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

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.