Rep21 PS03

Part B REP21_PS03
REP21_PS03
INSTRUCTION SHEET
PRACTICE SESSION COMPETENCIES
1. Identify legislation relating to purchase of a residential property from a licensed housing

developer.
2. List the salient terms of an Option to Purchase and a Sale and Purchase Agreement issued by a
licensed housing developer.
3. List out the various stages of the purchase of a residential property from a licensed housing
developer.
4. Prepare and review the following documents:
(a) Purchaser’s and mortgagee’s caveats;

(b) CPF Board’s Application to Notify Charge;
(c) Mortgage-in-escrow; and
(d) Deed of Assignment (Mortgage).
5. Advise purchasers on their rights and liabilities under the Sale and Purchase Agreement upon
taking possession of the property.
WHAT YOU NEED TO BRING FOR THIS PRACTICE SESSION
Please bring the following to the Practice Session:
1. REP21_PS03;
2. Housing Developers Rules;
3. Residential Property Act;
4. The Law Society of Singapore's Conditions of Sale 2012;
5. The Law Society of Singapore's Conditions of Sale 2020;
6. Inland Revenue Authority of Singapore (“IRAS”) E-Tax Guide on Buyer’s Stamp Duty (“BSD”)
for Residential and Non-Residential Properties (Published on 19 February 2018);
7. IRAS Fact Sheet on the Adjusted Additional Buyer’s Stamp Duty (“ABSD”) Rates for
Acquisitions made on / after 6 July 2018;
8. Any other later editions of fact sheets and e-tax guides which may be published by IRAS;
9. Calendar; and
10. Calculator.
SILE Part B 2021 1| P a g e

Part B REP21_PS03
FACTS OF THE MATTER
You act for Joel Ma and his wife Alison Budiman in their purchase of a condominium unit in the
development at Henderson Drive, Red Residences (“the Property”). The Option to Purchase (in the
prescribed Form 2 under the Housing Developers Rules) (the “Option to Purchase”) was granted on
21 August 2021 for the price of $1,800,000.00. Clients have informed the developer that you will be
acting in the purchase, and on 2 September 2021, you receive the Sale and Purchase Agreement (in
the prescribed Form 5 under the Housing Developers Rules) (the "Sale and Purchase Agreement")
from the developer's solicitors. Your clients met you to discuss their purchase. Joel is a citizen of
Singapore. Alison is an Indonesian and permanent resident of Singapore.
Joel had inherited a 20% share of a private residential apartment from his late mother’s estate five
years ago. Joel and Alison do not own any other property.
Alison is having second thoughts on continuing with the purchase of the Property as she is now
considering purchasing instead from another licensed housing developer a terrace house under
construction.
Your clients intend to finance the purchase of the Property with:

1. a bank loan of $900,000.00 from Williams Bank Ltd;
2. Central Provident Fund ("CPF") monies of $125,000.00 from Joel's CPF account; and
3. cash for the balance purchase price.
TASK INSTRUCTIONS
Please prepare the following for this practice session:
1. List out the various stages of the purchase of the Property from a licensed housing
developer.
2. Advise the Purchasers on their eligibility to purchase the Property as well as the terrace
house.
3. Calculate the stamp duty (comprising buyer’s stamp duty and additional buyer’s stamp duty,
if any) payable by the Purchasers. Advise on whether the additional buyer’s stamp duty can
be refunded/remitted.
4. Prepare a Payment Schedule in the format attached to this PS03 (showing the various
progress payments and the source of funds for such payment (e.g. cash/CPF/loan). You may
assume that the Option to Purchase was exercised on 23 September 2021. On 30 September
2021, the Developers’ solicitors returned you the Sale and Purchase Agreement and gave you
notice of completion of works with a copy of an architect’s certificate.
5. For this matter, both the CPF Board and the mortgagee have appointed you to act for them.
Review the purchaser’s and mortgagee’s caveats, mortgagee’s Deed of Assignment and the
CPF Board’s Application to Notify Charge.
6. Consider how a mortgage for a property without separate title would be different from a

Part B REP21_PS03
mortgage for a property with separate title.
7. Advise the Purchasers on their rights and liabilities under the Sale and Purchase Agreement
upon taking possession of the Property.
Suggested time for completing tasks: 2 days

Part B REP21_PS03
SINGAPORE TITLES AUTOMATED REGISTRATION SYSTEM

(S T A R S)
Lot Number : MK8-1474X

Property Address : Not available
Lot Area : 27750.0 SqM

Final Plan : CPST 89162
Approved On : 21/12/2015
State Title Tenure : LEASEHOLD ESTATE

Lease Duration : 99 Years
Commencement Date : 31/05/2018
State Title Expiry Date : 30/05/2117
State Title No : LEASE 29312
State Title Date : 12/02/2019
Title Document Number : CT VOL 632 FOL 11

Title Document Status : LIVE
Share Comprised in : Whole
Title Document
Instrument Nature : Not Available
Instrument Number : Not Available
Last Contract Date : Not Available
Share in Land Transferred : Not Available
Known Encroachment : No
CAUTION:
Information on share in land transferred may not be conclusive due to amalgamation and subdivision of land etc. If you need
to verify further, you can request for a copy of the instrument shown in the printout from this portal. Where the “Known
Encroachment” indicator is "Yes", please check that you have both the title and encroachment information printouts.
PO: 70A258231276F Copyright © 2021 Singapore Land Authority. All Rights Reserved.

Part B REP21_PS03

(S T A R S)
INLIS
PSSRS100A : LAND REGISTER SEARCH PRINTOUT 03/09/2021 13:02:43
( PRINT WHOLE LAND REGISTER WITH ENCUMBRANCES PERTAINING TO PAGE : 1
CHILD STRATA LOT MK8-U71211T ONLY )
===============================================================================
[#1] INTELLECTUAL PROPERTY
The data and information supplied to you through this system (such data and information hereinafter collectively
known as "Information") is the intellectual property of the Singapore Land Authority ("SLA") and as such is
protected by copyright and other intellectual property laws. All ownership rights remain with SLA.
[#2] USE OF INFORMATION
You shall not make or attempt to make any deletions, additions, adjustments or alterations to any of the
Information. You may only use the Information for your personal use and you shall not lend, license, sell, resell, or
disseminate, with or without charge any of the Information or commercially exploit any of the Information in any
manner whatsoever, whether in Singapore or elsewhere. Any unauthorised use of the Information is prohibited.
[#3] DISCLAIMER
SLA is not responsible for the accuracy or completeness of data extracted from instruments and/or deeds.
[#4] INFORMATION ON DOCUMENTS LODGED
Information on caveats and brief particulars of instruments (parties' names, lot numbers and time of lodgement)
will be shown on the day of lodgement or by 9:00 am on the next working day.
[#5] CAVEAT INDEX
Land and strata lots may be subdivided or amalgamated. Please check the up-to-date lot numbers before making
your search.
[#6] PROPERTY ADDRESS
[a] You can make a search by using the property address. Please verify that the property address is correctly
cor-related to the lot.
[b] Data on the cor-relation of the property address to the lot is not administered by the Commissioner of
Lands, Registrar of Titles and Chief Surveyor and therefore they are not responsible for the incorrect cor-
relation (if any).

