Singapore High Court clarifies the nature of stakeholding monies in conveyancing transactions pursuant to the Housing Developers Rules

24 Aug 2021

The recent High Court decision of Lau Soon and another v UOL Development (Dakota) Pte Ltd and another appeal [2021] SGHC 195 represents the first time a Singapore Court considers the nature of stakeholding monies in a conveyancing transaction using the sale and purchase agreement prescribed by the Housing Developers Rules.

This article discusses this noteworthy decision. 

Please click here to read more about the update.