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Subregulation 4

Sale of Commercial Properties Rules

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A developer shall, before accepting a booking fee from a prospective purchaser for an option to purchase any commercial property —(a)notify the prospective purchaser that the following documents are available for his inspection at a specified place and during specified hours free of charge:(i)a copy of the schedule of strata units or amended schedule of strata units for the building project comprising the commercial property as filed with and accepted by the Commissioner of Buildings; (ii)where any common property of the building project comprising the commercial property is designated as limited common property, a plan or description of the limited common property and the commercial properties in the building project the purchasers of which will be entitled to the exclusive benefit of the limited common property; (b)make available such documents for inspection at the specified place and during the specified hours if so requested by that prospective purchaser; and(c)provide the prospective purchaser with a notice of the documents and information that the developer must obtain to perform the customer due diligence measures required by section 5A of the Act, in the form that the Controller specifies on the Internet website at https://go.gov.sg/ura-amltf.

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