Types Of Residential Property

Residential property in Singapore can be classified into the following categories, namely :-


• Public housing i.e. HDB flats
• Public-private hybrids i.e. Executive condominiums
• Private housing i.e. condominiums, apartments, landed property, shophouses, cluster housing etc.

What Will Hoh Law Corporation Do For You ?

At each of the crucial stages of the purchase/sale of your flat, we at Hoh Law Corporation will do the following to ensure a smooth transfer of ownership:

 

  1. We will carefully look through the contractual terms to ensure that your interests are protected at all times.
  2. We will conduct comprehensive checks on the title deed of the property to ensure that you are purchasing from the rightful owner. We will also advise you on the negotiation process and other pertinent details.
  3. Government regulations change from time to time. We will ensure that you are kept up to date with the latest changes so that you are not caught off-guard by changes in regulatory framework when you are ready to purchase/sell your property.
  4. We will lodge a caveat against the title to the property when you are ready to complete the purchase of your House or Flat to notify the public and/or any other interested third parties that you have a valid claim or interest in the said property.
  5. Bank loans are often used to finance the purchase of property in Singapore. As your lawyers, we will also liaise with the loan party to prepare the mortgage and secure the loan successfully.
  6. We will liaise with the CPF Board and/or the bank to ascertain in writing that your required loan amount and CPF amounts are ready for drawdown for the successful completion of your House or Flat within the agreed time window. This is crucial as incompliance with the completion period can lead to unintended consequences.
  7. We will follow through up till Completion date, where there will be payment of the contracted sale price (from the buyer) in exchange for the signed conveyance of title to the new owner.

As you can see from the above, the process involved in purchasing a House or Flat can involve interaction between multiple parties. It is thus in your best interests to hire a lawyer to aid in this complex process.

WE ARE HERE TO HELP

As Singapore’s largest community law firm, HOH Law Corporation brings legal services to the masses and to the ordinary man on the street. With island-wide offices and a team of trained legal professionals, our mission is to combine our extensive experience with our resources to focus on the needs of our clients and commit ourselves in heart and mind to provide affordable and quality legal services to them.