[CRS-260179] Estate, Ownership and Lease affecting Property Transactions (EOL)

CPD Category: Professional Competencies under Structured Learning (4 training hours awarded)

Course Duration: 4.0 hours

Funding: No funding

Course Synopsis:

This course provides a comprehensive understanding of how estate (decease), ownership and lease of the land affect property ownership and resale in Singapore. It addresses legal processes, property-related challenges, and practical solutions for Real Estate Salespersons navigating these complex situations.

Overview of manner of holding, testamentary and succession process, the transfer and transmission of the properties, and Case Studies and Practical Scenarios on the different and unique scenarios.

How death affects succession eligibility for the various property types, taxation, duties and Trust.

Property Sale Procedures and Documentation with death at different stages of the transaction.

Loss of Mental Capacity and other Ownership issues. Effect of end of lease or limited lease of the property on the owners and/or purchasers with regard to eligibility, loan and CPF.

Course Objective(s):

At the end of the course, participants / learners will be able to: –

  • Understand the Legal Framework and mechanism of the testamentary and succession process for property ownership, and the associated legal requirements.
  • Identify how death affects succession eligibility for different property types, the application of tax and duties, and the succession planning.
  • Execute property sale procedures, including documentation and compliance requirements, and handle challenges during property transactions. Understand the Mental Capacity Act and other ownership issues affecting property ownership.
  • Knowledge of the events at the end of lease of the property and how it affects the ownership, and the regulations and policies regarding limited property lease faced by the owners or purchasers.

About the Trainer

Mr Sunny Wong

Sunny has been in the Real Estate Industry since 2000, and has wealth of knowledge and experience across diverse sectors of property transactions. His expertise extends beyond sales and leasing to include project in-charge for local new condominium launches, and he later expanded into marketing and consultancy for overseas properties, covering markets such as Myanmar, Cambodia, and Malaysia. He has also served as a keynote speaker for foreign property hotel launches in Singapore.

Holding an Honors Degree in Engineering and a Graduate Diploma in Business Administration, Sunny began his career as an engineer in the oil and petrochemical industry before making a bold transition into real estate—a move he has never regretted.

Sunny is now actively involved in collective property sales in Singapore, where he leads agendas, orchestrates meetings, spearheads operations, and manages tenders. His efforts culminated in the successful transaction of the mixed-use commercial and residential development, Selegie Centre.

As a certified WSQ ACTA Trainer, Sunny teaches Real Estate Salesperson (RES) courses for aspiring salespersons, and also conducts Continuous Professional Development (CPD) training sessions for current practitioners, contributing to the growth and professionalism of the industry.