Tag: sales purchase agreement

ministry of law property buyers developers deposits covid-19

New Covid-19 law protects deposits paid by property buyers to developers

On 13 May 2020, the Singapore Ministry of Law (MinLaw) has put in place further legal provisions to protect eligible property buyers from penalties that arise from being unable to fulfil legally-binding contracts amid the Covid-19 pandemic. The Covid-19 (Temporary Measures) Act, which these provisions fall under, now includes two additional contracts (i) Option to…

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