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Qualifying Certificate Bond

$100.00

A guarantee that ensures the properties developed will be sold within the specified timeframe. The developer usually purchases this bond in favour of Singapore Land Authority (SLA).

Documents Required

  • SLA Letter
  • Latest ACRA Bizfile (within 3 months)
  • Latest Audited Financials
  • Bond Format (if any)

Applicable to

  • Property Developers

Case Study
ABC Development Ltd, a listed company in Singapore, bought a private residential land in Singapore for $100 million. Singapore Land Authority requires them to provide a guarantee of $10 million to ensure that the properties developed will be sold within 5 years. ABC Development Ltd can then purchase a Qualifying Certificate Bond to be issued to SLA, thus not utilizing ABC Development Ltd’s bank facilities.
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For more information on Qualifying Certificate Bond, please contact us at:
Email : awg@awginsurance.com
SKU: SG-07 Category:

Product Description

A guarantee that ensures the properties developed will be sold within the specified timeframe. The developer usually purchases this bond in favour of Singapore Land Authority (SLA).