The Land Title Act is the main legislation governing the purchase of properties and the establishment of the Singapore Land Authority. The Singapore Land Register was established in 2001 when several departments were merged. Until then the Land Authority was divided into the Land Office, the Singapore Land Registry and the Survey Department and Land Systems Support Unit. The Land Registry in Singapore is subordinated to the Ministry of Law.
If you want to buy a property and need details about the purchase process you can rely on our agents in Singapore.
Upon formation, the Land Titles Act also provisioned the powers and responsibilities of the Singapore Land Register. These are:
Foreign citizens wanting to conduct a thorough real estate due diligence on a property are recommended to verify the estate with the Singapore Land Register.
After purchasing a property, one is required to register the land or the estate with the Singapore Land Authority. The same procedure is required for both natural persons and Singapore companies buying office or any other commercial space. The following steps are required in order to successfully register a property in Singapore:
The transfer application must be submitted with the IRAS within one month after buying the estate. Starting 2013 the registration of real estate property with the Singapore Land Register is done online.
For complete information about buying a property for commercial purposes you may contact our specialists in company formation in Singapore.