The Singapore Land Authority
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 experts in company formation in Singapore.
The role of the Singapore Land Registry
Upon formation, the Land Titles Act also provisioned the powers and responsibilities of the Singapore Land Register. These are:
- – to administer statutory declarations regarding property titles,
- – to issue notices with respect to possible fraud cases,
- – to request Singapore or foreign citizens documents with respect to property registration,
- – to verify property titles or other information related to the property in question,
- – to provide information about a certain property.
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.
Registering a property with the Singapore Land Register – a process explained by our agents who can help you open a company in Singapore
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. Our Singapore company formation advisers present the steps required in order to successfully register a property in Singapore:
- – to pay the Singapore stamp duty,
- – to submit an application with the Singapore Land Authority for the transfer of the property,
- – to submit a transfer application with the Inland Revenue Authority in Singapore (IRAS).
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 incorporation matters. Investors who want to open a company in Singapore, can receive specialized advice from our team.