Part B REP21_PS03

(S T A R S)
INLIS
===============================================================================
Certificate of Title
Volume 632 Folio 11
Ref No : PAGE 1
Pursuant to : Edition 3
Number of Updates 902
dated 24 AUG 2021
This is to certify that the person described as proprietor hereto is the registered subsidiary proprietor of the estate and land
SUBJECT to any subsisting exceptions, reservations, covenants and conditions contained or implied in the undermentioned
State Title and SUBJECT also to the encumbrances and interests registered or notified in this folio and section 46 of the
Land Titles Act.
======================== ESTATE AND LAND DESCRIPTION ==========================
Land Tenure : LEASEHOLD ESTATE

Lease Duration : 99 Years
Commencement Date : 31/05/2018
State Title Expiry Date : 30/05/2117
State Title No : LEASE 29312
State Title Date : 12/02/2019
*Certified
Lot No Area (Sq M) Plan No Area Type
------------ ---------- -------------- ---------
MK8-1474X 27750.0 CPST 89162 --
* Plan filed in Chief Surveyor’s Office

Part B REP21_PS03

(S T A R S)
INLIS
==============================================================================
Volume 632 Folio 11
Ref No : PAGE 2
dated 24 AUG 2021
==================== PARTICULARS OF PROPRIETOR AND ADDRESS ====================
ID No : 201742886B
Name : JK PTE. LTD.
Address : 26 ROBERTSON ROAD #15-01
SINGAPORE 412319
Citizen of / : SINGAPORE
Place Incorp
================================= MEMORIAL ====================================
Nil
=================================== CAUTION ===================================
Nil
==================================== NOTICE ===================================
Nil
================================ ORDER OF COURT ===============================
Nil
============================= INTEREST/ENCUMBRANCE ============================
1 MORTGAGE IF/907568A lodged on 12/04/2019 at 12:59
MORTGAGEE
----------
AA BANK LTD
REGISTERED ON : 17/04/2019

Part B REP21_PS03

(S T A R S)
INLIS
==============================================================================
Volume 632 Folio 11
Ref No : PAGE 3
dated 24 AUG 2021
======================== PUBLIC INSPECTION AND SEARCH =======================
The information contained in this Certificate of Title forms part of the public records available for inspection and search by
members of the public upon payment of a fee.
============================== POST REGISTRATION ==============================
Nil
============================= PENDING INSTRUMENTS =============================
Nil
================================ CERTIFICATION ================================
This Certificate of Title was embodied in the land-register on 12 FEB 2019
REGISTRAR OF TITLES
SINGAPORE
NO ENCUMBRANCES LODGED AGAINST THE

ABOVE SPECIFIC SEARCH KEY
IMPORTANT NOTICES -(1) THE INFORMATION PRINTED IN THIS TITLE IS THE LATEST AS AT THE TIME
WHEN PRINTING STARTED.
- (2) THE INFORMATION PRINTED IS BASED ON THE SEARCH

KEY AND VARIATIONS THEREOF.
** This Certificate of Title is safe-kept with the Registry **

** through an arrangement with the Mortgagee/Chargee. **
** Please contact the Mortgagee/Chargee to submit an "Authorisation Form - **
** Suppressed Title" to register any instruments that require the production **
** of this Certificate of Title. **
========================= END OF LAND REGISTER SEARCH =========================

Part B REP21_PS03
AA BANK LTD
28 January 2019
JK Pte. Ltd.
26 Robertson Road #15-01
Singapore 412319
Dear Sirs,
CONDOMINIUM HOUSING DEVELOPMENT ON MK 8 LOT 1474X AT HENDERSON DRIVE
1. We refer to:-
(a) The Facility Agreement entered into between yourselves as Borrower and
ourselves as Lender; and
(b) The Mortgage Instrument IF/907568A entered into between yourselves as
Mortgagor and ourselves as Mortgagee ("Paramount Mortgage").
2. Subject to the Housing Developers (Project Account) Rules, we will at your

written request and expense, execute a deed of partial release or partial
discharge of mortgage in such form and on such terms as may be acceptable to
us, to release an individual unit from the Paramount Mortgage subject to the
following:
(a) The minimum average selling price shall not be less than S$1,380.00 per
square foot or such other price as may be approved by us;
(b) The Temporary Occupation Permit of the development has been issued; and
(c) All instalments of the purchase price up to and including the instalment
payable upon the issuance of Temporary Occupati on Permit, ie.
aggregate of 85% of the purchase price (or such other higher minimum
aggregate amount, if so required by the authority) of the said unit has been
paid by the purchaser into the Project Account No. 423-378-251-5 maintained
by you with us.
3. All cost and expenses of preparing and if applicable, registering the deed of partial
release or partial discharge of Mortgage shall be borne by you.
Yours faithfully,
For and on behalf of

AA BANK LTD
(signed)
James Miller
Vice President
Corporate Banking Singapore

Part B REP21_PS03
IMPORTANT NOTICE
The information contained in this instrument forms part of the public records
available for inspection and search by members of the public upon payment of
a fee. The information is collected and used for the purpose of maintaining the
land register pursuant to the Land Titles Act.
For Official Use Only

Instrument No. IG/905864L
THE LAND TITLES ACT Version No. Based on
0.01
Registered By
CAVEAT Registered On
DESCRIPTION OF LAND
Title
Lot No Extent Property Address
Type Vol Fol
CT 632 11 MK8-1474X Part -
Description of plot/unit/child lot details
Development Name : Red Residences

Street Name: Henderson Drive
Title Lot No. Child Lot / Extent Level No. Plot/Unit No. House / Block
CT VOL 632 FOL 11 MK8-1474X MK8-U71211T 11 01 14
(Whole)
CAVEATOR
ID / Co Regn No: S8645825J

Name: ALISON BUDIMAN
Citizenship / Place of Incorporation: INDONESIA
Non-Citizen: PERMANENT RESIDENT
17 JONES STREET #11-01
Address (within Singapore for service of notice):
SINGAPORE 493001
ID / Co Regn No: S8810098F

Name: JOEL MA
Citizenship / Place of Incorporation: SINGAPORE
SINGAPORE 493001
REGISTERED PROPRIETOR
ID / Co Regn No: 201742886B

Name: JK PTE. LTD.
26 ROBERTSON ROAD #15-01
SINGAPORE 412319

Part B REP21_PS03
IMPORTANT NOTICE
available for inspection and search by members of the public upon payment
of a fee. The information is collected and used for the purpose of
maintaining the land register pursuant to the Land Titles Act.
INTEREST CLAIMED
I, the Caveator claiming an ESTATE OR INTEREST in the land as Purchaser.
CONSIDERATION DETAILS
Date of Contract: 23/09/2021

Singapore Dollars One Million Eight Hundred
Purchase Price:
Thousand Only (S$1800000.00)
GROUNDS OF CLAIM
By virtue of:-
* a Sale and Purchase Agreement dated 23/09/2021 between the Registered Proprietor and the Caveator.
PROHIBITION CLAUSE
HEREBY PROHIBITS the REGISTRATION of any instrument affecting the land:

Including any dealing listed in Section 129(1A) of the Land Titles Act unless the caveator or some person
nominated by him in the caveat has consented in writing to such registration.
DATE OF CAVEAT: 23/09/2021
EXECUTION BY CAVEATOR/CAVEATOR’S SOLICITOR
Digitally signed by : xxx xxx xxx

Solicitor for Caveator
CERTIFICATE OF CORRECTNESS
I, solicitor for the CAVEATOR hereby certify that this instrument is correct for the purposes of the Land Titles
Act and that I hold a practicing certificate which is in force as at the date of this instrument.

