Singapore - Property Title Briefing
 
Singapore has probably the most reliable title system in Asia. Upon registration, the registered owner's title is indefeasible, except against prior registered or overriding interests such as the power of the courts to rectify in the case of fraud, omission or mistake.
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However, known defects in titles, such as encroachments over adjoining properties, can still prevent transactions occurring as the cost risk can be significant. A Known Risk title insurance policy protects purchasers and financiers against the cost, uncertainty and management time required to deal with any claims regarding encroachments. The policy provides defence of claims and payment of financial loss up to the insured amount, usually the value of the property, plus payment of costs.
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Title Insurance
 
As in other developed jurisdictions, title insurance provides a cost-effective risk mitigation tool against fraud for both investors and financiers. In addition, as no fault or negligence need be proved to claim on the policy, title insurance protects against the uncertainty, time and cost required to claim against solicitors or other parties.
 

 
For more information on how title insurance can protect you and your clients, please visit our website www.firstam.com.hk or contact us.