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In forceUpdated to 1 Jul 2026
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Schedules

Schedule 1 · Scheduled contracts

FIRST SCHEDULESections 2, 5(6) and 18(1)Scheduled contracts

1. The following are scheduled contracts:

(a)

a contract for the grant of a loan facility by a bank licensed under the Banking Act (Cap. 19) or a finance company licensed under the Finance Companies Act (Cap. 108) to an enterprise, where such facility is secured, wholly or partially, against any commercial or industrial immovable property located in Singapore;

(b)

a contract for the grant of a loan facility by a bank licensed under the Banking Act or a finance company licensed under the Finance Companies Act to an enterprise —

(i)

where such facility is secured, wholly or partially, against any plant, machinery or fixed asset located in Singapore; and (ii)where such plant, machinery or fixed asset (as the case may be) is used for manufacturing, production or other business purposes;

(c)

a performance bond or equivalent that is granted pursuant to a construction contract or supply contract;

(d)

a hire‑purchase agreement or conditional sales agreement as defined under the Hire‑Purchase Act (Cap. 125), where the good hired or conditionally sold under the agreement is —

(i)

any plant, machinery or fixed asset located in Singapore, where such plant, machinery or fixed asset is used for manufacturing, production or other business purposes; or

(ii)

a commercial vehicle;

(da)

a lease of —

(i)

any plant, machinery or fixed asset located in Singapore, where such plant, machinery or fixed asset is used for manufacturing, production or other business purposes; or

(ii)

a commercial vehicle, except —

(A)

a private hire car as described in the Second Schedule to the Road Traffic Act (Cap. 276); and

(B)

a taxi as described in the Second Schedule to the Road Traffic Act;[S 476/2020 wef 20/06/2020]

(e)

an event contract;

(f)

a tourism‑related contract;

(g)

a construction contract or supply contract;

(h)

a lease or licence of non‑residential immovable property;[S 376/2020 wef 13/05/2020]

(i)

an option given by a housing developer to an intending purchaser for the purchase of one or more units of housing accommodation;[S 376/2020 wef 13/05/2020][S 873/2020 wef 09/10/2020]

(j)

an agreement between a housing developer and a purchaser for the sale and purchase of one or more units of housing accommodation;[S 376/2020 wef 13/05/2020][S 873/2020 wef 09/10/2020]

(k)

an option given by a commercial developer to an intending purchaser for the purchase of one or more units of commercial property;[S 873/2020 wef 09/10/2020]

(l)

an agreement between a commercial developer and a purchaser for the sale and purchase of one or more units of commercial property.[S 873/2020 wef 09/10/2020]1A. Paragraph 1 excludes a contract in relation to which section 4 of the International Interests in Aircraft Equipment Act (Cap. 144B) applies.[S 301/2020 wef 20/04/2020]2. In this Schedule —“commercial developer” means any person that engages in the business of commercial development, and includes the Housing and Development Board established by the Housing and Development Act (Cap. 129) and the Jurong Town Corporation established by the Jurong Town Corporation Act (Cap. 150);[S 873/2020 wef 09/10/2020]“commercial development” means the construction or causing the construction of any number of units of commercial property, including any building operations in, on, over or under the land for the purpose of erecting such commercial property, and the sale of land which would be appurtenant to such commercial property;[S 873/2020 wef 09/10/2020]“commercial property” means any building or other premises which is permitted by or under any written law for use for a commercial or an industrial purpose, or for mixed purposes the predominant purpose of which is a commercial or an industrial purpose;[S 873/2020 wef 09/10/2020]“commercial vehicle” means a vehicle in Singapore that is —

(a)

a goods vehicle as defined in section 2 of the Road Traffic Act (Cap. 276), but does not include a goods‑cum‑passengers vehicle as defined in rule 2 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (Cap. 276, R 5);

(b)

an excursion bus, private bus, private hire bus, omnibus or school bus as described in the Second Schedule to the Road Traffic Act;

(c)

a private hire car as described in the Second Schedule to the Road Traffic Act;

(d)

a taxi as described in the Second Schedule to the Road Traffic Act; or

(e)

an engineering plant, such as a tractor, a road roller, an excavator, a forklift, a dumper, a grader, a concrete pump, a dozer, a loader, a skidder, a compactor, a scrapper, a pipe-layer, a handcraft, a pax step or an airport service equipment;“enterprise” means a body corporate or unincorporate that is incorporated, formed or established, and carries on business, in Singapore, where —

(a)

not less than 30% of its shares or other ownership interest is held by citizens of Singapore or permanent residents of Singapore or both; and

(b)

the turnover of the group (within the meaning of the Accounting Standards applicable to it) to which it belongs does not exceed $100 million in the latest financial year;[S 376/2020 wef 13/05/2020]“housing accommodation” includes a building or tenement wholly or principally constructed, adapted or intended for human habitation, or for human habitation and as business premises;[S 376/2020 wef 13/05/2020]“housing developer” means any person that engages in a business of housing development, and includes the Housing and Development Board established under the Housing and Development Act (Cap. 129);[S 376/2020 wef 13/05/2020]“housing development” means the construction or causing the construction of any number of units of housing accommodation, including any building operations in, on, over or under the land for the purpose of erecting such housing accommodation, and the sale of land which would be appurtenant to such housing accommodation;[S 376/2020 wef 13/05/2020]“unit” means a horizontal stratum of any building or part of a building, whether such stratum is on one or more levels, and which is intended for use in accordance with the provisions of any written law as a complete and separate unit for residential, commercial or industrial purpose.[S 376/2020 wef 13/05/2020][S 873/2020 wef 09/10/2020][Act 37 of 2020 wef 14/01/2021]

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