Jun Wei Tan, a property agent at UrbanNest Realty, is assisting Alicia Wong, a single professional, in purchasing her first property in Singapore.
Alicia is interested in a condominium unit at Riverfront Residences, a newly developed project.
She is particularly concerned about the legal aspects of property ownership, including the differences between proprietary and personal rights, and the implications of fixtures versus chattels.
Alicia also wants to understand the significance of legal versus equitable interests, and how these might affect her investment.
Jun Wei explains that understanding these concepts is crucial for making informed decisions about property ownership and investment.