07/07/2026
Think you've become the owner the moment you sign the SPA? Think again.
While the SPA creates a legally binding agreement between the buyer and seller, the property is not legally transferred to the purchaser until the necessary conveyancing steps are completed.
Before the property officially becomes yours, several key legal processes must take place:
💰 Completion
The purchaser must fulfil all obligations under the SPA, including payment of the purchase price within the agreed timeline.
🏦 Redemption
If the property is still financed by a bank, the seller's existing loan must first be settled and the charge released.
📑 Memorandum of Transfer (MOT)
Legal ownership is transferred only after the MOT has been duly stamped and registered with the relevant Land Office.
Every property transaction is unique, and overlooking these legal processes may lead to unnecessary delays or complications.
At JS Ling, Diyana & Singh, we're committed to guiding buyers and sellers through every stage of the transaction with confidence and peace of mind.
📞 Speak to our team today to ensure your property transaction is handled professionally.
