Sale and Purchase Agreement (SPA)

The Sale and Purchase agreement (SPA) is an agreement for property transactions which showed that the Vendor agrees to sell and the Purchaser agrees to purchase, based on the terms and conditions contained in the agreement.

If you are buying a residential unit in a subdivided building (ex. flat, condominium, apartment, landed strata or town houses) which is under construction from a developer, then the developer must adopt the standard agreement under Schedule H of the same regulation.