CASE FILE REFERENCE
Law firm case file reference:

Part B REP21_PS03
Your Ref:
Our Ref:
30 September 2021
[Purchaser's Law Firm] BY HAND
Dear Sirs
RED RESIDENCES
SALE OF 14 HENDERSON DRIVE #11-01, SINGAPORE 784112
1. We refer to the above matter.
2. We enclose the Sale and Purchase Agreement duly signed by our clients and a copy of the
architect’s certificate certifying completion of works under Clauses 5.1.2(a), (b) and (c) of the
Sale and Purchase Agreement.
3. Please let us have payment of 25% of the purchase price within 14 days of the date hereof,
or 8 weeks after the date of the Option, whichever is the later. Payment is to be made by way
of cheque or cashier’s order crossed “Account Payee only” drawn in favour of “AA BANK LTD
FOR PROJECT ACCOUNT NUMBER 423-378-251-5 OF JK PTE. LTD.”
4. Please acknowledge receipt of this letter and the enclosures.
Yours faithfully
[Developer’s Law Firm]
encs
cc JK Pte Ltd

Part B REP21_PS03
LWY Architects LLP

Date: 10 August 2021
PAGE 6
CERTIFICATE OF STAGE COMPLETION NO. 9
Project : PROPOSED CONDOMINIUM HOUSING DEVELOPMENT COMPRISING OF 3

BLOCKS OF 10 STOREY, 4 BLOCKS OF 12 STOREY, 2 BLOCKS OF 13 STOREY AND
4 BLOCKS OF 15 STOREY RESIDENTIAL UNITS (TOTAL 800 UNITS) WITH
SWIMMING POOL, TENNIS COURT, COMMUNAL FACILITIES AND 2 LEVELS OF
BASEMENT CAR PARK ON MK 8 LOT 1474X AT HENDERSON DRIVE.
Developer : JK PTE LTD
I hereby certify completion of the following:
BLK 14 STAGE OF CONSTRUCTION

HENDERSO
N DRIVE
UNIT Foundation Reinforced Partition Roofing/ Door Carparks, Temporary
Work Concrete walls Ceiling sub-frames/door Roads & Occupation
(inclusive of Framework (inclusive frames & window Drains Permit
pile caps) of False frames are in serving the
ceiling) position, Electrical Housing
Wiring (without Project
Fittings), Internal
Plastering and
Plumbing
#10-04 C C C
#11-01 C C 10/08/21
#11-02 C C 10/08/21
#11-03 C C 10/08/21
#11-04 C C 10/08/21
#12-01 C C
#12-02 C C
#12-03 C C
#12-04 C C
#13-01 C C
Certified by
ALEX
__________________
ALEX CHAN
Architect
* C (Denote – previously certified)

* Date (Denote – current certification)
PAYMENT SCHEDULE
PROPERTY ADDRESS:

Part B REP21_PS03
PURCHASE PRICE : $
CPF FUNDS : $
MORTGAGE LOAN : $________________
BALANCE FROM CLIENTS’ OWN FUNDS (cash): $ ________________
PAYMENT PROGRESS AMOUNT(S) FROM SOURCE OF FUNDS DUE DATE (where

SCHEDULE PAYMENT RESPECTIVE SOURCE OF (CASH /CPF/LOAN) available)
AMOUNT FUNDS (CASH/CPF
/LOAN)
Booking fee
cl. 5.1.1
balance
(20% less 5%
booking fee)
cl. 5.1.2(a)
(10%)
cl. 5.1.2(b)
(10%)
cl. 5.1.2(c)
(5%)
cl. 5.1.2(d)
(5%)
cl. 5.1.2(e)
(5%)
cl. 5.1.2(f)
(5%)
cl. 5.1.3
(25%)
Completion:

Part B REP21_PS03
15% payable
cl. 5.1.4/5
(8%)
cl. 5.1.4/5
(5%)
Cl 5.1.4/5
(2%)
Total

Part B REP21_PS03
IMPORTANT NOTICE

Instrument No. IG/650856L
0.01
Registered By
APPLICATION TO NOTIFY CHARGE Registered On
DESCRIPTION OF LAND
Title
Type Vol Fol
CT 632 11 MK8-1474X Part -

(Whole)
CHARGEE
Name: CENTRAL PROVIDENT FUND BOARD

Address (within Singapore for service of 238B THOMSON ROAD #08-00 TOWER B NOVENA SQUARE
notice): SINGAPORE 307685
(hereinafter called the “Chargee” which expression shall include its successors and assigns) HEREBY GIVES
NOTICE of a Charge created under section 21 of the Central Provident Fund Act (hereinafter called “the CPF
Act”) in favour of the Chargee over the registered estate or interest of the belownamed registered proprietor in
the abovementioned land.
CHARGOR

Address (within Singapore for service of 17 JONES STREET #11-01

Part B REP21_PS03
IMPORTANT NOTICE

Name: JOEL MA
Address (within Singapore for service of 17 JONES STREET #11-01
by virtue of and arising out of an Agreement for Sale and Purchase (hereinafter called the "said Agreement")
made on 23/09/2021 between the belownamed Registered Proprietor as vendor of the one part and the
Chargors as co-purchasers of the other part which said Charge extends to all the rights, benefits and interests
of each of the Chargors under the said Agreement, as security in respect of withdrawal(s) made before, on
and/or after the date of this Application from the Central Provident Fund of moneys standing to the credit of
the said JOEL MA , the first of such withdrawal(s) having been made on or before the date of this Application.

Name: JK PTE. LTD.
Address (within Singapore for service 26 ROBERTSON ROAD #15-01
of notice): SINGAPORE 412319
DATE OF APPLICATION:
EXECUTION BY CHARGEE / CHARGEE’S SOLICITIOR
Digitally signed by xxx xxx xxx

Solicitor for Chargee
I, solicitor for the CHARGEE hereby certify that this instrument is correct for the purposes of the Land Titles
Digitally signed by xxx xxx xxx

Solicitor for Chargee
CASE FILE REFERENCE

CPF case file reference:

Part B REP21_PS03
IMPORTANT NOTICE

Instrument No. IG/906832A
0.01
Registered By
CAVEAT Registered On
DESCRIPTION OF LAND
Title
Type Vol Fol
CT 632 11 MK8-1474X Part -

(Whole)
CAVEATOR
ID / Co Regn No: 196001597D

Name: WILLIAMS BANK LTD
47 PHILLIPS ROAD
SINGAPORE 257130

Name: JK PTE. LTD.
26 ROBERTSON ROAD #15-01
SINGAPORE 412319
CAVEATEE

SINGAPORE 493001

Part B REP21_PS03
IMPORTANT NOTICE

Name: JOEL MA
SINGAPORE 493001
INTEREST CLAIMED
I, the Caveator claiming an ESTATE OR INTEREST in the land as Mortgagee.
GROUNDS OF CLAIM
By virtue of:-
 A Sale and Purchase Agreement dated 23/09/2021 entered into between the Registered Proprietor and
the Caveatee wherein the Registered Proprietor agreed to sell and the Caveatee agreed to purchase the
above land and premises described.
 A letter of offer/facility letter as revised, varied, amended, supplemented and/or superseded from time
to time granted by the Caveator to the Caveatee on 24/09/2021 and duly accepted by the Caveatee on
24/09/2021.
 Deed of Assignment executed or to be executed by the Caveatee in favour of the Caveator.
 Release of monies or part thereof by the Caveator thereby creating an equitable mortgage.
 The Caveatee has agreed to mortgage the land above described to the Caveator to secure credit facilities
granted.
PROHIBITION CLAUSE
HEREBY PROHIBITS the REGISTRATION of any instrument affecting the land:

