AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Dear Gurus, i would like to understand:

(i)If it is compulsory for caveat to be lodged for transacted prices of properties so that interested buyers/seller/valuator will be aware on the latest transacated pricing?
(ii) If it is compulsory, whom will usually perform the lodging?
(iii) If it is not compulsory, how would one be able to find out the true pricing?

Best Regards
John
0 •
1536 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Ken Tan
Replied
Hi,

It is not compulsory to lodge a caveat for all property purchases.
Lodging of caveats is usually done voluntarily by purchasers through their lawyers to protect their interest in the property.

I have cases of buyers who do not lodge caveats as they are paying full cash and are able to transfer title deed to their hands after completion.

As for how would one be able to find out the true pricing if the caveats are not lodge, i regret to inform you that I do not have an answer to that.

Ken Tan
 96461490 
Huttons

more info, go to www.96461490.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions