Alice Tan, a property agent at Dr.amHomes Realty, is assisting Ethan Wong, a single professional, in purchasing his first property in Singapore.
Ethan is interested in a freehold condominium unit in the central area.
During their discussions, Alice explains the importance of understanding the legal aspects of property transactions, including the registration of titles and the implications of caveats.
Ethan is particularly concerned about ensuring that his ownership rights are protected and wants to know more about the process of transferring legal title and the role of the Singapore Land Authority (SLA).
Alice also informs Ethan about the potential for restrictive covenants and the necessity of checking the land register for any existing encumbrances.
As they proceed, Ethan is keen to understand the differences between freehold and leasehold properties and the significance of the Certificate of Title in confirming ownership.