Including any dealing listed in Section 129(1A) of the Land Titles Act unless the caveator or some person
nominated by him in the caveat has consented in writing to such registration.
DATE OF CAVEAT: 06/10/2021
EXECUTION BY CAVEATOR/CAVEATOR’S SOLICITOR


Part B REP21_PS03
IMPORTANT NOTICE
I, solicitor for the CAVEATOR hereby certify that this instrument is correct for the purposes of the Land Titles

CASE FILE REFERENCE

Part B REP21_PS03
IMPORTANT NOTICE

Instrument No. IG/916507A
0.01
Registered By
MORTGAGE Registered On
DESCRIPTION OF LAND
Title Lot No Extent Property Address

Type Vol Fol
MK8- U71211T Whole 14 Henderson Drive #11-

01, Red Residences,
Singapore 784112
MORTGAGOR

SINGAPORE 493001
Name: JOEL MA

SINGAPORE 493001
the proprietor (hereinafter called the “Mortgagor”) of the land and premises above described (hereinafter
called the “Mortgaged Property”), in consideration of the Mortgagee

Part B REP21_PS03
IMPORTANT NOTICE
The information contained in this instrument forms part of the public
records available for inspection and search by members of the public upon
payment of a fee. The information is collected and used for the purpose of
MORTGAGEE
ID / Co Regn No: 196001597D

Name: WILLIAMS BANK LTD.
47 PHILLIPS ROAD
SINGAPORE 257130
(hereinafter called the "Bank") agreeing or continuing, to make available to the Mortgagor general banking
facilities including but not limited to advances, revolving credit facilities, overdraft facilities, loans, guarantee
facilities and term facilities and such other general banking and credit facilities or other accommodation
whether in Singapore Dollars or in any Foreign Currency up to such amount or amounts and to such extent as
the Bank may from time to time agree (hereinafter called the “Banking Facilities”).
The Mortgagor HEREBY MORTGAGES to the Mortgagee all the Mortgagor’s registered estate or interest in the
said land (hereinafter called “the Mortgaged Property”) SUBJECT to the following PRIOR ENCUMBRANCES and
subject to the covenants and conditions hereafter set out:
PRIOR ENCUMBRANCES
Subject to Application to Notify Charge IG/650856L in favour of Central Provident Fund Board
COVENANTS AND CONDITIONS
 To perform and observe the covenants and conditions set forth in the Memorandum of Mortgage
filed in the Singapore Land Authority and numbered as IA/500114T.
 To perform and observe the covenants and conditions implied by law in mortgages of registered
land.
 To perform and observe the covenants and conditions set forth in the attached document (Annex 1 –
Additional Terms)
Each attachment to this Mortgage shall form an integral part of this Mortgage and the provisions
thereof shall have the same force and effect as if set out in the main body of this Mortgage.
 Please see attached document

Part B REP21_PS03
IMPORTANT NOTICE
a fee. The information is collected and used for the purpose of maintaining
the land register pursuant to the Land Titles Act.
DATE OF INSTRUMENT:
EXECUTION BY MORTGAGOR
Signature: ______________________________________
JOEL MA
Witness: ______________________________________
Signature: ______________________________________
ALISON BUDIMAN
Witness: ______________________________________

Part B REP21_PS03
IMPORTANT NOTICE
a fee. The information is collected and used for the purpose of maintaining
the land register pursuant to the Land Titles Act.
EXECUTION BY MORTGAGEE
Signed by WILLIAMS BANK Ltd.
Signature: ____________________________
By its Attorney
____________________________ acting
under a Power of Attorney registered in the
Registry, Supreme Court as No. ___________
Witness: ___________________________
SIMILAR INTEREST CONFRIMATION
I, solicitor for the MORTGAGEE hereby confirm that the interest of the MORTGAGEE is similar to that in Caveat
No. IG/906832A.
Name of Solicitor: ___________________________
Signature: ___________________________
I, solicitor for the MORTGAGOR hereby certify that this instrument is correct for the purposes of the Land
Titles Act and that I hold a practicing certificate which is in force as at the date of this instrument.
Signature: ___________________________

Part B REP21_PS03
IMPORTANT NOTICE
I, solicitor for the MORTGAGEE hereby certify that this instrument is correct for the purposes of the Land
Titles Act and that I hold a practicing certificate which is in force as at the date of this instrument.
Signature: ___________________________
CASE FILE / STAMP DUTY CERTIFICATE REFERENCE

Stamp Duty Certificate reference:

