#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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1. #1: Top Blind Spots when Buying a Property in Singapore (ft. Cannis Seng) (00:00:00)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

22. Key takeaways (00:48:18)