Singapore legislation
Regulation 16
Regulation 16
Deposit of 10% to be paid by purchaser
Amended byS 77/94
On every sale of immovable property under the Act, the person declared to be the purchaser shall pay, immediately after the declaration, a deposit of 10% on the amount of his purchase-money to the officer conducting the sale, and in default of the deposit, the property shall forthwith be put up for sale again.