Singapore's "United Daily News" on January 26 news, Singapore's Minister for Culture, Community and Youth and Second Minister for Law and Order Tang Zhenhui announced on January 26 that real estate transactions involving complicated transfer procedures will be phased in using a digital platform, buyers and sellers can easily pay and submit documents through electronic forms, more efficient handling procedures as well as check the latest progress.

Real estate transactions are legal procedures for the transfer of property rights and are currently dominated by paperwork. The new digital platform is expected to be fully implemented by 2026.

The first phase will cover the Option to Purchase (OTP) process for developer sales, resale and sub-sale transactions and is expected to be completed by the second quarter of 2024 at the latest.

The latter two phases will cover the developer sale transaction and the remaining procedures for the resale and sub-sale transactions respectively.