Part B REP21_PS03
ANNEX 1 – ADDITIONAL TERMS
COVENANTS AND CONDITIONS
1. The Mortgagor hereby covenants with the Bank to pay the Bank:
1.1 on demand all sums of money which at the date of such demand shall be owing or remain unpaid to
the Bank by the Mortgagor on the Mortgagor’s account current with the Bank or by the Mortgagor
either alone or jointly or jointly with any other person, whether as principal debtor, guarantor, surety
or otherwise howsoever or in any manner whatsoever on any account or otherwise in any manner
howsoever and whether in respect of moneys advanced or paid to or for the use or accommodation
of or on behalf of the Mortgagor either alone or jointly or jointly with any other person and all other
liabilities, whether present, future, actual or contingent including (but without prejudice to the
generality of the foregoing) the balance for the time being owing for or in respect of cheques, bills,
notes, drafts or other negotiable or non-negotiable instruments signed, drawn, accepted or endorsed
by and on behalf of the Mortgagor either alone or jointly or jointly with any other person and
discounted, paid or held by the Bank either at the request of the Mortgagor or in the course of
business or otherwise or in respect of letters of credit, trust receipts, guarantees, indemnities or any
contracts for the forward delivery of goods, bills or specie or other documents or instruments signed
by the Mortgagor either alone or jointly or jointly with any other person and held by the Bank or in
respect of any moneys or liabilities whatsoever for which the Mortgagor either alone or jointly or
jointly with any other person shall be liable to the Bank in any manner howsoever and whether as
principal or as surety together with in all cases aforesaid interest next hereinafter covenanted to be
paid calculated on a daily basis with such periodic rests as the Bank may from time to time determine
and together also with commission, discount and charges incurred in connection with cheques, bills or
notes and all other customary banking charges or in respect of any other banking facilities whatsoever
pursuant to the terms and conditions of any offer facility or commitment letter(s) or agreement(s) in
relation thereto as revised varied amended supplemented or superseded from time to time
hereinafter collectively referred to as “the Letter of Offer”);
1.2 interest on daily balances on or in respect of the principal amount of the Banking Facilities or any part
thereof as shall from time to time be owing or remain unpaid to the Bank as aforesaid at such rate or
rates per annum as may be specified from time to time by the Bank as being applicable to the
particular Banking Facility with such periodic rests as the Bank may from time to time determine,
subject to a monthly minimum charge of such amount as the Bank may from time to time determine
and ALSO if and when the said account current or any other account hereinbefore mentioned shall be
closed or shall cease to be current a balance shall be owing or remain unpaid to the Bank to pay
interest on such balance at such rate or rates as may be fixed by the Bank with monthly rests or such
other periodic rests as the Bank may from time to time determine, from the date of such demand
being made until full payment is received by the Bank both after as well as before judgement (if any)
shall have been obtained in respect thereof;
1.3 (on a full indemnity basis) on demand all costs, charges and expenses howsoever incurred by the Bank
or by any receiver or by any delegate or sub-delegate appointed by the Bank pursuant to this
Mortgage in relation to this Mortgage or such liabilities as aforesaid including (but without prejudice
to the generality of the foregoing) remuneration payable to any such receiver, delegate or sub-
delegate as aforesaid and all costs, charges and expenses incurred in the protection, realisation or
enforcement of the security constituted by this Mortgage or in insuring, inspecting, repairing,
maintaining, completing, managing, letting, realising or exercising any other power, authority or
discretion in relation to the Property or any part thereof incurred pursuant to this Mortgage; and
1.4 Interest on each of the costs, charges and expenses specified in clause 1.3 above calculated day by
day from demand until full discharge (whether before or after judgement) at the rate or rates per
annum as may from time to time be determined or specified by the Bank. Provided that in relation to
such costs, charges and expenses, interest shall accrue and be payable as from the date on which the
same are incurred by the Bank or by the receiver, delegate or sub-delegate as aforesaid or will
become due to the receiver, delegate or sub-delegate under the terms of his appointment without
Part B REP21_PS03
the necessity for any demand being made therefor. The interest accrued shall be paid on the last
business day of the calendar month in which such interest accrued and any interest payable under
this clause 1.4 which is not paid in accordance with this clause 1.4 shall be added to the overdue sum
and itself bear interest accordingly.
2. The Mortgagor hereby further covenants:
2.1 to perform and observe the covenants and conditions implied by law in mortgages of registered land;
2.2 to perform and observe all terms and conditions contained in or referred to in each Letter of Offer (as
revised, amended or supplemented from time to time), now, hereafter or from time to time issued by
the Bank in relation to the Banking Facilities; and
2.3 to perform, observe and be bound by the covenants and conditions set forth in the Memorandum
(hereinafter called the “Memorandum”) filed in the Singapore Land Authority and numbered as
IA/500114T.
3.1 The provisions of the Memorandum shall apply hereto and in the application thereof to this Mortgage,
each and every reference in the Memorandum to the words set out in the first column below shall have
the meanings set forth in the second column below respectively;
Word or Expression Meaning
“Bank”: the Bank/Mortgagee hereinbefore named.
“Mortgage”: this Instrument of Mortgage
“Mortgaged Property”: the land and premises above described and herein
defined as the “Mortgaged Property”
“Mortgagor”: the Mortgagor hereinbefore named
3.2 The words “hereof”, “herein”, “hereon” and “hereunder” and words of similar import, when used in
this Mortgage, shall refer to this Mortgage as a whole and not to any particular provision of this
Mortgage
4. Unless the context otherwise requires, words importing the singular number include the plural
number and vice versa and words denoting the masculine gender shall include the feminine and
neuter gender.
5. Where more than one person constitutes the Mortgagor,
5.1 all covenants, obligations, stipulations and agreements expressed to be made by the Mortgagor in this
Mortgage or in the Memorandum shall be deemed to be made by, and shall be binding on them
jointly and severally; and
5.2 all references in the Mortgage and the Memorandum to the “Mortgagor” shall where the context so
admits, include references to any or all of them and shall also include his legal personal
representatives, successors and permitted assigns.
6. It is hereby agreed between the parties and declared as follows:
6.1 The Banking Facilities are granted, lent or advanced on the express condition that the Bank may from
time vary the rate(s) of interest payable thereon at any time by the Bank given written notice thereof
to the Mortgagor, and such variation of the interest rate shall take effect on the date specified in the
Bank’s written notice. Notwithstanding the foregoing and for the avoidance of doubt, the Bank shall
not be required to give any notice in respect of any changes in the rate of interest payable in respect
Part B REP21_PS03
of any part of the Banking Facilities arising from changes in the prime lending rate of the Bank, where
such interest rate is expressed as a margin or percentage above or below the prime lending rate of
the Bank.
6.2 This Mortgage expressly authorises the Bank to make further advances or give credit in instalments or on
a current, revolving or continuing account or otherwise or any other credit or banking facilities or
accommodation whatsoever from time to time to the Mortgagor whether solely or jointly or jointly with
any other person or persons in partnership or otherwise and all moneys and liabilities owing to the Bank
from time to time in connection therewith shall be secured by this Mortgage in addition to the moneys
and liabilities (if any) already outstanding or incurred as at the date hereof.
6.3 The Banking Facilities and any other payments made by the Bank hereunder shall be deemed to have
been advanced or paid on the same day as the date of the Bank’s cheque, cashier’s order, bank draft or
other similar instrument therefor or on the same day that the Bank credits the same into or makes the
same available through an account of the Mortgagor opened or to be opened with the Bank, as the case
may be.
6.4 The Mortgagor may at any time on giving to the Bank not less than two (2) months’ prior written
notice (commencing from the date of the Bank’s receipt of such notice) or upon the Mortgagor’s
payment of two (2) months’ interest in lieu of such notice, redeem the Mortgaged Property upon
payment of all or any moneys due to the Bank on the security of this Mortgage including interest
calculated up to the date of payment.
6.5 If full repayment of all moneys due to the Bank on the security of this Mortgage including interest
calculated up to the date of such full payment does not take place within two (2) months from and
including the date the Bank receives the notice given by the Mortgagor pursuant to clause 7.4, that notice
shall be deemed ineffective and a fresh two (2) months notice shall be given or, two (2) months’ interest
in lieu of such fresh notice shall be paid, as the case may be, if the Mortgagor wishes to proceed with such
full repayment.
6.6 Without prejudice to any other rights and remedies of the Bank, in respect of any amount required or
covenanted to be paid by the Mortgagor under this Mortgage and the Memorandum which is not paid on
the due date(s), additional interest calculated with such periodic rests and at such rate or rates
determined by the Bank may be charged on such overdue sums. In addition, the Mortgagor shall
indemnify and keep indemnified the Bank for such overdue sums together with the additional interest
thereon and, (without prejudice to the Bank’s other rights and remedies) the Bank shall have the right to
debit the Mortgagor’s account with all sums required to be paid by the Mortgagor (including interest
thereon) in such manner as the Bank may prescribe from time to time, notwithstanding that such debiting
may result in the account of the Mortgagor becoming overdrawn.
7. The provisions of this Mortgage shall be governed by and construed in accordance with the laws of
Singapore. The Mortgagor hereby irrevocably agrees that the courts of Singapore shall have non-exclusive
jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may
arise out of or in connection with this Mortgage or the banking facilities (hereinafter called the
“Proceedings”). The Mortgagor irrevocably submits to the non-exclusive jurisdiction of the courts of
Singapore and waives any objection which the Mortgagor might have now or hereafter to such courts
being nominated as the forum to hear and determine any Proceedings and agrees not to claim that any
such court is not a convenient or appropriate forum.
7A Nothing in Clause 7 hereof shall affect the right of the Bank to take Proceedings in any other competent
jurisdiction nor shall the taking of Proceedings in any jurisdiction preclude the Bank from taking
Proceedings in any other competent jurisdiction.
8. Unless expressly provided to the contrary in this Mortgage, a person who is not a party to this Mortgage
may not enforce any of its terms of this Mortgage under the Contracts (Rights of Third Parties) Act
(Chapter 53B) and notwithstanding any term of this Mortgage, the consent of any third party is not

Part B REP21_PS03
required for any variation (including any release or compromise of any liability) or termination of this
Mortgage.

