Lydia Tan, a property agent at PrimeHomes Realty, is assisting Zhi Wei Chen and Xin Yi Liu, a couple planning to get married, in purchasing their first home.
They are interested in a resale HDB flat located in Bishan.
Lydia explains to them the importance of lodging a caveat to protect their interest once they have agreed on the purchase price with the seller.
She also discusses the differences between the Land Titles System and the Registration of Deeds, emphasizing the importance of registration for legal title transfer.
As they explore their options, Lydia advises them on the necessity of understanding the terms of the Tenancy Agreement if they decide to rent out the property in the future.
She also highlights the significance of the Certificate of Title and the need to check for any restrictive covenants that might affect their use of the property.
Zhi Wei and Xin Yi are keen to proceed, but they want to ensure they understand all legal aspects before making a commitment.