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Sofa So Good - The PropertyLimBrothers Podcast

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

April 07, 2020 Season 1 Episode 1
#1: Top Blind Spots when Buying a Property in Singapore (ft. Cannis Seng)
Sofa So Good - The PropertyLimBrothers Podcast
Chapters
1:45
Things to look out for before paying the 1% option fee
4:00
Can you back out after signing OTP?
7:42
Is there a way to verify the size of a property?
9:45
What does it mean when a caveat is lodged?
13:51
Do you have to back pay your ABSD?
18:19
Advice on preventing it from happening
20:24
What happens if the seller does not want to complete the deal halfway into the completion phase?
22:25
Talking about caveat emptor clause
23:39
What can be done as a buyer to protect themselves and mode of recourse
25:55
Best practices before paying the option fee
31:06
Talking about seller’s point of view
31:14
Talking about Seller's Stamp Duty
32:55
What if the seller fails to pay seller's stamp duty?
35:08
What are the risks and pitfalls the buyers and sellers have to look out for?
39:41
Talking about buying properties in trust
40:16
Can you take a loan if your child is below 21 years old?
41:05
When can they sell the property?
42:49
What happens to the money after selling the property?
43:45
Can the parents use the money?
45:52
Important things the trustee have to take note
48:18
Key takeaways
More Info
Sofa So Good - The PropertyLimBrothers Podcast
#1: Top Blind Spots when Buying a Property in Singapore (ft. Cannis Seng)
Apr 07, 2020 Season 1 Episode 1

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.

Find us on these platforms:
http://smarturl.it/PLBSocials

#PropertyLimBrothers
#SofaSoGood
#ThePLBPodcast

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Show Notes Chapter Markers

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.

Find us on these platforms:
http://smarturl.it/PLBSocials

#PropertyLimBrothers
#SofaSoGood
#ThePLBPodcast

1:45
Things to look out for before paying the 1% option fee
4:00
Can you back out after signing OTP?
7:42
Is there a way to verify the size of a property?
9:45
What does it mean when a caveat is lodged?
13:51
Do you have to back pay your ABSD?
18:19
Advice on preventing it from happening
20:24
What happens if the seller does not want to complete the deal halfway into the completion phase?
22:25
Talking about caveat emptor clause
23:39
What can be done as a buyer to protect themselves and mode of recourse
25:55
Best practices before paying the option fee
31:06
Talking about seller’s point of view
31:14
Talking about Seller's Stamp Duty
32:55
What if the seller fails to pay seller's stamp duty?
35:08
What are the risks and pitfalls the buyers and sellers have to look out for?
39:41
Talking about buying properties in trust
40:16
Can you take a loan if your child is below 21 years old?
41:05
When can they sell the property?
42:49
What happens to the money after selling the property?
43:45
Can the parents use the money?
45:52
Important things the trustee have to take note
48:18
Key takeaways