Sale And Purchase Agreement
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24THE SCHEDULE – continued
FORM E
Rule 12 (2)
SALE AND PURCHASE AGREEMENT
An Agreement made between _____________________________________ of
______________________ Housing Developer's Licence No. _____ (the
Vendor) and ______________________ of ________________________
(the Purchaser) on _____________________19____.
1.
General
1.1
Definitions
1.1.1 In this Agreement -
"Agreement" means this Agreement entered into between the Vendor
and the Purchaser for the sale and purchase of the Unit;
"authorised deductions" means deductions from the Purchase Price
which:-
(a)
are specified in a duly served notice under clause 5.2(a) or 5.5;
and
(b)
the Purchaser is entitled to make under this Agreement;
"Base Rate" means the average of the prevailing prime lending rates of
the Development Bank of Singapore, the Overseas Chinese Banking
Corporation, the Overseas Union Bank and the United Overseas Bank,
rounded downwards to the nearest one-eighth of 1%;
"Booking Fee" means the booking fee of $_________ paid as
consideration for the grant of the Option to purchase the Unit dated
______________ ;
"Building" means the building known or to be known as ____________
and forming part of the Housing Project *built/to be built/being built by the
Vendor on part of the land in the District of
in the
Republic of Singapore being part of Government Resurvey Lot _____ of
*Mukim/TS _____ forming part of the land contained in *Grant No/State
Lease No.
;
*Delete whichever is inapplicable
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