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Apr 11, 2024 · A URA caveat, or a caveat lodged in URA, is a legal document. A purchaser or their representing lawyer lodges the URA caveat with the Singapore Land Authority (SLA). The URA caveat is lodged after an Option to Purchase (OTP) or a Sales & Purchase Agreement is signed.
The objective is to assist potential property buyers in making informed decisions, taking into account the prevailing trends in the HDB resale market and URA private residential property transactions with caveat lodged. HDB data is based on registered resale applications and is updated daily.
Aug 1, 2024 · By lodging a caveat, the mortgagee ensures that any potential sale, transfer, or other dealings with the property cannot proceed without their knowledge and consent. The rationale behind this is that the mortgagee’s interest is secured against the property as collateral for the loan.
Jan 29, 2022 · A URA caveat lodged generally lasts for 5 years from its date of lodgement. A caveat can be extended past 60 months and renewed for another 60 months from the date of lodgement. Each time a caveat is lodged, a fee of $64.45 (including GST) is payable.
6 days ago · A less obvious question is what are the obligations on a legal practitioner, who is instructed to lodge a caveat based on an electronically signed document, to consider and advise on whether there is sufficient evidence of compliance with section 10 of the Electronic Transactions Act before lodging that caveat.
Oct 1, 2024 · The price decline came amidst lower transactions across all landed housing types (detached, semi-detached, and terrace house); overall private landed home sales fell by 20% QOQ in Q3 2024, based on URA Realis caveat data.
Oct 26, 2021 · Typically, a URA caveat is lodged once a buyer exercises the Option to Purchase (OTP) agreement or entered into a sale and purchase agreement with a seller. So in layman terms, lodging a URA caveat is a legal way of telling everyone else to back off from buying a property that you’ve been eyeing on.
Mar 5, 2023 · The URA caveat is a legal tool commonly used in property transactions to prevent any subsequent dealings or transfers of the property without the consent or knowledge of the party that has lodged the caveat.
The 1,141 sq ft unit was resold for $2.7 million, setting a new record of $2,366 psf, according to a caveat lodged on Aug 22.
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