#1: Top Blind Spots when Buying a Property in Singapore (ft. Cannis Seng)

Sofa So Good - The PropertyLimBrothers Podcast

We spoke with Cannis Seng from BR Law Corporation on the top blind spots that most buyers and sellers tend to miss out when buying and selling a private property in Singapore.
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Rozdziały

1. Things to look out for before paying the 1% option fee (00:01:45)

2. Can you back out after signing OTP? (00:04:00)

3. Is there a way to verify the size of a property? (00:07:42)

4. What does it mean when a caveat is lodged? (00:09:45)

5. Do you have to back pay your ABSD? (00:13:51)

6. Advice on preventing it from happening (00:18:19)

7. What happens if the seller does not want to complete the deal halfway into the completion phase? (00:20:24)

8. Talking about caveat emptor clause (00:22:25)

9. What can be done as a buyer to protect themselves and mode of recourse (00:23:39)

10. Best practices before paying the option fee (00:25:55)

11. Talking about seller’s point of view (00:31:06)

12. Talking about Seller's Stamp Duty (00:31:14)

13. What if the seller fails to pay seller's stamp duty? (00:32:55)

14. What are the risks and pitfalls the buyers and sellers have to look out for? (00:35:08)

15. Talking about buying properties in trust (00:39:41)

16. Can you take a loan if your child is below 21 years old? (00:40:16)

17. When can they sell the property? (00:41:05)

18. What happens to the money after selling the property? (00:42:49)

19. Can the parents use the money? (00:43:45)

20. Important things the trustee have to take note (00:45:52)

21. Key takeaways (00:48:18)