT mentioned as relevant when taking instructions from clients in a conveyancing transaction?
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What financial resource may clients wish to use for a purchase or mortgage of residential property?
What financial resource may clients wish to use for a purchase or mortgage of residential property?
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What must be considered to ensure a client's interests are not compromised in a conveyancing transaction?
What must be considered to ensure a client's interests are not compromised in a conveyancing transaction?
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What penalty may strata property owners incur for not paying maintenance fees punctually?
What penalty may strata property owners incur for not paying maintenance fees punctually?
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In the context of property transactions, why is it crucial to check a client's citizenship?
In the context of property transactions, why is it crucial to check a client's citizenship?
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What is the maximum penalty for unpaid duty related to the SSD or ABSD?
What is the maximum penalty for unpaid duty related to the SSD or ABSD?
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Which type of property is exempt from the payment of GST?
Which type of property is exempt from the payment of GST?
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Which authority oversees the master plan showing land use in Singapore?
Which authority oversees the master plan showing land use in Singapore?
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What type of document is considered valid even if concluded through email correspondence?
What type of document is considered valid even if concluded through email correspondence?
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If a two-story property is zoned mixed-use, which aspect is affected by this zoning?
If a two-story property is zoned mixed-use, which aspect is affected by this zoning?
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Under section 6D of the Civil Law Act, what must contracts for the sale of land be?
Under section 6D of the Civil Law Act, what must contracts for the sale of land be?
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Which type of use would not apply if a property is zoned residential?
Which type of use would not apply if a property is zoned residential?
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Which of the following scenarios would require the payment of GST by the vendor?
Which of the following scenarios would require the payment of GST by the vendor?
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If a document is unstamped, what consequence does it face in the registration process?
If a document is unstamped, what consequence does it face in the registration process?
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What type of transactions can involve the use of the property, aside from purchase and sale?
What type of transactions can involve the use of the property, aside from purchase and sale?
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Study Notes
Preliminary Matters
- Conveyancing transactions overview: different legal areas involved, parties' capacities, property types.
- Land registration systems in Singapore: two registers (Register of Deeds and Land Titles Register, Torrens system).
- Singapore Land Authority administers both land registers.
- Conveyancing process focuses on Land Titles Register (Torren system).
- Completion accounts for subsales of properties under construction are not part of the learning.
- Parties to the transaction: individuals, partnerships, companies, societies. Age of majority is 21.
Property Types and Restrictions
- Restrictions on property types (e.g., HDB flats).
- Minimum occupation period for HDB flats may change.
- Citizenship affects property acquisition (Singapore citizens only can buy some residential properties).
- Restrictions on foreign ownership apply for different property types.
- Strata properties have obligations e.g. paying maintenance or sinking funds.
Regulations Affecting Transactions
- Conveyancing and Law of Property Act section 35.1, power of sale (6-year limit).
- CPF restrictions on the use of funds for property.
- Additional Buyer Stamp Duty (ABSD). Buyers need to consider current rates.
- Stamp duty rules (and penalties/penalties for deficient duty).
- Unstamped documents cannot be registered.
- GST (applicable to some transactions, especially commercial properties)
- Payment of GST is payable by the vendor.
Contracts and Formalities
- Contracts for sale of land require written evidence.
- Email correspondence is considered sufficient.
- Some contracts are governed by statute (e.g., Law Society's Conditions of Sale 2020).
- Conveyancing transactions can involve a variety of processes (e.g., distribution, will).
Additional Information
- Case example: Joseph Matthew and another and Singh Chin Ranjith and another (2010, 1 SLR 338).
- Regulations (e.g. additional or buyer stamp duty) may vary and should be checked on the relevant authorities' websites.
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Description
Test your knowledge on the conveyancing process in Singapore, including the types of property and relevant restrictions. Explore the intricacies of land registration systems and the roles of various parties in property transactions. This quiz covers essential regulations and practices in the field of conveyancing.