Part B REP21_PS03
THIS DEED OF ASSIGNMENT is made the day of Two Thousand and Twenty-one (2021)
Between:-
(1) ALISON BUDIMAN (NRIC No. S8645825J) and JOEL MA (NRIC No. S8810098F) both of 17 Jones Street
#11-01, Singapore 493001 (together "the Mortgagor") of the one part; and
(2) WILLIAMS BANK LTD (Company Registration No. 196001597D) of 47 Phillips Road, Singapore 257130
(the "Mortgagee") of the other part.
WHEREAS:-
(A) By an agreement (the "said Agreement") dated the 23 rd day of September 2021 made between JK
Pte. Ltd. (Unique Entity No. 201742886B) of 26 Robertson Road #15-01, Singapore 412319 (the
"Vendor") and the Mortgagor, the Vendor agreed to sell and the Mortgagor agreed to purchase the
property more particularly described in the Schedule (the "Mortgaged Property") upon the terms
and conditions in the said Agreement.
(B) Pursuant to the terms of the said Agreement, the Vendor has applied or will be applying to the
Registrar of Titles and/or other competent authority for a separate Certificate of Title or Subsidiary
Strata Certificate of Title, as the case may be, relating to the Mortgaged Property in accordance with
the provisions of the Land Titles Act and the Vendor will on completion of the sale deliver to the
Mortgagor the Certificate of Title/Subsidiary Strata Certificate of Title relating to the Mortgaged
Property.
(C) At the request of the Mortgagor the Mortgagee has made or granted or agreed to make or grant
advances or other credit facilities or accommodation (hereinafter called “the credit facilities”) to the
Mortgagor either alone or jointly with any other person for such amount or amounts or to such extent
and for so long as the Mortgagee thinks fit AND also agreed that the Mortgagee may from time to
time in future agree to make further advances loans credit and other facilities or accommodation to
the Mortgagor either solely or jointly or jointly with any other person for such amount or amounts or
to such extent and for so long as the Mortgagee thinks fit upon the security as hereinafter provided
and on terms and conditions hereinafter appearing.
NOW THIS DEED WITNESSETH as follows:-
1. In consideration of the premises Mortgagor hereby covenants with the Mortgagee that the Mortgagor
shall repay to the Mortgagee all sums of money which shall be owing or remain unpaid to the
Mortgagee in respect of the credit facilities together with interest thereon at the rate or rates at the
times and in the manner as provided in the Mortgage executed by the Mortgagor in favour of the
Mortgagee and referred to in Clause 4 hereinafter appearing.
2. For the consideration aforesaid the Mortgagor as beneficial owner assigns unto the Mortgagee by way
of mortgage:-
2.1 all rights title interest and benefits which the Mortgagor has in under or arising out of the
said Agreement;
2.2 all the estate rights title and interest of the Mortgagor in the Mortgaged Property vested in
the Mortgagor or hereafter to be vested in the Mortgagor under the Certificate of Title/
Subsidiary Strata Certificate of Title to be issued in respect thereof.
3. Provided Always if all monies hereinbefore covenanted to be paid under these presents and under the
provisions of the Mortgage hereinafter referred to shall be duly paid to the Mortgagee in accordance
herewith and therewith the Mortgagee will at the request and cost of the Mortgagor reassign to the
Mortgagor (or as the Mortgagor shall direct) the said Agreement and all the estate rights title and
interest of the Mortgagor hereby assigned or will otherwise discharge the security hereby created.
Part B REP21_PS03
4. Contemporaneously with the execution of these presents the Mortgagor shall execute and deliver to
the Mortgagee a mortgage in a form and containing terms and provisions prescribed by the
Mortgagee with the intent that the said mortgage shall take effect and operate as a legal mortgage
upon the delivery by the Vendor to the Mortgagor of the Certificate of Title/ Subsidiary Strata
Certificate of Title to the Mortgaged Property and where applicable, a duly executed transfer thereof.
PROVIDED ALWAYS that if the said mortgage shall for any reason whatsoever be incapable of or be
rendered inappropriate for or incapable of being registered or otherwise perfected to so take effect as
a legal mortgage the Mortgagor shall at the Mortgagee's request forthwith execute and deliver to the
Mortgagee a fresh mortgage (hereinafter together with the said mortgage called "the Mortgage") in
such form and manner as required by the Mortgagee.
5. Notwithstanding that the Mortgage is inoperative as a legal mortgage of the Mortgaged Property, all
covenants undertakings stipulations terms and conditions as contained in the Mortgage shall be
deemed to have full force and effect as if they were contained in this Deed and the Mortgagor hereby
covenant to perform and observe the same.
6. The Mortgagor hereby covenant with the Mortgagee as follows:-
6.1 to pay for each and every sum or sums of money as and when the same is or are due and
payable under the said Agreement and the Mortgagor will perform and observe all terms
stipulations agreements and provisions mentioned or contained in the said Agreement and
the Mortgagor shall at all times hereafter save harmless and keep the Mortgagee indemnified
against all actions, proceedings, claims, demands, penalties, costs and expenses which may
be brought or made against or incurred by the Mortgagee by reason or on account of the
non-observance of all or any of the terms stipulations agreements and provisions on the part
of the Mortgagor contained in the said Agreement.
6.2 that when the Mortgagor shall be in a position to call for the delivery of the Certificate of
Title/ Subsidiary Strata Certificate of Title or other document of title to the Mortgaged
Property and where applicable, a transfer thereof duly executed by the Vendor and all other
parties the Mortgagor will at once notify the fact to the Mortgagee in writing;
6.3 that as soon as the Certificate of Title/ Subsidiary Strata Certificate of Title or other document
of title to the Mortgaged Property shall have been issued the Mortgagor shall forthwith
authorise and cause the same to be delivered to the Mortgagee and shall perfect and
complete the Mortgage in favour of the Mortgagee;
6.4 that the Mortgagor shall ensure that any disputes arising between the Mortgagor and the
Vendor shall be resolved in a manner which will not hinder the Mortgagee’s receipt of title to
the Mortgaged Property and the perfection and registration of the Mortgage in favour of the
Mortgagee.
6.5 that, if the Mortgagor shall neglect refuse or fail to take delivery of and accept the Certificate
of Title/ Subsidiary Strata Certificate of Title and where applicable, the transfer of the
Mortgaged Property pursuant to the terms of the said Agreement, it shall be lawful for the
Mortgagee in the name of the Mortgagor to demand and receive the same from the Vendor;
6.6 not to assign mortgage or otherwise dispose of any estate rights title and interest in the said
Agreement, the Mortgaged Property or agree or purport to do the same or raise money on
the security thereof or deal with the same without the prior written consent of the
Mortgagee;
6.7 that the Mortgagor shall keep the Mortgagee informed of all matters relating to the
development of the building on or comprised in the Mortgaged Property and any breach or
default by the Vendor in the performance and observance of the said Agreement.

