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TOPIC: Re:Sale of Land... Need advise pls
#7382
Chan Zhi Hao (General User)
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Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 0  
Hi, can anyone enlighten me on the procedures for sale of land whereby the owner of the land is a Singaporean. If I can find a buyer for the seller, can I get the deal done with just the help of a conveyancing lawyer? I do not want to go through an agent as I want to avoid the commission cost. Thanks in advance
 
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#7410
Michelle . (Negotiator)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 0  
Of course. Best if both buyer and seller have lawyers. And you better get yourself engaged with a lawyer who is well versed in land dealings. Thee are some lawyers who do a messy job & leaves the client complications in the future.
 
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Ong 41 (Negotiator)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 0  
yeah...agree. the process is correct. Just your interest may not be protected if the transaction was gone through.
 
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CHONG L C (Negotiator)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 0  
Chan Zhi Hao wrote:
Hi, can anyone enlighten me on the procedures for sale of land whereby the owner of the land is a Singaporean. If I can find a buyer for the seller, can I get the deal done with just the help of a conveyancing lawyer? I do not want to go through an agent as I want to avoid the commission cost. Thanks in advance buying cash or bank loan? if cash, can proceed to the land office directly. (cash - bank draft; not cheque)
 
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#7439
The Property Investor (General User)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 2  
Lin,

Buying a land is a much more complicated issue as compared to buying a property. Not just bringing a cheque and buy the title and the land is yours. Don't you first need to do a land search and your lawyers to get consents from appropriate authorities? Besides, you need to think of the conversion of the title and premium to be paid.

Buying a land? Get a lawyer to do it on your behalf. You are not buying a vegetable. What if you buy a tomato back instead?
 
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#7445
Raymond Chu (General User)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 5  
If the registered proprietor of landed property is a non-citizen, then,
s.433B National Land Code 1965 will apply.

The first important task is to check with the State Authority gazette to determine
if there is any compulsory acquisition from the State. If none, then, the usual manner of
obtaining the State Authority consent will apply for non-citizen owners.

You also require State Authority consent and most importantly, income tax clearance
be properly carried out.

As for the conveyance procedures, the usual private land search and lodgment of private caveat
upon the conclusion of the negotiation with the signing of the agreement will take place.

One important point is in obtaining the plan for the location of the property from the relevant authorities.
Also, check whether the cukai tanah is settled.
 
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CHONG L C (Negotiator)
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Re:Sale of Land... Need advise pls 1 Year, 10 Months ago Karma: 0  
The Property Investor wrote:
Lin,

Buying a land is a much more complicated issue as compared to buying a property. Not just bringing a cheque and buy the title and the land is yours. Don't you first need to do a land search and your lawyers to get consents from appropriate authorities? Besides, you need to think of the conversion of the title and premium to be paid.

Buying a land? Get a lawyer to do it on your behalf. You are not buying a vegetable. What if you buy a tomato back instead?
actually my parent did that, didn't involve any conversion... quite straight forward thingy.
 
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#17479
Raymond Chu (General User)
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Re:Sale of Land... Need advise pls 1 Year, 9 Months ago Karma: 5  
During the British rule, in those days, land is almost a luxury belonging only to the noble and wealthy.

Today, this is more systematically coded under the National Land Code 1965.

Transparency is the key word and until today, red tapes are still a major uphill to many a practitioner.

Not easy but again, not really difficult either.

One has to make all the checks and searches and get certified copies of plans, maps etc from the relevant authorities to ensure what you buy is what you get.

To buy a kati of vegetables, you have to weight whether in kati or 600 gm.

Times may have change, but the weight of land dealings are still the same.
 
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#17635
CC Chow (Negotiator)
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Re:Sale of Land... Need advise pls 1 Year, 9 Months ago Karma: 0  
Chan Zhi Hao wrote:
Hi, can anyone enlighten me on the procedures for sale of land whereby the owner of the land is a Singaporean. If I can find a buyer for the seller, can I get the deal done with just the help of a conveyancing lawyer? I do not want to go through an agent as I want to avoid the commission cost. Thanks in advance

If you are not the owner nor the seller, what is your connection here ?
 
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#17643
Re:Sale of Land... Need advise pls 1 Year, 9 Months ago Karma: 0  
I think when it comes to legality or consultation regarding land issues, it will be great to see a lawyer
 
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#17650
Chan Zhi Hao (General User)
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Re:Sale of Land... Need advise pls 1 Year, 9 Months ago Karma: 0  
Someone wants to sell his land and I am helping to find a buyer for him. I'm not an agent and is just a normal peasant
 
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