Rajah & Tann Singapore has contributed a Practice Note titled “Purchasing and Selling Commercial Real Estate: Overview (Singapore)” to Practical Law Asia (Thomson Reuters).
The sale and purchase of commercial real estate in Singapore involves a series of steps that necessitates collaboration among different parties. While the overall workflow of sale and purchase transactions for Singapore real estate is generally consistent, the specific steps can differ based on factors such as the terms of the deal and the type of property involved.
Authored by Senior Partner Norman Ho, Partner Gazalle Mok and Senior Associate Calvin Lim from the Corporate Real Estate Practice, the Practice Note provides an overview of the workflow for the purchase and sale of a commercial real estate in Singapore, including:
- Retaining a real estate agent
- Retaining real estate counsel
- Entering into preliminary agreements
- Conducting property due diligence
- Conducting anti-money laundering due diligence
- Entering into a sale and purchase agreement
- Financing considerations
- Obtaining property insurance
- Closing conditions, documents, and mechanics
- Post-closing matters
- Special considerations for foreign investors
To read the full Practice Note, please click here (registration required to access the document). This article was first published in Practical Law Asia.
Find out more about our Corporate Real Estate Practice here.
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