Mr. Lim's development company, "Harmony Homes Pte Ltd," is constructing 4 apartment units. Can they officially register a project name for this development?

No, Harmony Homes Pte Ltd must develop more than 4 units to qualify for a project name registration.

Sarah has entered into an Option to Purchase (OTP) agreement with David for a property. The OTP stipulates a completion date of 18th August 2025. However, David is experiencing delays in securing the necessary funds for the transaction and requests a one-week extension for the sale completion. In this scenario, Sarah can:

claim unliquidated damages calculated at 8% per annum on the balance purchase price (total purchase price less any amount already paid by David) for the one-week delay.

David is selling his landed property to Michael. The Option to Purchase (OTP) stipulates that the completion date for the sale is set for 20th October 2025. However, David encounters unforeseen circumstances and is unable to vacate the property by the agreed completion date, requesting a postponement of the sale completion by one week. Michael has the right to:

seek unliquidated damages calculated at 8% per annum of the purchase price for the one-week delay.

Paper 2

Sale of Properties

Transaction process, Option to Purchase, completion

143 practice questions available in the app

Study Guide

Sale of Properties is part of Paper 2 — Real Estate Agency of the RES examination. This topic covers transaction process, option to purchase, completion.

Key facts

Part of Paper 2 (Estate agents act, property transactions, taxation)
143 practice questions in the app
Multiple choice format — 4 options per question
Must score 75% or higher on Paper 2 to pass

Use the sample questions below to test your understanding. For comprehensive practice with all 143 questions, progress tracking, and timed exam simulation, download the Prepare app.

Try Sample Questions

Test your knowledge with 5 free questions from this topic.

Question 1 of 5

After a failed collective sale, how long must the owners wait before they can attempt another collective sale?

Frequently Asked Questions

What are the steps in a private property sale in Singapore?

The typical process is: (1) grant of Option to Purchase (OTP) with 1% option fee, (2) exercise of option within 14 days with 4% deposit, (3) conveyancing period (8-12 weeks), (4) completion with payment of remaining purchase price, and (5) registration of transfer at Singapore Land Authority.

What is the cooling-off period for property purchases in Singapore?

For new launch private properties, there is a 5-day cooling-off period after the Sale & Purchase Agreement is signed, during which the buyer can rescind by forfeiting 25% of the booking fee. There is no cooling-off period for resale private properties or HDB resale flats.

How many Sale of Properties questions are in the RES exam?

There are approximately 143 practice questions on Sale of Properties. This topic covers the entire transaction lifecycle from listing to completion and is essential knowledge for every property agent.

Study Resources for Sale of Properties

Topic Explainer8 min read

En Bloc / Collective Sale: Process and the Agent Role

How en bloc sales work in Singapore — consent thresholds (80%/90%), STB process, reserve price, agent responsibilities, and recent successful en blocs.

24 March 2026

Industry Insights8 min read

Finding Your Niche: HDB, Condo, Commercial, or Landed?

How to choose your property specialization as a new agent. Market size, deal frequency, commission potential, and expertise needed for each segment.

23 March 2026

Topic Explainer8 min read

Property Buying Process: The Agent's Perspective for RES Exam

Understand the Singapore property buying process from an agent's perspective. Essential knowledge for RES exam candidates and homebuyers alike.

9 March 2026

Topic Explainer9 min read

Conveyancing Process in Sale of Properties: RES Exam Deep Dive

In-depth analysis of Conveyancing Process within Sale of Properties. Essential knowledge for the RES exam with detailed explanations and practical examples.

14 February 2026

Practice all 143 Sale of Properties questions

Get the Prepare app for full access to practice questions, timed exams, progress tracking, and weak area analysis.

Sale of Properties

Study Guide

Try Sample Questions

Frequently Asked Questions

Study Resources for Sale of Properties

En Bloc / Collective Sale: Process and the Agent Role

Finding Your Niche: HDB, Condo, Commercial, or Landed?

Property Buying Process: The Agent's Perspective for RES Exam

Conveyancing Process in Sale of Properties: RES Exam Deep Dive

Practice all 143 Sale of Properties questions

More Paper 2 Topics

Estate Agents Act

HDB Properties

Marketing, CPF & Finance

Taxation