Part B REP21_PS03
6.8 that the Mortgagor shall at the request of the Mortgagee withdraw or cause to be withdrawn
any caveat lodged with the Singapore Land Authority under the Land Titles Act (Chapter 157)
in respect of any interest claimed by the Mortgagor over the Mortgaged Property and to take
such legal action as shall be available to the Mortgagor as caveatee to cause any caveat to be
removed and if the Mortgagor neglects or fails to withdraw or remove the caveat as aforesaid
it shall be lawful for the Mortgagee in the name of the Mortgagor to withdraw or to remove
such caveat.
7. 7.1 It shall be lawful for the Mortgagee in the name of the Mortgagor to exercise the rights and
remedies vested in the Mortgagor under the provisions of the said Agreement and to require
the Vendor to execute and deliver the said transfer or other assurance of the Mortgaged
Property in favour of the Mortgagor or of the Mortgagee or in favour of such other party as
the Mortgagee may deem fit to nominate and for such purposes the Mortgagor hereby
appoints the Mortgagee and the persons deriving title under the Mortgagee and the
Mortgagee's substitute or any person nominated by the Mortgagee under the hand of any
Executive Vice President or Senior Vice President or Vice President or Assistant Vice President
or Secretary or Accountant or any other officer for the time being of the Mortgagee to be the
Mortgagor's attorney for and in the names or name and on behalf of the Mortgagor to do
and execute all or any of the following acts deeds matters and things that is to say:-
7.1.1 to defend all legal proceedings brought by the Vendor in connection with the said
Agreement or in respect of the Mortgaged Property;
7.1.2 to withdraw any caveat lodged against the Mortgaged Property by the Mortgagor or
by a solicitor on behalf of the Mortgagor and for such purpose to sign and lodge the
necessary withdrawal of caveat;
7.1.3 to accept from the Vendor and other party or parties (if any) a transfer or other
assurance of the Mortgaged Property in favour of the Mortgagor or of the
Mortgagee or of such other party or parties as the Mortgagee may deem fit to
nominate and to make all payments, enter on behalf of the Mortgagor into all
covenants and do all other things on behalf of the Mortgagor which may be
necessary for completing the sale and purchase of the Mortgaged Property and the
said transfer or other assurance of the Mortgaged Property including all such
applications and notifications at the Singapore Land Authority as may be necessary
or desirable under any then existing statute providing for the registration of title to
land;
7.1.4 to execute such further assurance or assurances or other deeds and instruments as
may be necessary to effectually transfer to and vest the Mortgaged Property in the
Mortgagor or the Mortgagee or such other party or parties as the Mortgagee shall
deem necessary or expedient;
7.1.5 to abandon any legal proceedings and to compromise settle or refer to arbitration all
disputes or doubts which may arise in connection with the said Agreement and/or
the Mortgaged Property;
7.1.6 to bind the Mortgagor by way of covenant or declaration which may be necessary in
order to carry out the objects thereof;
7.1.7 to enter into possession of the Mortgaged Property and for this purpose to take,
accept or collect the keys from the Vendor of the Mortgaged Property;
7.1.8 to surrender the said Agreement to the Vendor for cancellation in exchange for the
issuance of a fresh agreement in favour of such person(s) or company or corporation
as the Mortgagee may in its absolute discretion nominate;

Part B REP21_PS03
7.1.9 to sell and absolutely dispose of all the rights title estate and interest of the
Mortgagor of and in the Mortgaged Property and of and in the said Agreement and
the right of the Mortgagor to a transfer or other assurance of the Mortgaged
Property in such manner and at such time or times whether by public auction or
private treaty and at such price as the Mortgagee shall see fit and proper and for
such purpose to enter into and execute the contract or contracts for sale thereof
and to complete the same on behalf of the Mortgagor and generally to do every
other thing whatsoever which may be necessary or proper for carrying out the said
sale; and
7.1.10 from time to time to substitute and appoint one or more attorney or attorneys
under the Mortgagee for all or any of the purposes aforesaid as the Mortgagee shall
think fit.
7.2 The Mortgagor hereby declares that all and every deed assignment transfer assurance receipt
and other document and act matter and thing which shall be by the Mortgagee given made
executed or done for the aforesaid purposes shall be as good valid and effectual for all intents
and purposes whatsoever as if the same had been signed sealed delivered given made or
done by the Mortgagor.
7.3 The Mortgagor hereby agrees at all times hereafter to ratify and confirm all and whatsoever
the Mortgagee or its attorney or attorneys shall lawfully do or cause to be done in or
concerning the said Agreement and/or the Mortgaged Property by virtue of the above
powers.
7.4 The Mortgagor further hereby declares that the above powers having been given for valuable
consideration shall be deemed to be irrevocable so long as any monies shall remain owing to
the Mortgagee under these presents or the Mortgage.
8. Without prejudice to any of the provisions hereinbefore contained or in the Mortgage more
particularly set out, if any of the covenants hereunder specified shall occur, that is to say:-
8.1 if the Mortgagor shall default in payment of any sums due or covenanted to be paid to the
Mortgagee at the times and in the manner herein or therein stated;
8.2 if the Mortgagor shall fail neglect omit to perform and observe any of the covenants terms
conditions stipulations undertakings contained in this Deed and/or in the Mortgage;
8.3 if the Mortgagor shall have a receiving order or an adjudication order made against them;
8.4 if the Mortgagor shall enter into any arrangement or composition for the benefit of the creditors
generally or shall allow or suffer any distress or execution or other process of Court to be
levied upon or issued against any of their property,
then the Mortgagee shall be at liberty to demand immediate payment of all sums remaining unpaid or
other sums payable under this Deed and/or the Mortgage and upon such demand being made all such
monies shall become payable.
9. If a notice of demand under the preceding Clause is not complied with the Mortgagee shall forthwith
be entitled to exercise all the statutory powers of a Mortgagee in respect of the Mortgaged Property
and in particular the power of sale.
10. The provisions of Section 25 of the Conveyancing and Law of Property Act (Chapter 61) (hereinafter
called “the said Act”) shall be so varied and extended in the application to these presents that the
power of sale may be exercised at any time after such demand as aforesaid.

