Singapore: As COVID-19 cases around the world continue to rise, more countries and companies are enforcing lockdown and quarantine measures. In such circumstances, there will be practical difficulties when parties are unable to physically produce, execute and witness their contracts, especially when the law requires the aforesaid legal requirements to be satisfied for certain contracts. As such, we, as the lawyers acting for developers of property, have been receiving an increasing number of requests from Purchasers to exercise their options by faxing or emailing to us their signed contracts, as they are unable to return the physical signed contracts before the exercise deadline. What exactly is a party to a property transaction to do in this current situation? Are electronic exchanges of and electronic signatures on contracts for the sale and purchase of immovable property (SPAs) acceptable?
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