Part B REP21_PS03
11. In exercising the power of sale the Mortgagee may sell assign and dispose of all the rights title estate
and interest of the Mortgagor of and in the Mortgaged Property and of and in the said Agreement and
the right of the Mortgagor to a transfer or other assurance of the Mortgaged Property without any of
the restrictions imposed by Section 25 of the said Act and whether by public auction or private treaty
and at such price and in such manner and subject to such conditions as the Mortgagee shall at its
absolute discretion think fit free from any interest of the Mortgagor hereunder or otherwise.
12. The said power of sale shall be extended so as to authorise the Mortgagee to cancel the said
Agreement and surrender all rights thereunder to the Vendor and on such terms as the Mortgagee
shall at its absolute discretion think fit.
13. The Mortgagor forthwith or when called upon shall pay:-
13.1 all costs fees expenses and other charges legal or otherwise including stamp duty and the
Mortgagee's solicitors' costs of or connected with the preparation execution of these
presents and the Mortgage and the preparation, completion and lodging of a caveat and
other documents required by the Mortgagee;
13.2 all stamp registration and other fees in respect of the transfer or other assurance of the
Mortgaged Property whether in favour of the Mortgagor or the Mortgagee and (if made in
favour of the Mortgagee) in respect of the transfer thereof by the Mortgagee to the
Mortgagor or such other party or parties pursuant to the powers herein contained including
the Mortgagee's solicitors' costs of or connected with the preparation and completion
thereof;
13.3 all legal fees on a full indemnity basis and other costs and disbursements incurred in connection
with demanding and enforcing payment of any monies due hereunder or under the Mortgage
or otherwise howsoever in enforcing this security and/or any of the covenants undertakings
stipulations terms conditions or provisions herein contained; and
If the Mortgagor shall neglect refuse or fail to make the above payments it shall be lawful for the
Mortgagee to make such payments and all monies expended by the Mortgagee under this provision
shall be deemed to be properly paid or incurred by the Mortgagee and until repayment by the
Mortgagor be added to the principal monies hereby secured and secured by the Mortgage and bear
interest accordingly at the rate aforesaid and stand charged upon the Mortgaged Property.
14. 14.1 This Deed and the Mortgage shall be binding upon the successors of the Mortgagor. All
undertakings, agreements, representations and warranties given, made or entered into by
the Mortgagor under this Deed and the Mortgage, shall survive the making of any
assignments hereunder.
14.2 The Mortgagee may assign all or any of its rights, title and interest hereunder at any time.
The Mortgagor shall have no right to assign or transfer any of the Mortgagor's rights
hereunder and the Mortgagor shall remain fully liable for all of the Mortgagor's undertakings,
agreements, duties, liabilities and obligations hereunder and in the Mortgage, and for the
due and punctual observance and performance thereof.
15. If any one or more of the provisions contained in this Deed or the Mortgage shall be deemed invalid,
unlawful or unenforceable in any respect under any applicable law, the validity, legality and
enforceability of the remaining provisions contained herein shall not in any way be affected or
impaired.
16. A person who is not a party to this Deed shall have no rights under the Contracts (Rights of Third
Parties) Act (Chapter 53B) to enforce any of its terms.
17. This Deed shall be governed by and construed in accordance with the laws of the Republic of
Singapore and the parties hereto shall and do hereby submit to the non-exclusive jurisdiction of the
Part B REP21_PS03
courts of the Republic of Singapore PROVIDED ALWAYS that submission to the jurisdiction of the
courts of the Republic of Singapore shall not preclude the Mortgagee from commencing proceedings
in the courts of any other country.
18. Expressions in this Deed shall have the same meaning assigned to them as contained in the Mortgage
provided that the expressions “the Mortgagor”, “the Borrower” and “the Mortgagee” herein shall
have the same meaning as the expressions “the Mortgagor”, “the Borrower” and “the Mortgagee” in
the Mortgage.
IN WITNESS WHEREOF the Mortgagor have hereunto set *his/her/their respective hand(s) and
seal(s) / caused its/their Common Seal to be hereunto affixed.
THE SCHEDULE ABOVE REFERRED TO
The condominium unit in the housing project known or to be known as 14 Henderson Drive #11-01, Red
Residences, Singapore 784112 and having an estimated floor area of 120 square metres (as shown in the
registered land surveyor's certificate on strata area), built/to be built/being built by the Vendor on part of
Government Resurvey Lot 1474X of Mukim 8 and forming part of the land contained in Lease 29312.
SIGNED SEALED and DELIVERED )

by the abovenamed Mortgagor )
in the presence of:- ) ______________________________
JOEL MA
SIGNED SEALED and DELIVERED )

by the abovenamed Mortgagor )
in the presence of:- )
______________________________
ALISON BUDIMAN
On this day of A.D. 2021 before me,

an Advocate and Solicitor of the Supreme Court of the Republic of Singapore practising in Singapore personally
appeared JOEL MA and ALISON BUDIMAN who of my own personal knowledge I know to be the identical
persons whose names "Sgd JOEL MA" and "Sgd ALISON BUDIMAN" respectively are subscribed to the within
written instrument and acknowledged that they had voluntarily executed this instrument at Singapore.
Witness my hand.

Part B REP21_PS03
Your Ref:
Our Ref:
Date:
JK PTE. LTD.
26 Robertson Road #15-01
Singapore 412319
Dear Sirs
NOTICE OF ASSIGNMENT
14 HENDERSON DRIVE #11-01, RED RESIDENCES, SINGAPORE 784112 (the "Property")
As solicitors for WILLIAMS BANK LTD (the "Bank"), we hereby give you notice for and on behalf of
the Bank that by a Deed of Assignment dated [date] made between JOEL MA and ALISON BUDIMAN
(together the "Purchaser") of the one part and the Bank of the other part, the Purchaser assigned to
the Bank all the Purchaser’s rights title interest and benefits in the Property and under the
Agreement for Sale and Purchase dated 23 September 2021 between yourselves of the one part and
the Purchaser of the other part by way of mortgage as security for payment of the principal monies
and interest as therein mentioned.
By the said Deed of Assignment, the Purchaser has appointed the Bank to be the Purchaser’s
Attorney to take and accept delivery of the Subsidiary Strata Certificate of Title and Transfer of the
Property or other documents of title relating to the Property and accordingly you are requested to
send to us the Subsidiary Strata Certificate of Title and copies of all relevant notices in connection
with the Property.
Please acknowledge receipt of this notice by signing and returning to us the attached duplicate copy
of this notice.
Yours faithfully
cc Williams Bank Ltd
cc [Developer’s solicitors]

Rep21 PS03

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Part B REP21_PS03

PRACTICE SESSION COMPETENCIES

1. Identify legislation relating to purchase of a residential property from a licensed housing

4. Prepare and review the following documents:

(a) Purchaser’s and mortgagee’s caveats;

WHAT YOU NEED TO BRING FOR THIS PRACTICE SESSION

Please bring the following to the Practice Session:

SILE Part B 2021 1| P a g e

FACTS OF THE MATTER

Your clients intend to finance the purchase of the Property with:

Please prepare the following for this practice session:

SILE Part B 2021 2| P a g e

mortgage for a property with separate title.

Suggested time for completing tasks: 2 days

SILE Part B 2021 3| P a g e

SINGAPORE TITLES AUTOMATED REGISTRATION SYSTEM

Lot Number : MK8-1474X

Lot Area : 27750.0 SqM

State Title Tenure : LEASEHOLD ESTATE

Title Document Number : CT VOL 632 FOL 11

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SINGAPORE TITLES AUTOMATED REGISTRATION SYSTEM

[#1] INTELLECTUAL PROPERTY

[#2] USE OF INFORMATION

[#4] INFORMATION ON DOCUMENTS LODGED

[#5] CAVEAT INDEX

[#6] PROPERTY ADDRESS

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SINGAPORE TITLES AUTOMATED REGISTRATION SYSTEM

======================== ESTATE AND LAND DESCRIPTION ==========================

Land Tenure : LEASEHOLD ESTATE

* Plan filed in Chief Surveyor’s Office

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==================== PARTICULARS OF PROPRIETOR AND ADDRESS ====================

================================= MEMORIAL ====================================

=================================== CAUTION ===================================

==================================== NOTICE ===================================

================================ ORDER OF COURT ===============================

============================= INTEREST/ENCUMBRANCE ============================

1 MORTGAGE IF/907568A lodged on 12/04/2019 at 12:59

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======================== PUBLIC INSPECTION AND SEARCH =======================

============================== POST REGISTRATION ==============================

============================= PENDING INSTRUMENTS =============================

================================ CERTIFICATION ================================

This Certificate of Title was embodied in the land-register on 12 FEB 2019

NO ENCUMBRANCES LODGED AGAINST THE

- (2) THE INFORMATION PRINTED IS BASED ON THE SEARCH

** This Certificate of Title is safe-kept with the Registry **

========================= END OF LAND REGISTER SEARCH =========================

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CONDOMINIUM HOUSING DEVELOPMENT ON MK 8 LOT 1474X AT HENDERSON DRIVE

2. Subject to the Housing Developers (Project Account) Rules, we will at your

For and on behalf of

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For Official Use Only

Description of plot/unit/child lot details

Development Name : Red Residences

ID / Co Regn No: S8645825J

ID / Co Regn No: S8810098F

ID / Co Regn No: 201742886B

This Certificate of Title is safe-kept with the Registry